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Fantom [35]
2 years ago
10

A consumer values a car at $20000 and it costs a producer $15000 to make the same car. If the transaction is completed at $18000

, the transaction will generate:
Business
1 answer:
solniwko [45]2 years ago
8 0

Answer:

The transaction will generate a buyer surplus of $2,000 and a sellers surplus of $3,000

Explanation:

A consumer values a car at $20,000

It costs a producer $15,000 to generate that same car

The transaction is complete at $18,000

The first step is to calculate the buyer's surplus

= $20,000-$18,000

= $3,000

The seller's surplus can be calculated as follows

= $18,000-$15,000

= $3,000

Hence the transaction will generate a buyer surplus of $2,000 and a sellers surplus of $3,000

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If an automobile gets 24.5 miles to the gallon and the cost of gasoline is $2.75 a gallon, how much will it cost to drive 975 km
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5 0
2 years ago
How does Reagan's evidence compare to the available
Alex

Answer:

Reagan’s claim that inflation rose sharply under Carter is supported by the data.

Explanation:

Correct on edg

6 0
2 years ago
Read 2 more answers
Which one of the following is a way to improve the S/Q rating of branded pairs produced at a particular production facility? Avo
Tomtit [17]

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Explanation:

The International Footwear Federation is a consumer group that issues s/q ratings for footware makers around the world.

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Footware with high quality materials that are durable rank high in the S/Q matrix and as such it is imperative that companies aiming to move higher up the S/Q scale, use high quality materials.

Avoiding the use of green/environmentally-friendly materials (which are of lower quality than superior materials) and instead using Superior materials, whilst not entirely good for the Environment, will make a shoe stronger which would increase the S/Q rating.

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zubka84 [21]

Answer:

a. Janice must adjust the total value 2018 GDP for inflation.

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