Business, 17.03.2020 22:01 wertyong9689
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. Statement Consumer Surplus Producer Surplus Neither I sold a used laptop for $108, even though I was willing to go as low as $100 in order to sell it. A local store was having a sale on watches, so I bought a watch for my brother. Even though I was willing to pay up to $37 for a jersey sweater, I bought a jersey sweater for only $30.
Consumer Surplus
Producer Surplus
Economic Surplus
Answers: 1
Business, 22.06.2019 00:50
Cool beans is a locally owned coffee shop that competes with two large coffee chains, planeteuro and frothies. alicia, the owner, hired two students to count the number of customers that entered each of the coffee shops to estimate what percent of people who are interested in coffee are visiting each shop. after a week, the students found the following results: 589 visited cool beans, 839 visited planeteuro, and 1,290 visited frothies. the students were surprised that cool beans had 139 visits on monday which represented 59% of all people who visited one of the three coffee shops on mondays. how many people visited one of the three coffee shops during the week?
Answers: 2
Business, 22.06.2019 10:30
The advertisement demonstrates a popular way companies try to sell a product. what should consumers consider when it comes to the price of this product? it includes shipping and handling costs. it takes into account maintenance costs. it explains why this price is a good deal. it makes the full cost appears lower than it is.
Answers: 1
Business, 22.06.2019 23:00
The five steps to financial success a. five money myths b. five foundations
Answers: 1
Identify whether each of the following statements best illustrates the concept of consumer surplus,...
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