The following graph shows the supply curve for a group of students looking to sell used smartphones. Each student has only one used smartphone to sell. Each rectangular segment under the supply curve represents the “cost,” or minimum acceptable price, for one student. Assume that anyone who has a cost just equal to the market price is willing to sell his or her used smartphone.

1. Region A (the purple shaded area) represents the total producer surplus when the market price is (Blank) , while Region B (the grey shaded area) represents the change in total producer surplus when the market price changes from $100 to $140 .

In the following table, indicate which statements are true or false based on the information provided on the previous graph.
2. Assuming each student receives a positive surplus, Sam will always receive less producer surplus than Teresa. (True or False)

3. .Producer surplus is smaller when the price is $140 than when it is $100. (True or False)

3. In order for Beth to earn a producer surplus of exactly $60 from selling a used smartphone, the market price needs to be (Blank)

The Following Graph Shows The Supply Curve For A Group Of Students Looking To Sell Used Smartphones.

Answers

Answer 1

1. The market price that represents the total producer surplus is $140.

Statement                                                                                       True/False

2. Sam will always receive less producer surplus than Teresa.    False

3. When the price is $140 producer surplus is smaller than at $100.  False

4. For Beth to earn a producer surplus of exactly $60, the market price needs to be $240 ($180 + $60).

Data and Calculations:

                             Cost       Market Price             Producer Surplus

                             A            B              C             D = (B -A)     E = (C - A)

Lorenzo                $20       $100      $140             $80          $120

Naha                     $60       $100      $140            $40            $80

Sam                      $80       $100      $140            $20            $60

Teresa                $100       $100      $140              $0            $40

Andrew              $160       $100      $140           -$60           -$20

Beth                   $180       $100      $140           -$80           -$40

The producer surplus represents the excess of the market price over the price a seller is willing to sell an item.  For example, Teresa is willing to sell the smartphone at $100.  If the market price is $120, she gets a producer surplus of $20 ($120 - $100).

Thus, the market price for a used smartphone must exceed the seller's willingness price to produce a producer surplus.

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Related Questions

Assume the risk-free rate is 8% and the expected rate of return on the market is 18%. A share of stock is now selling for $100. It will pay a dividend of $9 per share at the end of the year. Its beta is 1. What do investors expect the stock to sell for at the end of the year

Answers

The price of the investors can expect the stock to be sold at the end of the year is $109.

The price of the investors can expect the stock to be sold at the end of the year can be determined using this formula:

Stock price = d1 / (r - g)

d1 = next dividend to be paid = $9

r = cost of equity

g = dividend growth rate

The cost of equity would be determined using the capital asset pricing model:

Risk free rate + beta(market rate of return - risk free rate)

8% + 1(18% - 8%) = 18%

The dividend growth rate can be determined using this equation:

100 = $9 /  ( 18% - g)

g = 9%

Stock price = $9(1 + 0.9)  / (0.18 - 0.09)  

9.81 / 0.09 = $109

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Consider that your income has decreased this year from $50,000 to $10,000. You bought 2 quantities of product B last year and decide to purchase 9 quantities of product B this year. Keeping all other factors the same, which statement is correct regarding your income elasticity of demand and product B?

Answers

The statement that is correct regarding the income elasticity of demand and product B is E. The income elasticity of demand is -0.95 and the designer jeans are considered inferior goods.

From the complete question, the elasticity of demand will be calculated thus:

= (9 - 2)(50000 + 10000) / (2 + 9)(10000 - 50000)

= -420/440

= -0.95

Therefore, the income elasticity of demand is -0.95 and the designer jeans are considered inferior goods since it has a negative income elasticity of demand.

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Business plan are also called ROAD MAPS; it’s possible to travel without one, but it will only increase the likelihood of getting lost along the way. Explain to correct answer.

Answers

It’s possible to travel without one, but it will only increase the likelihood of unorganisation, procrastination and no plans of what to do

There are selected transactions of Martin Consulting Service. Post the transactions into the appropriate Ledger accounts.
DATE TRANSACTIONS
20x1
Sept. 1 Marcus Martin invested $40,000 in cash to start the firm.
4 Purchased office equipment for $4,350 on credit from Zappo, Inc.; received Invoice 8925, payable in 30 days.
16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $28,000 in full payment.
20 Purchased supplies for $550; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $105.
30 Issued Check 1003 for $2,100 to Zappo, Inc., as payment on account for Invoice 8925.
30 Withdrew $3,000 in cash for personal expenses.
30 Issued Check 1004 for $4,500 to pay the rent for October.
30 Performed services for $11,325 in cash. 30 Paid $480 for monthly telephone bill, Check 1005.
Post the above transactions into the appropriate Ledger accounts.

Answers

Martin Consulting Service, posting transactions to the appropriate Ledger accounts are as follows:

Cash

Date      Account Titles           Debit      Credit

Sept. 1   Capital, Martin      $40,000

Sept. 16   Automobile                            $28,000

Sept. 20  Supplies                                        550

Sept. 23  Supplies                     105

Sept. 30 Accounts Payable (Zappo, Inc.) 2,100

Sept. 30 Drawings, Martin                        3,000

Sept. 30 Prepaid Rent                              4,500

Sept. 30 Service Revenue  11,325

Sept. 30 Utilities Expense                          480

Capital, Martin

Date      Account Titles           Debit      Credit

Sept. 1   Cash                                     $40,000

Office equipment

Date      Account Titles           Debit      Credit

Sept. 4 Accounts Payable

       (Zappo, Inc.)                 $4,350

Accounts Payable

Date      Account Titles           Debit      Credit

Sept. 4  Office equipment               $4,350

Sept. 30 Cash                      $2,100

Automobile

Date      Account Titles           Debit      Credit

Sept. 16  Cash                   $28,000

Supplies

Date      Account Titles           Debit      Credit

Sept. 20 Cash                        $550

Sept. 23 Cash                                         $105

 

Drawings

Date      Account Titles           Debit      Credit

Sept. 30 Cash                     $3,000

Prepaid Rent

Date      Account Titles           Debit      Credit

Sept. 30 Cash                     $4,500

Service Revenue

Date      Account Titles           Debit      Credit

Sept. 30 Cash                                     $11,325

Utilities Expense

Date      Account Titles           Debit      Credit

Sept. 30 Cash                         $480

Data Analysis:

Sept. 1 Cash $40,000 Capital, Martin $40,000

Sept. 4 Office equipment $4,350 Accounts Payable (Zappo, Inc.) $4,350

Sept. 16 Automobile $28,000 Cash $28,000

Sept. 20 Supplies $550 Cash $550

Sept. 23 Cash $105 Supplies $105

Sept. 30 Accounts Payable (Zappo, Inc.) $2,100 Cash $2,100

Sept. 30 Drawings, Martin $3,000 Cash $3,000

Sept. 30 Prepaid Rent $4,500 Cash $4,500

Sept. 30 Cash $11,325 Service Revenue $11,325

Sept. 30 Utilities Expense $480 Cash $480

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In People focus primarily on individual rights, roles, and achievements

Answers

People in __ focus primarily on individual rights, roles, and achievements
individualistic cultures

Rủi ro của các doanh nghiệp khi kinh doanh taxi công nghệ

Answers

Answer:

Pls translate in english

Explanation:

I dont understand im sorry

is D right?

Scarcity can be eliminated through
A) the use of market mechanisms.
B) exploration that helps us find new resources. C) wise use of our resources.
D) None of the above because scarcity cannot be eliminated.

Answers

Answer:

C

Explanation:

wise use of our resources

Answer:

Hello, There! I'll be Gald to help!

Question

Scarcity can be eliminated through

Answer

C is the Correct Answer

Explanation:

By Using Our resources Wisely We Would Not have scarity Because We are using them Wisely

Also

This reduces scarcity and gives us more satisfaction from our existing resources.

Therefore The Answer is option C.

Em relação as Fontes de Financiamento, analise as seguintes afirmações:
I - As disponibilidades de recursos são peça-chave na análise de liquidez, ou de solvência de negócios de grande porte.
II - Cabe ao gestor financeiro, a responsabilidade de sempre procurar manter a empresa sólida financeiramente e líquida o suficiente face aos enormes desafios que as economias modernas exigem.
III - Muitas vezes, a liquidez exigirá da Alta Administração que a empresa lance mão de fontes de financiamento de forma a financiar a sua atividade por meio de capital próprio.
É correto o que se afirma em:

a.
II, apenas.

b.
II e III, apenas.

c.
III, apenas.

d.
I e II, apenas.

e.
I, apenas.

Answers

Answer:

A resposta é b) II E III APENAS

Explanation:

_________ Refers procedures that connect to the work activities of the different work divisions or units of the firm in order to achieve its overall goal

Answers

Answer:

Organizing

Explanation:

Organizing involves coordinating and allocating a firm's resources so that the firm can carry out its plans and achieve its goals. This organizing, or structuring, process is accomplished by: Determining work activities and dividing up tasks (division of labor) Grouping jobs and employees (departmentalization

Financial Calculations

Let's go through a series of calculations for Frank's cookie business.

First, let's determine how much Gross Profit he makes on each batch of cookies.

One batch is 24 cookies.

Frank starts by selling cookies for $1 each.

It costs Frank $10 in materials to make one batch of cookies (sugar, butter, chocolate chips, packaging, etc.)

What is the gross profit per batch of cookies?

Answers

Answer:

$14

Explanation:

24 each batch minus 10 is total profit

Which of the following is NOT a factor of production?
A) mineral resources
B) money
C) a computer programmer
D) a commercial aircraft

is it c?​

Answers

Answer:

yes it is C.

Explanation:

you're welcome

It D a computer programmer

When presenting a business plan to a potential investor ,how does Dr Hornsby recommend handling any weaknesses you or your business may have

Answers

In order to handle weaknesses that a business may have, Dr. Hornsby stated that the person should be honest about the weaknesses.

According to Dr. Hornsby, the person should be honest about their weaknesses. He stated that one should be upfront to the potential investor and explain how the issue will be addressed.

He stated that it's the best way because someone can assist by figuring out how to deal with the threats and weaknesses. It should be noted that the longer one hides the problem, the worse it'll develop until the person can't handle the pressure.

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Lynx Inc. sells apparel merchandise to Dyson Inc. at a gross sales price of $980, credit terms 2/10, n/30 on July 10, 2020. Dyson pays for the merchandise in full on July 19, 2020.

Required:
Record the entries required on July 10, 2020, and July 19, 2020, for Lynx Inc. Assuming use of the gross method in accounting for credit sales. Omit the cost of goods sold entry.

Answers

Answer:

Explanation:

July 10

Dr. Accounts Receivable (98% of sales because of 2% discount)   960

Cr. Sales Revenue  960

July 19  

Dr. Cash   960

Cr. Accounts Receivable    960

 

This interview type is used to determine which applicants have the nu
next level of interviews.
a. Group interview
b. Performance interview
C. Stress interview
d. Screening interview
0 0
Please select the best answer from the choices provided
O A

Answers

D. screening interview

hope it helps

Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smartphones. Based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit. With annual overhead costs and operating expenses amounting to $145,000. Jamie expects a profit margin of 20 percent. This margin is 5 percent larger than that of her largest competitor, Apps, Inc.

Suppose that Jamie’s estimated selling price is lower than originally projected during the first year. How much revenue would she need in order to earn:

Positive accounting profits?

Positive economic profits

Answers

Answer:

Accounting costs = $145,000 (annual overhead costs and operating expenses)

Implicit cost = $75,000 (Value of Salary Given Up)

Opportunity cost = $220,000 (Accounting Costs + Implicit Costs)

Revenue needed to earn positive accounting profits = at least $145,000 (more than accounting costs)

Revenue needed to earn positive economic profits = at least $220,000 (more than opportunity cost)Explanation:

______________ is the amount an employee earns before payroll withholding is performed.
A.
Net pay
B.
Gross pay
C.
Taxable interest
D.
An estate


Please select the best answer from the choices provided

A
B
C
D

Answers

B. Gross Pay

Explanation: For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to net income, defined as the gross income min

 C and b both are right?

Which of the following
questions is a macroeconomic issue?

A) How many more pounds of cookies will a consumer purchase if the price of cookies decreases?
B) What effect would a cure for Mad Cow Disease have on the market for beef?
C) What is the future growth prospect for an economy?
D) How many workers should the owner of a business hire?​

Answers

Answer:

c and d is both right

Explanation:

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Variable expenses are defined as those that vary with changes in volume. Examples include

Answers

Answer:

Electricity

Explanation:

WHY 19/20? I think 19-20/(19+20)/2

Answers

Answer:

19-20÷(19+20)÷2=-1÷156

Explanation:

(19-20÷(19+20))÷2

(-1÷39)÷2

=-1÷156

Managerial accounting is different from financial accounting in that:

a. Managerial accounting is more focused on the organization as a whole, while financial accounting is more focused on projects, processes, and divisions of the organization.
b. Managerial accounting never includes nonmonetary information.
c. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.
d. Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors.
e. Managerial accounting is structured and controlled by GAAP.

Answers

Managerial Accounting is different from Financial Accounting in that c. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

The differences between Managerial Accounting and Financial Accounting do not arise because of Managerial accounting:

Focuses on the organization while financial accounting focuses on projects, etc.Never includes non-monetary information; it includes non-monetary information than financial accountingUsed by investors, while financial accounting is used by creditorsStructured and controlled by GAAP.

Thus, the difference between the two is that Financial accounting is structured and controlled by GAAP and used by investors and creditors.  Managerial accounting is not structured by GAAP and is used by management in decision-making.

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The following information is available for Water Inc. Date Units Unit Cost January 1, 2020 (beginning inventory) 100 $50.00 Purchases: January 10, 2020 75 52.00 January 15, 2020 150 52.50 January 30, 2020 100 55.00 The company maintains a periodic inventory system. A physical count shows 125 units in stock on January 31. What is (a) ending inventory on January 31, and (b) cost of goods sold for January, using the FIFO inventory method

Answers

Answer:

125 and $15,156.6

Explanation:

The end inventory us 125 units and thus 300 units were sold

Questions-
.............

Answers

Answer:

????

Explanation:

where the questions

How would you balance demands from different stake holders that are at
variance with each other?

Answers

Be sure that stakeholder requirements can be met in the objectives. ...
Prioritize requirements. ...
Resolve conflicts between stakeholder requirements. ...
Let the customer requirements take precedence. ...
Ask for Management Support.

Explain how the following transactions would affect U.S. net capital outflow. For each transaction, state whether it represents direct investment or portfolio investment.a.An American cellular phone company establishes an office in the Czech Republic.b.Harrods of London sells stock to the General Motors pension fund.c.Honda expands its factory in Marysville, Ohio.d.A Fidelity mutual fund sells its Volkswagen stock to a French investo

Answers

The transactions would affect U.S. net capital outflow in the following ways:

Foreign direct investment.Foreign portfolio investment.Foreign direct investmentForeign portfolio investment

An American cellular phone company that establishes an office in the Czech Republic is an increase in net capital flow and foreign direct investment.

Harrods of London sells stock to the General Motors pension fund is an increase in net capital flow and foreign portfolio investment.

Honda expands its factory in Marysville, Ohio is a decrease in net capital flow and foreign direct investment.

A Fidelity mutual fund sells its Volkswagen stock to a French investor is a decrease in net capital flow and foreign portfolio investment.

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Bramble Corp. is planning to sell 200 buckets and produce 880 buckets during March. Each bucket requires 100 grams of plastic and one-half hour of direct labor. Plastic costs $ 10 per 100 grams and employees of the company are paid $ 18 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Bramble has 1000 kilos of plastic in beginning inventory and wants to have 1000 kilos in ending inventory. How much is the total amount of budgeted direct labor for March

Answers

Similar to yours just watch solve. Hope it helps

5. MBO was first described by a. Henry Minzberg b. Henri Fayol. c. Fredrick W. Taylor. d. Peter Drucker.​

Answers

Answer:

MBO was first described by Peter Drucker.

Person above me is correct

what role do manager's play In the cooperative​

Answers

Answer

organizing, directing, coordinating, and controlling.

Explanation:

The manager is responsible for the overall operation of the cooperative, as delegated by the board, relating to the management functions of planning, organizing, directing, coordinating, and controlling.

I really hope it helped

Explain the difference between a public and private company ​

Answers

Answer:

a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.

Explanation:

P&G
Item
17
English
You were recently hired by the finance department. You have training and experience in finance, but you also have
an advanced degree in communications.
You enjoy both, but would love the opportunity to combine them together
at some point. During this week's team meeting, you hear of a project that you feel is directly applicable to your
unique experience and education. However, your supervisor assigned that project to a coworker and asked you to
work on a more conventional finance task.
What would you do?
Approach your coworker and offer your knowledge and experience. Let them know you are
willing to help them on the project if they wants it.
Approach your supervisor to let them know that you feel your skill set is more suited for the non-
conventional task and you are being underutilized on the finance task.
<
Complete your conventional finance task as quickly and accurately as you can. Then, ask If you
can be assigned to the other project.
Work on the project you were assigned. Recognize that your supervisor is likely trying to
familiarize you with the department by working on the finance task and you should trust their
guidance.
Talk to your supervisor and offer to work on both tasks. You don't mind putting in extra time to
do something you enjoy and you'll provide value to both projects.
Ann

Answers

The best thing to do in this case is to recognize that your supervisor is likely trying to familiarize you with the department by working on the finance task and you should trust their guidance.

It should be noted that in an organization, it's important for one to listen to one's supervisor. Therefore, the person should not approach the supervisor to let him know that his or her skill set is more suited for the non-conventional task.

The opinion of the supervisor should be respected. It's important to recognize that the supervisor wants to familiarize the employee with the department.

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In people focus primarily on individual rights, roles, and achievements

Answers

Answer: individual

Explanation:

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