Bill has spent $300 for a video recorder. He would have been willing to pay $500. What
Question:
Bill has spent $300 for a video recorder. He would have been willing to pay $500. What is his consumer surplus?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
200 500 ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The economist Bryan Caplan recently found a pair of $10 arch supports that saved him from the pain of major foot surgery. As he stated on is blog (econlog.econlib.org), he would have been willing to...
-
Consider a patient (lets call her A) with end-stage renal disease, who has been on the waiting list for a kidney for several years. She has no family members with kidneys that are immunological...
-
Review the assumptions from the previous problem, and assume that it still costs 6 to produce a pack of cigarettes. a. Draw the private supply curve and the private demand curve in this market. What...
-
What is the importance of collecting and interpreting data and information about competitors? What practices should a firm use to gather competitor intelligence and why?
-
What does your strategic group map of this industry look like? Is Netflix well-positioned? Why or why not?
-
T received restricted stock in 2019 from his employer for services rendered. The restriction required T to remain employed for one additional year, otherwise the stock would be forfeited. T was...
-
E8.14. Losses from Put Options: Household International (Hard) Household International (acquired by HSBC in 2003 and now known as HSBC Finance Corporation) is one of the largest U.S. lenders to...
-
Skagway Co. has identified activity centers to which overhead costs are assigned. The cost pool amounts for these centers and their selected activity drivers for 2010 follow. The company's products...
-
help? eBook Calico Inc. purchased a patent on a new drug. The patent cost $24,000. The patent has a life of 25 years, but Calico only expects to be able to sell the drug for 20 years. A. Calculate...
-
Even if consumers could still consume the same goods they have been consuming, why will a change in relative prices cause them to change their consumption pattern?
-
Is the marginal utility of a candy bar greater to a poor person or a rich person?
-
1) Find the value of the angle X in each of the following diagrams: 2) Find the length x cm in each of the following diagrams: (a) (c) 70 60 80 70 X to (b) (d) 30 1x 60 21
-
Service provides commercial and industrial appraisals and feasibility studies. On January 1 , the assets and liabilities of the business were the following: Cash, \(\$ 8,700\); Accounts Receivable,...
-
Sketch the mapping of the value chain for: a A consulting firm b An airline c A trading firm d A corporate and investment bank e An internet-based platform (e.g. Airbnb, Netflix)?
-
Red River Banking Company has ten automatic i) AND teller machines (ATMs) spread throughout the city maintained by the ATM Department. You have been assigned the task of determining the cost of...
-
Super Day Spa provided \(\$ 120,000\) of services during 2012. All customers paid for the services with credit cards. Super submitted the credit card receipts to the credit card company immediately....
-
The following data represent the height of 26 statistics students as measured in inches: a. Create a frequency table for these data. b. Create a histogram for these data with an interval width of 1...
-
With a programmable calculator (or a computer), it is possible to evaluate the expressions for the sums of areas of approximating rectangles, even for large values of n, using looping. (On a TI use...
-
What are the six activities involved in the physical supply/distribution system?
-
Suppose that the United States currently both produces kumquats and imports them. The U.S. government then decides to restrict international trade in kumquats by imposing a quota that allows imports...
-
Suppose the government is considering imposing either a tariff or a quota on canned peaches. Assume that the proposed quota has the same effect on the U.S. price of canned peaches as the proposed...
-
The following graph shows the effect on consumer surplus, producer surplus, government tariff revenue, and economic surplus of a tariff of $1 per unit on imports of plastic combs into the United...
-
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
-
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
-
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...
Study smarter with the SolutionInn App