What is consumer surplus? How is it illustrated on a demand and supply diagram?
Question:
What is consumer surplus? How is it illustrated on a demand and supply diagram?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Consumer surplus is an economic concept that represents the benefit or surplus satisfaction that con...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Wallace and Brace CPA assign a partner to screen and recommend (or decline) potential clients prior to acceptance. Discuss at least 4 specific issues which should have been considered prior to...
-
What is total surplus? How is it illustrated on a demand and supply diagram?
-
What is producer surplus? How is it illustrated on a demand and supply diagram?
-
The regression of the X and Y equation is Y = 48.32 -2.105X, What is the slope of the data.
-
The Employee Polygraph Protection Act passed by Congress made it difficult to use polygraphs in fraud investigations. Currently, 11 conditions must be met in order for polygraph tests to be used....
-
Figure is a level 1 data flow diagram of data movement in a Niagara Falls tour agency called Marilyns Tours. Read it over, checking for any inaccuracies. a. List and number the errors that you have...
-
Apply the Generally Accepted Accounting Principles (GAAP) AppendixLO1
-
Grenfell Company is preparing a cash budge for 2010 for purchases of Calvos. Budgeted data are as follows: Cost of goods sold for the year 2010 ......... $600,000 Accounts payable, 1/1/10...
-
Crane Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion CRANE COMPANY BALANCE SHEET FOR THE...
-
What is the relationship between total surplus and economic efficiency?
-
How does a price floor set above the equilibrium level affect quantity demanded and quantity supplied?
-
Melissa Corporation is domiciled in Germany and is listed on both the Frankfurt and New York Stock Exchanges. Melissa has chosen to prepare consolidated financial statements in accordance with U.S....
-
Find the unknown angle measures. 49 60 Drawing is not to scale. I = y = In S
-
Q5 For this question, use data from only restaurants with between 50 and 60 items in the data set. Predict total fat from cholesterol, total carbs, vitamin a, and restaurant. Remove any...
-
A meteorologist believes that there is a relationship between the daily mean windspeed, w kn, and the daily mean temperature, t C. A random sample of 9 consecutive days is taken from past records...
-
Suppose k(x) = f(g(h(x))). Given the table of values below, determine k' (1). g(x) h(x) f'(x) g'(x) h'(x) x f(x) 1 -6 -3 3 6 -6 -6 3 -3 4 1 -7 -2 5 4 -2 7 3 1 -7 -8
-
In a research study women with metastatic stomach cancer responded to the Symptom Distress Scale and the Profile of Mood States. A correlation coefficient was reported: r = 0.5, p = 0.03. How would...
-
In Problems 1-2, find the indicated derivative. 1. a. d/dx 2x3 b. d/dx 5x3 c. d/dx kx3 d. d/dx ax3 2. a. d/dx sin 2x b. d/dx sin 17t c. d/dt sin at d. d/dt sin bt
-
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cashflows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit...
-
What is social entrepreneurship and how is it related to the bottom of the pyramid (BOP)?
-
What are some of the major advantages and disadvantages of being a first mover?
-
Describe the four components of a feasibility analysis.
-
35 points Suppose today is December 31, 2021, and 2021 has just ended; you have the sales revenue for 2021 and have forecasted the sales revenue for the next four years. Terrapin Industries has 75...
-
Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several...
-
Question 6 Incorrect Mark 0 . 0 0 out of 3 . 0 0 Flag question Cost - Volume - Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent...
Study smarter with the SolutionInn App