History Bookmarks Window Help 7 of 552 > M Sign In | Connect | McGraw Hill CHECKPOINT What is a benefit to the retailer of accepting credit and debit cards? Quick Study questions: QS 7-14, QS 7-15 ginning-of-month balance of the depositor's account. eques and other debits decreasing the account during the month. posits and other credits increasing the account during the month. -of-month balance of the depositor's account. E D IK STATEMENT once a month, the bank sends the depositor a bank statement showing the activity in the accounts during the month; a company access its banking activity online at any time. Different banks use a variety of formats for their bank statements; however, they all he following information: JUN 6 20 F3 ation reported on the bank statement reflects the bank's records of the activity in the bank account during the reported month. 7.6 shows an example bank statement for MovieFlix Company. C $ 44 R F O F4 Member CDIC Movie Flix Company 901 Main Street Hamilton, ON L8P 218 V 07 d % 5 T prod.reader-ui.prod.mheducation.com tv F5 G

K STATEMENT a) If the salon charges a single price of $15, what will its total dally revenue be? Total daily revenue: b. b) Suppose, instead, that the salon practises price discrimination and now charpes $2 for haitcuts to regulas tat onty 5 th to retirees and economics instructors. What will its new total daily revenue be? New total dally revenue: $ c) What is the value of consumer surplus that the saion has captured as o resuit of price discriminating? Consumer surplus $ respectively. The prices of the snacks are $160,$0,90, and $130, respectivety? a. Cafculate the MU per dollar spent for each of the three products. Potato chips: Cheese whiris: Nacho chips: b. If Erika.can afford to buy only one packet, which should she buy