Shana decides to buy a pair of used ripped jeans for $90.00. She was willing to pay $110.00. When her friend Tanya sees the jeans, she loves them and thinks they are worth $200.00. So she offers Shana $140.00 for the jeans, and Shana accepts. Shana and Tanya are both thrilled with the exchange. The total surplus received by both Shana and Tanya is $ Part 2 (1 pt) Suppose that Shana purchased the jeans from Marie's Boutique. Marie and other boutique owners in town are upset that customers like Shana buy jeans at their stores, and then resell them for a higher price. Marie and the other owners convince the city government to pass a law preventing such resale. Assuming the law is successful, how much surplus is lost if Shana cannot sell the jeans to Tanya?

Answers

Answer 1

Total Surplus Received by Shana and Tanya Shana decided to buy used ripped jeans for $90.00 and she was willing to pay $110.00.

But then, Tanya offers Shana $140.00 for the jeans, and Shana accepts. Shana and Tanya are both thrilled with the exchange. Now, we have to find the total surplus received by both Shana and Tanya. The total surplus received by both Shana and Tanya can be calculated by subtracting the total price paid from the total price they were willing to pay.

The total price paid is $140.00 while the total price they were willing to pay is $110.00 + $200.00 = $310.00

Therefore, the Total surplus received by both Shana and Tanya = the Total price they were willing to pay - The total price paid= $310.00 - $140.00= $170.00 Therefore, the total surplus received by both Shana and Tanya is $170.00.

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Related Questions

Nathan is analyzing the demand for baseball bats that illuminate when they hit something. The managing director of his company has asked him
to understand the type of need that exists for such a product. What are the two types of needs that Nathan should consider?
Nathan should consider the
B and
needs that would exist for a self-illuminating baseball bat.
Reset
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Answers

Answer:

Isuzu trooper the intended addressee please notify the best of

What is a mixed market economic system?

Answers

A mixed economy is a system that combines aspects of capitalism and socialism.

A mixed economy protects private property and allows some economic freedom in the use of capital, but also allows the government to intervene in economic activity to achieve social ends. Producers and consumers make some economic decisions, and governments make others.

A mixed market or mixed economy incorporates the free market principles of capitalism to enable individual economic freedom but seeks to offset the negative effects to ensure or enhance social welfare. A mixed economy has three characteristics of a market economy that protects private property.

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which of the following is true of opinion leaders? multiple choice they are seen as important by firms but are ignored by consumers. they can influence what products and brands people buy. they are of little concern to marketing managers. they are from the highest social class. they are wealthier and better educated than other consumers

Answers

Second option is true of opinion leaders. They can influence what products and brands people buy. Opinion leaders are individuals who are seen as knowledgeable and influential in a particular area of interest.

They can influence the attitudes and behaviors of others. Opinion leaders are not necessarily the wealthiest, best-educated, or from the highest social class. However, they may have a wider reach than other individuals in their social network.They may have a more significant social network or be more involved in social activities. Because of their status, opinion leaders can influence what products and brands people buy, and they can provide recommendations that others may follow. For these reasons, opinion leaders are essential to marketing managers. They are not ignored by consumers, and they may be seen as more reliable sources of information than traditional advertising. Therefore, it is important for firms to identify and engage opinion leaders in their marketing strategies.

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What is the process of a lender taking back a product when the borrower stops making payments?

Answers

The answer is, Repossession occurs when a lender seizes your vehicle as a result of your default on the loan the vehicle is used to secure.

What does automobile repossession mean?

The loan company has the right to repossess your vehicle if you fall behind on your payments or don't have auto insurance. This is referred to as a vehicle repossession. If your car is repossessed, you must move fast to recover it.

What is the official term for a repossession?

Repossession is the act of a creditor, or an agent hired by a creditor, taking possession of a debtor's property that has been pledged as a security interest or collateral. When the debtor is in default and owes the creditor money, this occurs.

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according to the article, which of the following statements must be true regarding profit maximization in the short run? check all that apply.

Answers

The right response is A and C.

(A) If selling a positive number of tickets is lucrative for the airline, the amount where marginal revenue equals marginal cost maximizes profit,

(C) If total revenue exceeds total variable cost, the airline should sell a positive number of tickets.

What is Profit maximization?

Profit maximization in economics refers to the short- or long-term process through which a corporation chooses the price, input, and production levels that result in the largest profit. The company is typically modeled as maximizing profit in neoclassical economics, which is now the dominant approach to microeconomics.

Profit maximization is a desirable goal in business, but it may be detrimental to the customer if, for instance, lower-quality labor and materials are employed or if the company decides to charge more to complete tasks.

The complete question -

Profit maximization in economics refers to the short- or long-term process through which a corporation chooses the price, input, and production levels that result in the largest profit. The company is typically modeled as maximizing profit in neoclassical economics, which is now the dominant approach to microeconomics.

Profit maximization is a desirable goal in business, but it may be detrimental to the customer if, for instance, lower-quality labor and materials are employed or if the company decides to charge more to complete tasks.

"According to the article, which of the following statements must be true regarding profit maximization in the short run? Check all that apply.

A. If it is profitable for an airline to sell a positive quantity of tickets, the quantity where marginal revenue equals marginal cost is profit maximizing.

B. If fixed costs are large enough, the airline should cancel its flight.

C. If total revenue is greater than total variable costs, the airline should sell a positive quantity of tickets."

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Which change is illustrated by the shift taking place on this graph?

an increase in supply
a decrease in supply
an increase in demand
a decrease in demand

Which change is illustrated by the shift taking place on this graph?an increase in supplya decrease in

Answers

The change illustrated by the shift of the curve in the graph is a decrease in supply.

What is the supply curve?

The supply curve is curve that shows the relationship between price and quantity supplied. The supply curve is positively sloped. As price increases, quantity supplied increases.

What is a decrease in supply?

When there is a shift to the left, it means there is a decrease in supply. The factors that can lead to a decline in supply are:

decrease in the number of suppliersincrease in the price of inputs

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Answer:

b

Explanation:

a decrease in supply

NASA is conducting an experiment to find out the fraction of people who black out at G forces greater than 6. Step 1 of 2: Suppose a sample of 585 people is drawn. Of these people, 274 passed out at G forces greater than 6. Using the data, estimate the proportion of people who pass out at more than 6 Gs.

Answers

The proportion of people who pass out at more than 6 Gs is 0.468.

How to calculate the proportion of people?

The percentage of participants in this sample who pass out at G forces greater than 6 is calculated by dividing the number of participants who passed out by the sample size.

No. of people whose sample is drawn = 585

No. of people who passed out at G forces greater than 6 = 274

The proportion of people who pass out at more than 6 Gs = 274/585

                                                                                                  = 0.468

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only old people who needs to know about Social Security

Answers

Answer:

No

Explanation:

Answer:

Explanation:

Falsemundo

Stakeholders and their influence- Who are the stakeholders of your business? How do these stakeholders influence your business? for a pharmacy business

Answers

Answer:

The stakeholders of a pharmacy business include:

Customers: They are the primary stakeholders of the business. They influence the business by determining the demand for the products and services offered by the pharmacy.

Employees: They are responsible for the day-to-day operations of the business. They influence the business by their level of productivity, job satisfaction, and employee retention.

Suppliers: They supply the products and services needed to run the business. They influence the business by their ability to deliver products and services on time and at a reasonable cost.

Shareholders: They own the business and have a vested interest in its financial performance. They influence the business by providing capital and by making decisions about the direction of the business.

Government: They regulate and oversee the pharmacy industry. They influence the business by imposing regulations and laws that the pharmacy must comply with.

Competitors: They also influence the business by determining the level of competition and the prices of products and services in the market.

Community: The community in which the pharmacy is located also influences the business through public opinion and support.

Health Care Providers: They play a vital role in the pharmacy business as they prescribe the medications and influence the demand of the products and services offered by the pharmacy.

Stakeholders influence the pharmacy business by making decisions, providing support, creating competition, and setting regulations. A pharmacy must take into account the interests and needs of all of its stakeholders in order to be successful in the long term.

Explanation:

write on perfect competition​

Answers

Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information, no transaction costs, where there are a large number of producers and consumers competing with one another. Perfect competition is theoretically the opposite of a monopolistic market. lol

In 2018, country a exports $84.9 billion and imported products valued at $74.69 billion. the difference between the dollar value of its exports and imports represents a:_____.

Answers

In 2018, country a exports $84.9 billion and imported products valued at $74.69 billion. The difference between the dollar value of its exports and imports represents a Trade Surplus.

A trade surplus is an economic indicator which indicates a favorable trade balance when a nation's exports are more than its imports.

It is calculated as : Total value of Exports minus Total value of Imports.

When the outcome of the computation which is done  above is positive, there is a trade surplus. A trade surplus is the result of a net local money inflow from the  international markets.

It takes place when the outcome of the aforementioned computation is negative and is the opposite of a trade surplus, then it will denote a net inflow.

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What is secondary consumer definition ?

Answers

Secondary consumer is a person or group that does not directly consume a product or service, but influences the purchasing decisions of the primary consumer.

For example, a parent may be a primary consumer of a toy for their child, but the child's preferences and opinions may be influential in the purchasing decision. In this case, the child would be considered a secondary consumer.

Similarly, in business-to-business (B2B) marketing, a company's employees, partners, or suppliers may be considered secondary consumers if they influence the purchasing decisions of the primary consumer, which is typically the company itself.

Identifying and understanding the needs and preferences of secondary consumers can be an important aspect of marketing and business strategy, as their influence can play a significant role in the success or failure of a product or service.

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A basic concept in economics is that all resources are
O scarce.
• allocated.
valuable.
O renewable.

Answers

A basic concept in economics is that all resources are scarce. Thus, option a. is the correct answer.

Explain about the basic concept about the economics.

Every person's life includes doing economics on a regular basis in addition to studying it. It serves as a means of balancing the inputs and outputs of money. Whatever it is, one should prepare before the month or count at the end of the month or year, whether it is a small family, a large family, a small commercial enterprise, or a giant organisation. Economics seeks to strike a balance between the unending demands and the finite resources.

After saying this, we'll start talking about the topic of "economics." The pupils who are just beginning their studies in commerce in class XI will find this subject extremely interesting. In essence

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Answer:

Option A  scarce

Explanation:

What is excitatory postsynaptic potential?

Answers

Excitatory postsynaptic potential (EPSP) is a type of electrical change that occurs in the membrane of a neuron following the arrival of an action potential at the synapse. It is called "excitatory" because it makes the neuron more likely to fire an action potential.

When an action potential reaches the synapse, it causes the release of neurotransmitters, which then bind to receptors on the postsynaptic neuron. This binding can cause a change in the electrical potential across the membrane of the postsynaptic neuron. Specifically, it causes an influx of positively charged ions (such as sodium or calcium) into the neuron, which results in a depolarization of the membrane potential.

If the depolarization is large enough, it can reach the threshold potential, and an action potential will be generated. This is known as an "excitatory" postsynaptic potential, because it increases the likelihood that an action potential will be generated.

EPSPs are one of the ways that information is transmitted between neurons in the nervous system. They are often mediated by neurotransmitters such as glutamate or aspartate and play a role in the communication between neurons, allowing them to integrate and process information and generate appropriate responses.

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define ecommerce in business with example​

Answers

Answer:

See below

Explanation:

eCommerce refers to business transactions conducted via internment. eCommerce is the short form of electronic commerce. It is the selling and buying of products and services through the internet platform. eCommerce includes other commercial transactions conducted online such as online/internet banking, online money transfers, online auctions, ticketing, and payments.

An example of eCommerce is the online retail stores where shoppers pick and select merchandise on the retail store's website and pay online. The retail store then organizes for the items to be delivered to the customer's premises.

Suppose the interest rate is 8.5% APR with monthly compounding. What is the present value of an annuity that pays $103 every 6 months for 6 ​years?

A) The 6 month effective interest rate is
B) The present value is

Answers

A) The 6-month effective interest rate is 0.0692 or 6.92%.

B) The present value is $610.95.

A) The 6-month effective interest rate is calculated using the formula:

Effective Interest Rate = (1 + Annual Interest Rate / Number of Compounding Periods)^(Number of Compounding Periods) - 1

In this case, the annual interest rate is 8.5% and there are 12 compounding periods in a year (monthly compounding). Plugging in these values:

Effective Interest Rate = \((1 + 0.085 / 12)^{(12)} - 1\)

Calculating the effective interest rate, we find that the 6-month effective interest rate is approximately 0.0692 or 6.92%.

B) The present value can be calculated using the formula:

Present Value = Payment Amount * [(1 - (1 + Interest Rate)^(-Number of Payments)) / Interest Rate]

In this case, the payment amount is $103, the number of payments is 6 payments per year for 6 years, and the interest rate is the 6-month effective interest rate calculated in part A.

Plugging in these values, we can calculate the present value of the annuity:

Present Value = \($103 * [(1 - (1 + 0.0692)^{(-6*2))} / 0.0692]\)

Solving this equation, the present value of the annuity is approximately $610.95.

Therefore, the 6-month effective interest rate is approximately 6.92%, and the present value of the annuity is approximately $610.95.

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What are wholesalers​

Answers

Answer:

Wholesaler is a company that earns money by buying large quantities of goods then selling in bulk to smaller businesses.

Hope this help :)

Answer:

Wholesalers are companies or businesses that buy large quantities of products from other companies, then resell the products in bulk or individually.

Explanation:

Examples; Costco Wholesale & Sam's Club

Which group tried to learn American Indian languages and customs?


What programs are always running when your computer is turned on? Enter the names of the programs in the space provided.

Answers

Answer:

The French

Explanation:

Edge babyyyyy

How is a person counted as unemployed ?

How is a person counted as unemployed ?

Answers

The person must have worked within last six months or have been injured on the job.

What is a disadvantage of using a checking account instead of other types of
accounts?
A. You will likely not have federal protection for your money.
B. You will pay a fee if you make too many transactions.
C. You will generally not receive interest.
D. You will pay a penalty if you withdraw your money.

Answers

B. You will pay fee if you make to many transactions.

Answer:

you will generally not receive interest

Explanation:

took the quiz

Every company and supply chain faces the challenge of the tragedy of the commons as it operates in a global environment. They must:a.compete against others who may be extracting benefits from resource commons without spending to maintain these commons.b.compete in a market in which customers often value low cost and are not willing to pay for a more sustainable solution.c.bear the entire negative utility (−1) while the commons share all the positive utility (+1).d.(a) and (b) only.e.None of the above.

Answers

The challenge of the tragedy of the commons is a long-standing issue that affects every company and supply chain operating in a global environment.

This challenge arises from the fact that companies have to compete against others who may be extracting benefits from resource commons without spending to maintain these commons.

This situation creates an unfair advantage for some companies, which can lead to a depletion of resources and negative environmental impacts.
Moreover, companies must also compete in a market in which customers often value low costs and are not willing to pay for a more sustainable solution.

This creates a dilemma for companies that want to prioritize sustainability and invest in environmentally-friendly practices, but are constrained by the market's demand for low cost.

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what is the value of the put using the risk-neutral shortcut? (do not round intermediate calculations. round your answer to 3 decimal places.)

Answers

The value of the put using the risk-neutral shortcut is $4.23.


The risk-neutral probabilities are calculated as the probability of an up move (u) divided by the probability of a down move (d), where u and d are determined from the stock price tree. In this case, the up move is 1.20 and the down move is 0.90, so:
Risk-neutral probability of up move = (1 - 0.50) / (1.20 - 0.90) = 0.333
Risk-neutral probability of down move = 1 - 0.333 = 0.667
Expected future stock price = (0.333 * 1.20 + 0.667 * 0.90) * 100 = $105.60

The put option gives the holder the right to sell the stock at the strike price, which is $110. If the stock price is less than the strike price, the put option has intrinsic value equal to the difference between the strike price and the stock price. If the stock price is greater than the strike price, the put option has no intrinsic value. In this case, the expected future stock price is less than the strike price, so the intrinsic value of the put option is:
Intrinsic value of put option = $110 - $105.60 = $4.40

3. Calculate the present value of the intrinsic value of the put option using the risk-free interest rate. The risk-free interest rate is 4%. We use the present value formula:
Present value of intrinsic value of put option = $4.40 / (1 + 0.04) = $4.23
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a manufacturer of toys is employing fifty workers and using fifteen pieces of equipment to assemble toys. currently, the marginal product of labor is $5 and the marginal product of capital is $25. assuming the market prices for labor and capital are $12 and $20 respectively, answer the following: a) is this firm maximizing its profit? b) what should this firm do with respect to its employees and its use of equipment?

Answers

If we assume the market price for labor and capital as $12 and $20, then

(a) No, the firm is not maximizing its profit.

(b) To maximize its profit, the firm should reduce the number of workers and increase the number of equipment used.

Part(a) : To determine whether the firm is maximizing its profit, we need to compare the ratio of the marginal product of labor(MPL) to the wage rate with the ratio of the marginal product of capital(MPK) to the rental rate:

⇒ MPL / wage rate = $5 / $12 = 0.42

⇒ MPK / rental rate = $25 / $20 = 1.25

We see that the current ratio of MPL to the wage rate is less than the ratio of MPK to the rental rate, which indicates that the firm is not currently using the optimal combination of labor and capital.

So, The firm is not maximizing its profit.

Part(b) : We can see that from part(a), that the marginal product of capital is higher than the marginal product of labor, the firm should use more capital and less labor to maximize its profit.

Therefore, the number of workers should be reduced and number of equipment's used should be increased.

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list and explain 10 problems of product distribution​

Answers

Problems with the supply chain, such as delays in shipping, transportation, and logistics, can make it more difficult to distribute products. Stockouts, overstocking, and higher expenses can result from supply chain interruptions.

Infrastructure issues, such as inadequate transportation networks, a lack of storage facilities, or restricted market access, can make it more difficult to supply chains. Regulations governing safety standards, import laws, and labeling requirements, among others, can make it difficult for products to be distributed. If these rules are not followed, there may be legal repercussions and distribution problems.

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While producing on the production possibilities frontier, if additional units of a good could be produced at a constant opportunity cost, the production possibilities frontier would be

Answers

Answer:

a straight line

Explanation:

The Production possibilities frontier is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

If opportunity cost was constant, there would be no trade off between goods, so the curve would be a straight line

Which functionality would you include in the product category of the marketing mix?

Answers

In the marketing mix, product is one of the core components, alongside price, promotion, and place.

What is marketing mix?

The marketing mix is a framework that helps businesses to develop a strategic approach to marketing by focusing on four key elements: product, price, promotion, and place. Product refers to the actual goods or services that a business offers, while price refers to the amount customers pay for those offerings. Promotion encompasses all of the activities a business uses to market its products, including advertising, sales promotions, and public relations. Place refers to the distribution channels through which a business sells its products, such as physical stores or online marketplaces. By considering each of these elements and how they interact with one another, businesses can create effective marketing strategies that meet the needs of their target customers and drive sales.

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why is putting even a small amount into savings from every paycheck a smart money habit?

Answers

Putting even a small amount into savings from every paycheck is a smart money habit because it helps build an emergency fund, allows you to work towards financial goals, and takes advantage of compound interest. By consistently saving, you can improve your financial security and achieve long-term financial success.


1. Building an emergency fund: By consistently saving a portion of your paycheck, you can gradually build an emergency fund. This fund serves as a financial safety net in case of unexpected expenses, such as medical bills or car repairs. Having an emergency fund can prevent you from going into debt or relying on high-interest loans.

2. Achieving financial goals: Regularly saving a small amount from each paycheck allows you to work towards your financial goals. Whether it's saving for a down payment on a house, paying for education, or taking a dream vacation, these goals require consistent effort. By saving consistently, you can make progress towards these goals without feeling overwhelmed by large lump-sum contributions.

3. Accumulating compound interest: Savings accounts often earn interest, and even a small amount saved regularly can accumulate over time. This is because of compound interest, where the interest earned is added to the initial amount, creating a snowball effect. Over the long term, this can significantly increase your savings.

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1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.

Answers

Answer:

3

Explanation:

It has to be this one because it is intial payment to help someone.

the term disintermediation refers to: multiple choice the policy of not closing insolvent institutions in hopes that they can eventually turn around their performance. the withdrawal of deposits from depository institutions that are reinvested in other types of intermediaries. the policy of regulating the minimum rate of return institutions can pay on deposits. chartering restrictions that limit the ability of new banks to enter into a local market. the policy of not allowing banks to grow by creating a de novo branch outside their traditional market area.

Answers

Disintermediation is the process of withdrawing funds from depository institutions and reinvesting them in different kinds of intermediaries.

Depository intermediaries: what are they?

Customers make deposits with depository intermediaries, who then use the funds for business operations. Even while these organizations may have other sources of income, managing deposits, earning interest from them, and making loans based on those deposits are what they do best.

Which 3 categories of depository institutions exist?

In the United States, there are three main categories of depository institutions. These include credit unions, commercial banks, and thrifts (which also include savings and loan associations and savings banks).

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

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