What is the consumer surplus

Assignment Help Business Economics
Reference no: EM132790019

A) If price suppliers are willing to accept $20 for the first bouquet of flowers and consumers are willing to pay $55. What is the consumer surplus

B) If price suppliers are willing to accept $25 for the second bouquet of flowers and consumers are willing to pay $50. What is the consumer surplus

C) If price suppliers are willing to accept $40 for the third bouquet of flowers and consumers are willing to pay $40.What is the consumer surplus.

Reference no: EM132790019

Questions Cloud

How voltaire uses contrast to challenge the assumptions : After reading Candide, write a paper comparing the optimistic philosophy of Pangloss with the pessimism of Martin. Explain how Voltaire uses this contrast.
Compute last year CM ratio and the break-even point in balls : Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year's sales level
Explain briefly the objective of each of audit procedures : Identify whether each of the procedures is primarily a test of control or a substantive test. Explain briefly the objective(s) of each of the audit procedures.
What risks factors exist in the family history : What risks factors exist in the family history? Why are these thought to be risk factors? (See Down Syndrome.)
What is the consumer surplus : A) If price suppliers are willing to accept $20 for the first bouquet of flowers and consumers are willing to pay $55. What is the consumer surplus
How does the theme relate to contemporary issues : Since titles often reflect theme, suggest a new title for Lysistrata that best reflects its theme. Then make an argument for your title based on what you take.
What total amount was charged to retained earnings : ABC Company declared property dividend, What total amount was charged to Retained Earnings pertaining to the property dividends declared?
What is the required rate of return : Question - A stock that pays a constant dividend of $8 currently sells for $38.97. What is the required rate of return
To what extent did yellow journalism lead to war with spain : To what extent did Yellow Journalism lead to war with Spain? What benefit did the newspaper owners gain from the war? How has journalism evolved since.

Reviews

Write a Review

Business Economics Questions & Answers

  What is the equilibrium quantity

What would be the equilibrium price?  What is the equilibrium quantity?

  Unit powerpoint presentation

Unit I PowerPoint Presentation As stated in the Unit I Lesson, the importance of an international trade can be roughly measured using a ratio called openness. Include no more than six abbreviated bulleted items for each slide in approximately 24-poin..

  Characteristics of the market structures

What are the characteristics of the 4 market structures (# of sellers, barriers to entry, pricing strategy, product differentiation, and examples of each)?

  Why is the growth of consumer spending considered

Why is the growth of consumer spending considered a positive factor for expansion of GDP even when personal saving is falling to a negative level? Are the long term and short term effects of a negative personal saving rate both favorable to economic ..

  Calculate and enter either the interest rate

Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $900.

  Firms technology that decreases its production costs

A change in a firm's technology that decreases its production costs will result in:

  Explain japan nightmare in regards to chronic deflation

-What are crucial factors and policies that could prevent Australia from repeating Japan's nightmare in regards to chronic deflation?

  Review the eye on your life caption

Participate in a discussion with your classmates regarding a student’s CPI. Review the “EYE on Your Life” caption titled, A Student’s CPI, on page 183 in the textbook. Now that we have learned that the CPI shopping cart is filled with the items that ..

  State department of interior

The state Department of Interior (DOI) must ensure the continued quality of the environment. The state Budget Department has informed the DOI

  Corporate board must run for election at each annual meeting

Some U.S. companies have 1-year terms for directors. The entire corporate board must run for election at each annual meeting. Other companies have 3-year terms; only a third of directors face votes at each meeting. A 2004 study found that the compani..

  Factory and manufacturing jobs that my family

Do you think that factory and manufacturing jobs that my family and probably many of yours once had to make a living (and not a zero-hour

  Natural unemployment rate

It is possible for an economy to operate for a time with an unemployment rate less that the "natural" unemployment rate. (Also known as NAIRU

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd