Business, 16.07.2019 07:00, dhernandez081

On a shopping trip, melanie decided to buy a light blue coat made from woven fabric. a tag on the coat stated that the price was $79.95. when she brought the coat to the store's sales clerk, melanie was told that the coat was on sale, and she would pay 20 percent less than the price on the tag. after the discount was applied, melanie paid $63.96, $15.99 less than the original price. the value of melanie's consumer surplus from this purchase is a. $79.95 since this is the price she is willing to pay. b. $63.96 since this is the actual price she pays. c. at least $15.99 since this is the difference between the price melanie is willing to pay for the coat and the actual price she pays, but she could have be willing to pay more than $79.95 for the coat. d. exactly $15.99 since this is the difference between the maximum price melanie is willing to pay for the coat and the actual price she pays.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, ROBIOX3551

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Answers: 3

continue

Business, 22.06.2019 00:00, jboii11

Choose the list of the best uses for word processing software. lists, resumes, writing a book, and payroll data letters to your friends, resumes, spreadsheets, and school papers resumes, cover letters, databases, and crossword puzzles book reports, letters to your friends, resumes, and contracts

Answers: 2

continue

Business, 22.06.2019 01:50, Kana81

You are an employee of an u. s. firm that produces personal computers in thailand and then exports them to the united states and other countries for sale. the personal computers were originally produced in thailand to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at that time were malaysia and hong kong. the u. s. government decides to impose punitive 100% ad valorem tariffs on imports of computers from thailand to punish the country for administrative trade barriers that restrict u. s. exports to thailand. how do you think your firm should respond? what does this tell you about the use of targeted trade barriers?

Answers: 3

continue

Business, 22.06.2019 20:30, anilauferc

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase

Answers: 3

continue

Do you know the correct answer?

On a shopping trip, melanie decided to buy a light blue coat made from woven fabric. a tag on the co...