Business, 07.04.2020 22:37 brittanysanders

Consider the market for socks. The current price of a pair of plain white socks is $5.00. Two consumers, Jeff and Samir, are willing to pay $7.25 and $9.00, respectively, for a pair of plain white socks. Two sock manufacturers are willing to sell plain white socks for as little as $3.00 and $3.15 per pair. What is the total producer AND consumer surplus (i. e., social welfare) in this market

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 14:30

John f. kennedy believed that a leader should be elected successful a lifelong student in the military

Answers: 3

Answer

Business, 21.06.2019 23:20

Which feature transfers a slide show into a word-processing document?

Answers: 2

Answer

Business, 22.06.2019 11:10

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

Answers: 2

Answer

Business, 22.06.2019 11:20

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?

Answers: 2

Answer

You know the right answer?

Consider the market for socks. The current price of a pair of plain white socks is $5.00. Two consum...

Questions