Consider the effect on the consumer as you read these two scenarios, and then answer the question that follows.

scenario 1
derek goes to the corner grocery store to pick up carrots for a salad. he notices that this store has nearly doubled its price for carrots. not willing to pay that much, he gets into his car and drives to the grocery store farther away. he finds the exact same type of carrots there at the price he was expecting. happy, he buys them and returns home.

scenario 2
melissa plans to buy a new computer. she’s seen commercials for a new model that has many innovative features that will be to her in college. she’s excited to buy this computer, but she thinks the price is high. she goes to many stores and searches online to find another computer for a cheaper price without success. realizing that the computer is the only one with all the features she wants, she purchases it.

what is the relationship between competition and consumer action in these situations?

In a sumif conditional function, what should be the order of terms in the parentheses?

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Table 1. shows the expected demand for the dvd at different suggested donation levels, and they can act as a single-price monopolist if they choose to. thereceipts will be used to fund gstcg supplies for their data collection and conservation work. at the end of each sea turtle nesting season, any excess funds are donated by the gstcg to a local non-profit sea turtle research and rehabilitation facility. table 1 suggested anticipated total marginal profit donation per number of dvd revenue revenue dvd request requests $19.00 0 $15.00 2 $9.50 4 $7.75 10 $3.00 15 $0.00 20 a. complete table 1 by computing the total revenue, marginal revenue, and profit columns. b. the president wants the gstcg to provide videos to generate the most possible donations (total revenue). what price, if any, is the president of the gstcg favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. c. the education outreach committee wants the gstcg to provide videos to the highest possible number of people. what price, if any, is the educational outreach committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. d. the treasurer of the gstcg wants the dvd program to be as efficient as possible so that the marginal revenue equals marginal cost. what price, if any, is the treasurer favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. e. the fundraising committee wants the dvd program to generate as much profit in donations as possible. what price, if any, is the fundraising committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer.