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Scrat [10]
3 years ago
5

Producer surplus equals a. Value to buyers - Costs of sellers. b. Amount received by sellers - Costs of sellers. c. Value to buy

ers - Amount paid by buyers + Amount received by sellers - Costs of sellers. d. Value to buyers - Amount paid by buyers.
Business
1 answer:
aev [14]3 years ago
5 0

Answer:

Amount received by sellers - Costs of sellers. 

Explanation:

Producer surplus is the difference between the price of a good and the cost to sellers. It is the difference between price and the least amount sellers would be willing to sell their products.

Consumer surplus is the difference between the price at which the consumer values the good and the price of the good.

Consumer surplus = Value to buyers - Amount paid by buyers.

I hope my answer helps you

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Answer:

The correct answer is:

Expenditures—2017 in the amount of $200. (C.)

Explanation:

This scenario describes a record that was less than the actual amount spent on the General Fund supplies. The amount recorded was $2,000, meanwhile the actual amount spent was $2,000. This entails that an amount worth $200 was not recorded, hence it will be debited as expenditures, but the question now is where the debit will be recorded?

This review was done in January 2017, meaning that the income statement for the 2016 Fiscal year must have been balanced, hence the amount will be an expenditure recorded in 2017, but the particulars will have a description that it was a carried over expenditure from 2016. Therefore $200 will be debited from 2017 as expenditures.

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3 years ago
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Answer:

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8 0
3 years ago
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Answer:

Explanation:

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I hope my answer helps you.

5 0
3 years ago
Conversion cost is the sum of a.selling cost and administrative costs. b.product costs and period costs. c.direct labor cost and
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Explanation:

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