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sergiy2304 [10]
3 years ago
13

Refer to the table. what is the total amount of producer surplus (per barrel of oil) earned by all four producers if the market

price per barrel of oil is $51?
Business
2 answers:
bazaltina [42]3 years ago
8 0

Answer:

81.76

Explanation:

Producer surplus is the difference between the price a producer received for a goods or service minus the price he is willing to sell.

If A willing price is 32

B willing price is 1600

C willing price is 17.25

D willing price is 56.99

Producer surplus is market price minus willing price

A 51 - 32 = 19

B. 51 - 16.00 = 35

C 51 - 17.25 = 33.75

D. 51 - 56.99 = - 5.99

Sum all the producer surplus together

19 + 35 + 33.75 + -5.99

=81.76

PolarNik [594]3 years ago
4 0
Hello! Sorry this is a little late.

I believe the correct answer to your question is $87.75.

I hope this helps, and have a great rest of your day!
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Answer:

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Required: Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Acc
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Answer:

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8 0
3 years ago
Warehouses sometimes perform certain other functions besides storing goods. Which of the fo typically one of those functions?
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Answer:

A) purchasing

Explanation:

THIS IS THE COMPLETE QUESTION

Warehouses sometimes perform certain other functions besides storing goods. Which of the following is NOT typically one of those functions?

a. purchasing

b. postponement

c. break-bulk activities

d. consolidation point

e. cross-docking

warehouse can be regarded as a commercial building used in storing of goods. Warehouses are been utilized by manufacturers as well as importers and exporters and also wholesalers. There are different types of warehouse such as private, public warehouse. It helps in storage of both raw material as well as finished goods.

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8 0
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The following present value factors are provided for use in this problem.
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See Attachment for calculation done.

7 0
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