Answer:
C
Explanation:
Producer's surplus is the gain a producer gain by selling at market price instead of selling at the smallest price the producer was willing to sell.
Miranda was willing to tutor at $ 20 but the market price of tutoring was $ 30 therefore her producer surplus = 30 - 20 = $ 10 while for Jason the price he was willing to tutor was more than the market price and therefore he therefore has $ 0 producer surplus.
Switzer Inc. should give the value of the computers at what they are currently worth to replace. After the two years, they now cost $400 to replace them so the value Switzer Inc. should place on their year end report is $400 due to that being the cost to replace in current day.
Answer:
D
Explanation:
Marginal decisions involves considering the cost and benefit of taking a particular action. If the marginal benefit of taking a particular action exceeds the marginal cost, the activity should be undertaken
Answer:
$120,000
Explanation:
The computation of sales is shown below:-
For computing the sales revenue first we need to find out the selling price per unit which is here below:-
Selling price per unit = Sales ÷ Units
= $96,000 ÷ 16,000
= $6
Sales revenue when 20,000 units are sold = Selling price per unit × Number of units sold
= $6 × 20,000
= $120,000
Therefore for computing the sales revenue we simply applied the above formula.
