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ruslelena [56]
3 years ago
12

Sophie is willing to sell her used economics textbook for $30. Ruby is willing to pay $60 for the used economics textbook. Sophi

e and Ruby agree on a price of $45. The gains from trade for Sophie equals ______ and the gains from trade for Ruby equals _______.
a. $15
b. $15 $30
c. $60 $30
d. $0
Business
1 answer:
jekas [21]3 years ago
8 0

Answer:

a. $15 

Explanation:

The gains of trade of Sophie = price - willingness to sell

=$45 - $30 = $15

The gains of trade of Ruby = willingness to pay- price

$60 - $45 = $15

I hope my answer helps you

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Research shows that legal action is taken against fraud perpetrators in: Group of answer choices Almost all fraud cases. More th
vodomira [7]

Answer:

Less than half of fraud cases.

Explanation: Fraud is the intentional use of false or misleading information in an attempt to illegally deprive another person or entity of money, property, or legal rights. In order to constitute fraud, the party making the false statement must know or believe that it is untrue or incorrect and intended to deceive the other party.

5 0
3 years ago
In a perfectly competitive market, Multiple Choice all firms produce and sell a standardized or undifferentiated product. the ou
Umnica [9.8K]

Answer:

all firms produce and sell a standardized or undifferentiated product

Explanation:

A perfectly competitive market is a market in which there are many companies that offer the same product, there are not entry barriers which makes it easy for an organization to enter or exit the market. Also, the companies are not able to influence the market and they are not able to control the conditions in it. According to this, the answer is that in a perfectly competitive market, all firms produce and sell a standardized or undifferentiated product.

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3 years ago
On January 1, 2019, Oriole Company purchased the following two machines for use in its production process.
Zarrin [17]

Answer and Explanation:

The journal entries are shown below:

1  Equipment   $53,420

     To Cash  $53,420

(Being the equipment is purchased for cash is recorded)

The computation is given below:

= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost

= $49,500 + $3,650 + $100 + $60 + $110

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2. Depreciation expense $9,614

      To Accumulated Depreciation - Equipment  $9,614

(Being the depreciation expense is recorded)

The computation is shown below:

= ($53,420 - $5,350) ÷ ( 5 years)

= $9,614

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3 years ago
"when a profit-maximizing firm in a competitive market has zero economic profit, accounting profit"
Nonamiya [84]
"when a profit-maximizing firm in a competitive market has zero economic profit, accounting profit"

The answer is positive.

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An unexpected result is examined a lot more closely, since it must disagree with some currently accepted theory to be accepted as unexpected. If something is expected, we generally don't question it, although this is sometimes a tragic mistake and may cost a lot more for a person.

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