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Roman55 [17]
3 years ago
6

Determine the amount of producer surplus generated in the following situation. So­Hee advertises her car for sale in the used­ca

r section of the student newspaper for $2,000, but she is willing to sell the car for any price higher than $1,500. The best offer she gets is $1,200, which she declines. The amount of So­Hee's producer surplus is _____.
Business
1 answer:
abruzzese [7]3 years ago
6 0

Answer:

The answer is: $0

Explanation:

Producer surplus is the difference between the maximum price a suppler is willing and able to sell its product and the price of the product.

SoHee was willing to sell her car for at least $1,500, but she wasn't able to do so since the fair market price is $1,200. So, producer surplus is $0.

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Taylor Company purchased a piece of equipment for $2,000 several years ago. It would cost $4,000 to replace that piece of equipm
Black_prince [1.1K]

Answer:

C. The equipment should be recorded at $2,000 in the accounting records because that was the exchange price.

Explanation:

The equipment should simply be recorded at $2,000. For example, if it was paid in cash, the journal entry would be:

Account                      Debit           Credit

Equipment                $2,000

Cash                                                $2,000

The fact that it would cost $4,000 to replace it does not mean that it will be replaced. It is only a hypothetical scenario that should not be recorded in the accounting journal, because it does not reflect economic reality.

6 0
3 years ago
Consider how you might use visual aids to explain each of the following:
Brrunno [24]

Answer:

There are various kinds of visual aids. Namely:

  1. PowerPoint Presentation
  2. Whiteboards
  3. Handouts
  4. Video clips
  5. Posters
  6. Product, objects or artifacts

Explanation:

a. How to stretch before and after excercise is best exemplified using video clips. The activity involves motion. Whiteboards or PowerPoint presentations or the others may attempt to describe how to bend over, however, a video tutorial showing what should be done needs little nor no explanation;

b. The proportion of the electorate that votes in major national elections in the United States, France, Germany, England, and Japan, respectively.

When it comes to comparing proportions, figures, numbers, statistics, PowerPoint presentations do more justice than any other visual aid listed above. It is equipped with a plethora of tools that help to express relationships between different kinds of data in a very clear and easy-to-understand manner.

c. Student Loans and where one can get them can be advertised using Handouts, and Posters as these are intended to reach more audiences by their very nature. Video clips work as well and even much more depending on where it is being published.

d. the wing patterns of various species of butterflies: Pictures arranged in sequence can be edited on to PowerPoint, WhiteBoard animation works excellently well too as it combines visuals with audio narrations in an animated format to explain what is being shown

e. Just in B, a decrease in the amount of money spent by public universities on arts since 2005 is an expression of the various relationships between factors and figures. The best visual aid for this is PowerPoint and Animated WhiteBoard

f. When it comes to demonstrating to a live audience how to do something complicated, video clips is the best visual aid that can be used

g. answer for f above applies to g as well.

Cheers

8 0
3 years ago
Which business information management career/job role enables you to run an independent consultancy?
gtnhenbr [62]

C. is the answer to this question

7 0
3 years ago
Read 2 more answers
Quality risk refers to the chance that: a.The project relies on developing new or untested technologies. b.The well-being of the
GrogVix [38]

Answer:

The answer is c.The firm's reputation may suffer when the product becomes available.

Explanation:

Quality risk are potential losses due to failure to meet set quality standards.

7 0
3 years ago
Suppose that the government decides to regulate this natural monopolist by requiring the firm to charge a price of P2. Which is
Natali5045456 [20]

If the government takes this approach, consumer surplus would increase.

A monopoly is when there is only one firm operating in an industry. A natural monopoly occurs when there is a high start-up cost associated with opening a business or a firm enjoys economies of scale.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good. As the price of a good declines, consumer surplus increases. P2 is lower than P1, this means that if price is regulated to P2, consumer surplus would increase.

Please find attached the graph required to answer this question. To learn more, please check: brainly.com/question/15415230

7 0
3 years ago
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