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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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Answer:

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3 years ago
Using the following year-end information for WorkFit calculate the acid-test ratio:
ASHA 777 [7]

Answer:

0.97

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= Quick assets ÷ current liabilities

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= ($58,110 + $14,000 + $58,000 + $5,600) ÷ ($108,000 + $31,900)

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7 0
2 years ago
Charlie's Chocolates' had stock issuances of $52,000 and dividends of $21,000. The company has revenues of $85,000 and expenses
cricket20 [7]

Answer: $20,000

Explanation:

Given that,

Charlie's Chocolates' had

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Net income is calculated by subtracting expenses from revenues.

Net income = Revenues - Expenses

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                   = $20,000

Charlie's Chocolates' net income is $20,000.

7 0
3 years ago
Some firms will​ ______ the​ market, and the market supply curve will shift​ ______.
torisob [31]

Answer: (D) enter; rightward

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3 0
3 years ago
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