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ahrayia [7]
3 years ago
12

If Smith earns $100,000 in surplus value when he sells oranges at the market and if the total surplus value created by trade is

split 25-75 between seller and buyer in each transaction, then how much surplus value do consumers who buy oranges from Smith receive in the market?
Business
1 answer:
JulsSmile [24]3 years ago
6 0

Answer:

how much surplus value do consumers who buy oranges from Smith receive in the market?

$300000

Explanation:

Smith earns $100000        25% seller

                $300000 75% buyer

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