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GrogVix [38]
3 years ago
11

Graphically, producer surplus is measured as the area rev: 05_10_2018 Multiple Choice

Business
1 answer:
Marianna [84]3 years ago
8 0

Answer:

The correct answer is option A.

Explanation:

Producer surplus can be defined as the difference between the price that the sellers are willing to accept and the actual price the get for the product.  

Graphically representing, it is the area above the supply curve and below the actual price. This area indicates the total benefit that the producer is earning by supplying the product at actual price.  

Producer surplus acts as a measure of producer welfare and is equal to the difference between total revenue earned and the total cost incurred in the production process.

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Metlock, Inc. sells merchandise on account for $2000 to Morton Company with credit terms of 2/8, n/30. Morton Company returns $6
Hatshy [7]

Explanation:

The journal entry is shown below:

Cash A/c Dr $1,372

Sales Returns and Allowances A/c Dr $600

Sales Discounts A/c Dr $28

               To Accounts Receivable A/c $2,000  

(Being the cash is received)

The computation is shown below:

For sales discount

= (Sales value of merchandise - returned goods) × discount rate

= ($2,000 - $600) × 2%

= $28

And, the remaining balance is debited to the cash account

   

6 0
3 years ago
There is often only one major league baseball team in a city. What is the consequence of this in terms of ticket prices? a. Tick
Papessa [141]

Answer:

b. Ticket prices will be higher because each team is a monopoly in the city. 

Explanation:

A monopoly is when there is only one firm operating in an industry. Monopoly usually have market power. They have the ability to set market prices. They usually earn economic profit in the long and short run.

Monopolies are not faced with any competition because they are the only firms operating in an industry.

Because there are usually only one major league in each town, the teams are monopolies, they have the ability to set high prices and do not face competition.

I hope my answer helps you

8 0
4 years ago
Suppose Larry would like to invest $6,000 of his savings. One way of investing is to purchase stock or bonds from a private comp
Zina [86]

Answer:

The answers are:

  1. equity
  2. claim to partial ownership
  3. bondholders

Explanation:

Equity financing: refers to the process of raising money by selling company's shares or stock.  

Claim to partial ownership: when an individual or business buys a share from another company, it becomes a partial owner.

Bondholders: refers to individuals or companies that own bonds issued by a private company or by a government entity.

7 0
4 years ago
Marilyn Simms died with a $200,000 life insurance policy. Her husband, Jack, is the primary beneficiary, and their children, Mim
marysya [2.9K]

Answer:

A) $200,000 to Jack

Explanation:

Jack is the primary beneficiary to his late wife's life insurance policy and since he is still alive, so he should get the whole $200,000.

His daughters, Mimi and Ann, are the contingent beneficiaries. That means that in case Jack had died before his wife or he was incapacitated for some reason, then they would have become the beneficiaries of the insurance policy (and each would have received $100,000).

8 0
3 years ago
The Rose Co. has earnings of $1.40 per share. The benchmark PE for the company is 15. What stock price would you consider approp
77julia77 [94]

Answer:

$21

Explanation:

The earning per share of Rose Co. is $1.40

The benchmark PE of the organization is 15

We are required to find which stock price would be most appropriate

Therefore, the stock price can be calculated as follows

Stock price= Benchmark PE×Earning per share

= $1.40×15

= $21

Hence the stock price that would be considered appropriate is $21

5 0
4 years ago
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