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lina2011 [118]
3 years ago
11

If the sellers bid against each other for the right to sell the good to a consumer, then the producer surplus will be $0 or slig

htly more. $50 or slightly less. $150 or slightly less. $200 or slightly more.
Business
1 answer:
erica [24]3 years ago
4 0

Answer:

$50 or slightly less

Explanation:

If we assume that there is four persons namely E, S, A and K

The producer surplus is the surplus that shows the difference between the seller value and the seller cost

In the case when the seller bid against each other so here the producer surplus would be $100 or slightly less

Here only one person could able to send the good i.e. person E As the cost to the person would be lowered by the goods value

Therefore the option B is correct

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3 years ago
Which of the following helped fuel economic growth by encouraging people to buy American goods? monopolies patents protective ta
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Answer:  Debit Unearned fees $6,120, Credit Fees income $6,120.

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4 years ago
At December 31 year-end, Crain Corporation has an S8400 note receivable from a customer. Interest of 10% has accrued for 10 mont
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Answer:

A) The balance sheet will report the note receivable of $8,400

Explanation:

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Both accounts are asset accounts, but notes receivable is replacing accounts receivable. Therefore since notes receivable is increasing, it should be debited, and since accounts receivable is decreasing, it should be credited.

You don't record any interest, only after the interest is paid, you should record it as interest revenue.

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