Answer:
Total surplus = 4000
so correct option is D. $4000
Explanation:
given data
P = 300 - 2QD
P = 100 + 3QS
to find out
sum of the consumer and producer surplus
solution
we first equating both as equilibrium at QD = QS
so
300 - 2Q = 100 + 3Q
solve we get
Q = 40
so P will be
P = 3 00 - 2 × 40
P = 220
Consumer surplus area above price and below demand so
Consumer surplus = 0.5 × (300 - 220) × 40
Consumer surplus = 1600
and
Producer surplus area above supply curve and below price so
Producer surplus = 0.5 × (220 - 100) × 40
Producer surplus = 2400
so Total surplus will be
Total surplus = Consumer surplus + Producer surplus
Total surplus = 1600 + 2400
Total surplus = 4000
so correct option is D. $4000
Answer:
FASB financial standards. Any accounting guidance included in the FASB Codification
Explanation:
GAAP (Generally accepted accounting principles) is primarily comprised of a series of pronouncements from the financial accounting standards board (FASB).
The FASB is not a governmental agency. It is an independent agency tasked with identifying the best way to account for corporate transactions and report them in the most appropriate manner.
GAAP, as set forth by the FASB, is only for US firms and international firms selling stock on US stock exchanges.
Other countries have their own accounting standards agencies that set their own form of GAAP rules.
Answer:
The correct answer to the following question is A holder in due course.
Explanation:
A holder in due course is said to be a legal term , which describes about the person who has in good faith obtained a negotiable instrument and he or she has exchanged something valuable for that instrument, but the person is unaware of the fact that there might be some defect in the instrument like in title of person who is negotiating that contract.
Answer:
The correct answer is inflation rate
Explanation:
Inflation is a situation where is so much money in circulation but there are few goods to be bought,hence too much pursuing too few goods and services.
The rate at which the prices increase in respond to the problem of inflation is known as inflation rate.
Inflation is a must-have in any economy in order to encourage producers to produce more, but a single digit inflation rate is what is desirable not double digit such 25% which translates into hyper-inflation
Answer:
(a) $880.23 and (b) $1526.84
Explanation:
Please see attachment .
