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Answer:
Seller Surplus
Explanation:
In business terms, there is a difference in the expected value what a seller expects to receive from the products it sells and from the amount it actually earns.
The cost of the product not only involves the monetary cost but it also involves the cost in terms of efforts involved to produce an article.
When a seller puts a product in the market, then he tries to have it a market value more than its cost. When such market value is realised then the difference in cost and market value is surplus for the supplier or producer.
But in cases where the consumer is efficient enough to bargain such product and only pays an amount which is less than the cost, then there arises seller deficit, which is represented as a negative seller surplus.
The investor determines that a credit loss exists on the investment
Answer:
Explanation:
In 1985, winner's prize money = $170
in 2007 winner's cheque = $ 1,173,000
percentage increase per year:
170 * ( 1 + r)^n = 1173000
(1+r)^112 = 6900
r = 8.212%
b) If the winner's prize increases at the same rate, amount will it be in 2040
= $170 * (1+8.212%)^145 = $15,863,002
