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23 Nov 2019

the total amount of producer surplus in a market isequal to the area below the supply curve
true or false

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Reid Wolff
Reid WolffLv2
7 Jan 2019
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Related questions

Total surplus is the sum of​ _____ and​ _____.

a. total​ revenue; total cost

b. consumer​ surplus; producer surplus

c. marginal​ revenue; marginal benefit.

d. marginal​ benefit; marginal cost

 

 

On January 1, Montgomery Inc. issued $200,000 of 12%5-year bonds when the market interest
rate was 10%. The bonds pay interest semiannually on June 30th andDecember 31. Proceeds
received were $215,443.
These bonds were issued at a DISCOUNT/PREMIUM (circle one) becausethe Contract Rate is
EQUAL TO/ GREATER THAN/ LESS THAN (circle one) the MarketRate
Record the following transactions:
Bond issue on January 1
Paid semiannual interest on June 30
Amortized the bond premium or discount

On January 1, Manderlee Inc. issued $180,000 of 9%5-year bonds when the market interest rate
was 10%. The bonds pay interest semiannually on June 30th andDecember 31. Proceeds
received were $173,050.
These bonds were issued at a DISCOUNT/PREMIUM (circle one) becausethe Contract Rate is
EQUAL TO/ GREATER THAN/ LESS THAN (circle one) the MarketRate
Record the following transactions:
Bond issue on January 1
Paid semiannual interest on June 30
Amortized the bond premium or discount

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