macon state

A consumer values a car at $30,000 and it cost a producer $20,000 to make the same car. If the transaction is complete at $24,000,the transaction will generate.

  1. 👍 0
  2. 👎 0
  3. 👁 195
  1. Please put subject matter in your posting, not your school. And complete the question.

    1. 👍 0
    2. 👎 0
  2. $6,000 worth of buyer surplus and $4,000 of seller surplus.

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. MicroEcon

    The market for apple pies in the city is competitive and has the following demand schedule: Price Quantity Demanded $1 1,200 2 1,100 3 1,000 4 900 5 800 6 700 etc... 13 0 Each producer in the market has fixed costs of $9 and the

    asked by Anna on July 26, 2011
  2. math

    The function gives the cost to manufacture x items. C(x) = 20,000 + 5x − x2 20,000 ; x = 20,000 Find the average cost per unit of manufacturing h more items (i.e., the average rate of change of the total cost) at a production

    asked by Beth on March 3, 2011
  3. accounting

    Looking at this question and not sure why fixed cost is 2,000 and not 6,000. ********** Galley Industries can produce 100 units of necessary component parts with the following costs: Direct Materials $20,000 Direct Labor 9,000

    asked by Pikaju on March 18, 2009
  4. statistics

    The data set represents the income levels of the members of a country club. Estimate the probability that a randomly selected member earns at least $98,000. 112,000 126,000 90,000 133,000 94,000 112,000 98,000 82,000 147,000

    asked by HELP on April 18, 2015
  5. microeconomics

    1. Market demand is given as QD = 250 – 0.5P. Market supply is given as QS = 2P. In a perfectly competitive equilibrium, what will be the value of consumer surplus? a.$10 000 b.$20 000 c.$40 000 d.$80 000 2. Market demand is

    asked by sarah on February 13, 2013
  1. Math

    The cost for a business to make greeting cards can be divided into one-time cost (e.g., a printing machine) and repeated costs (e.g., ink and paper). Suppose the total cost to make 30 cards is $800, and the total cost to make 550

    asked by Anonymous on October 21, 2015
  2. accounting

    The accounting records of NuTronics, Inc., include the following information for the year ended December 31, 2011. Dec. 31 Jan. 1 Inventory of materials $ 24,000 $ 20,000 Inventory of work in process 8,000 12,000 Inventory of

    asked by alexis on January 22, 2013
  3. accounting

    Fill in the blanks in the following separate income statements a through e. Identify any negative amount by putting it in parentheses. a b c d e Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $60,000

    asked by Joann on July 9, 2011
  4. precalculos

    The cost C of producing x thousand calculators is given by the following equation. C=-15.2x^2+15,990x+580,000(x≤​175) Find the average cost per calculator for each of the following production levels. 40,000​; 60,000​ and

    asked by maria on November 3, 2016
  5. Microeconomics [Urgent!]

    I have an exam tomorrow and I really need to know how you get the following answers. Please show me! I know it's a lot of questions, but I don't understand how you get the answer... ------------------ 40. At Nick's Bakery, the

    asked by Anonymous on December 8, 2008
  6. Math

    Using the following cash flows for projects A and B, use payback period, discounted payback period, NPV, IRR, and MIRR to see if these are good projects or not. > Project A: (283,000); 46,000; 89,000; 104,000; 123,000; 187,000;

    asked by James on September 27, 2014

You can view more similar questions or ask a new question.