Which of the following statements is true?
producer surplus measures the total benefit received by producers from participating in a market.
when a market is in equilibrium consumer surplus equals producer surplus.
consumer surplus measures the net benefit from participating in a market.
consumer surplus measures the total benefit from participating in a market.

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock