Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. Statement; Consumer Surplus; Producer Surplus; Neither. 1. Even though I was willing to pay up to $62 for a used textbook, I bought a used textbook for only $57.
a. consumer surplus
b. producer surplus
c. neither
2. I sold a jersey sweater for $29, even though I was willing to go as low as $23 in order to sell it.
a. consumer surplus
b. producer surplus
c. neither
3. I sold a used laptop for $130 on eBay last week. This week, someone offered me $33 for it.
a. consumer surplus
b. producer surplus
c. neither

)murphy was consuming 100 units of x and 50 units of y . the price of x rose from 2 to 3. the price of y remained at 4. (a) how much would murphy’s income have to rise so that he can still exactly afford 100 units of x and 50 units of y ? g

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

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