Suppose widgets cost $8.50 to produce. if widgets are a public good, how many will be produced by market incentives, and is that the right (efficient) number? a. zero will be produced, and this is below the socially optimal amount. b. one will be produced, and this is the socially optimal amount. c. one will be produced, and this is below the socially optimal amount. d. two will be produced, and this is the socially optimal amount.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)