Suppose there are only three consumers in the market for a good and each consumer will buy only one unit of the good. their individual economic values for the good are $26, $28, and $32, respectively. if the market price for the good is $26, what is the total consumer surplus for the three buyers?

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?