Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. 1. Even though I was willing to pay up to $191 for a used laptop, I bought a used laptop for only $185. 2. Even though I was willing to pay up to $217 for a watch and even though the seller was willing to go as low as $207 in order to sell it, we couldn't reach a deal because the government imposed a tax of $16 on the sale of watches. 3. Even though I was willing to pay up to $69 for a used textbook and even though the seller was willing to go as low as $58 in order to sell it, we couldn't reach a deal because 0 the government imposed a tax of $20 on the sale of textbooks.

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

The following are budgeted data: january february march sales in units 16,200 22,400 19,200 production in units 19,200 20,200 18,700 one pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business.identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats.implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the