Hexaco corp. exchanged a piece of land that was being held for investment purposes for an oil rig that it will use in its drilling operations. the land hada carrying value of $230,000 and a fair value of $250,000 on the date of the exchange. the oil rig received in exchange had a fair value of $200,000and, as a result, hexaco received an additional $50,000 in cash in the transaction. how much gain, if any, will hexaco recognize on the exchange?
a. $50,000.
b. $20,000.
c. $4,000.
d. $0

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

Only the united states has embassies. true or false

John has been working as a tutor for $300 a semester. when the university raises the price it pays tutors to $400, jasmine enters the market and begins tutoring as well. how much does producer surplus rise as a result of this price increase?