The many identical residents of whoville love drinking zlurp. each resident has the following willingness to pay for the tasty refreshment willingness to pay (dollars) quantity first bottle second bottle third bottle fourth bottle fifth bottle further bottles 4 the cost of producing a bottle of zlurp is $1.50, and the competitive suppliers sell it at this price. (the supply curve is horizontal.) each whovillian will consumebottles and receive a consumer surplus of $ producing zlurp creates pollution. each bottle has an external cost of $1. taking this additional cost into account, total surplus per person in the allocation you previously determined decreases to cindy lou who, one of the residents of whoville, decides on her own to reduce her consumption of zlurp by 1 bottle.

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.