Answer:
<u><em>But where do we go from here? </em></u>
It depends on the result of more government intervention on quality life standards.
<u><em>Do we need less or more government involvement? </em></u>
It depends on the problems that need to be addressed. For example, to address problems such inequality it is mandatory that the government gets involve and create laws to prevent it. But surely for more movement of capitals there is no need of higher government involvement.
<u><em>Is it a question of the quality of that involvement? </em></u>
Yes. If government has an effective involvement there is even desirable to have its intervention but if it complicates everything then is repeled.
<u><em>Could it be smarter rather than just less? </em></u>
Yes, because it is proved that the economy acts in an effective way to good policy making.
<u><em>How can the cost of government involvement decrease?</em></u>
In this aspect it is important to mention the environmental issues in nowadasy economy. If the measurement of what is defined as "cost" is understand in the long run as conservation and balance between nature and economic explotation of resources.
Answer: <u>"b. Price is greater than long-run average cost."</u> is NOT characteristic of long-run equilibrium for a perfectly competitive firm.
Explanation: In the long term the company will produce the output level at which long-run average cost is at its minimum.
Where the price is equal to the long-run marginal cost and the long-run average cost.
It is true that Costs, also called differential costs, are the additional costs from selecting a certain course of action.
<h3>What is
differential costs?</h3>
Differential cost serves as the difference between the cost of alternative decisions.
Therefore, It is true that Costs, also called differential costs, are the additional costs from selecting a certain course of action and the cost do take place when a business have several similar options,
Learn more about differential costs, at
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Answer:
The correct answer is b) Perpetual
Explanation:
The perpetual inventory system is an accounting method for inventory, that registers the sales and purchases of a specific inventory immediately by the company management software. It shows detailly the changes in inventory and presents immediately report of the stock inventory left.
Answer:
$4,000 favorable
Explanation:
The computation of the material quantity variance is shown below:
= Standard Price × (Standard Quantity - Actual Quantity)
= $5 × (2 pounds × 6,000 units - 11,200 pounds)
= $5 × (12,000 pounds - 11,200 pounds)
= $5 × 800
= $4,000 favorable
Simply we deduct the actual quantity from the standard quantity and the difference is multiplied with the standard price so that the correct variance can be computed
