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3 years ago

Why markets can only supply private goods efficiently?

1 answer:

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Private good is a product and/or service produced by a private business and purchased to increase the utility and/or productivity of the buyer. The majority of the goods and services consumed in a market economy are private goods, and their prices are determined by the market forces of supply and demand. Private goods are both excludable and rivalrous, where excludability means that producers can prevent some people from consuming the good or service based on their ability or willingness to pay and rivalrous indicates that one person's use of a product reduces the amount available for use by another. In practice, private goods exist along a continuum of excludability and rivalry and can even show only one of these traits.

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Lagle Corporation has provided the following information:

mezya [45]

Answer:

b.$20,550

Explanation:

The period costs are those costs which include costs for a particular period. The calculation for these costs differ under the two methods absorption and variable. Under absorption Costing the Period costs include Variable selling and administrative + Fixed selling and administrative expenses.

Lagle Corporation

Absorption Costing

Direct materials $ 4.75 * 7000= $ 33250

Direct labor $ 3.70 * 7000= $ 25900

Variable manufacturing overhead $ 1.45 * 7000= $ 10150

Fixed manufacturing overhead $ 18,200

Total Product costs $ 87,500

Sales commissions $ 1.70 * 7000=$ 11900

Variable administrative expense $ 0.55 * 7000= $ 3850

Fixed selling and administrative expense $ 4,800

Total Period Costs $ 20550

Mostly Absorption costing is used for daily basis. Therefore Choice b is the best option.

Under variable costing the Period costs include Fixed manufacturing overheads + Fixed selling and administrative expenses.

Lagle Corporation

Variable Costing

Direct materials $ 4.75 * 7000= $ 33250

Direct labor $ 3.70 * 7000= $ 25900

Variable manufacturing overhead $ 1.45 * 7000= $ 10150

Sales commissions $ 1.70 * 7000=$ 11900

Variable administrative expense $ 0.55 * 7000= $ 3850

Total Product costs $ 85,050

Fixed selling and administrative expense $ 4,800

Fixed manufacturing overhead $ 18,200

Total Period Costs $ 23000

7 0

3 years ago

You decide that you need more information on how employees feel about diversity, so you create a paper and pencil survey on empl

fgiga [73]

Answer:

Discrimination against women and other minorities

Explanation:

The most likely ground for concern would be Discrimination against women and other minorities.

Diversity in the workplace means that an organization employs a diverse team of persons that reflects the views of the society in which it exists and operates. Through diversity and inclusion, no employee is treated unfairly on account of their gender, race, ethnicity.

Discrimination in labor markets, occurs when workers who have the same skill levels by education, experience, and expertise receive different pay because of their race or gender.

4 0

3 years ago

Summarize and contrast how work-based learning benefits the following groups: students, employers, and schools

Misha Larkins [42]

Students learn about how different work places work,and about what sort of work they might enjoy. employers get to "preview" people who might make good workers when they leave school. Schools learn what workplaces are needing from students and can adjust their their curricula to be more relevant.

3 0

3 years ago

Which of these statements about game design is FALSE?

nexus9112 [7]

When it comes to game design, it is false to say that Games design is not a STEM career because it is just about making entertainment.

Game design:

Incorporates the feedback of users to make better games.
Is quite iterative.
Requires that many different people from different careers work in different teams.

Game design is a STEM career because it requires people with expertise in science, technology, and engineering. It would be false to say that these careers are not present in game design.

In conclusion, option B is correct.

Find out more on STEM careers at brainly.com/question/20250489.

6 0

2 years ago

Which of these is an example of a variable expense calculated in an organizational budget?

Ierofanga [76]

In an organizational budget, variable expenses are the total cost that depended on the amount of goods produced.
Example of variable expenses are:
- Raw material expenses
- Cost of plastic to make a handphone case
- Cost of carrots if the company is selling carrot pies
- etc

8 0

2 years ago