1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nirvana33 [79]
3 years ago
13

The marginal cost of producing 40 units of a public good is $200. There are two individuals in the society. Person A is willing

to pay $80 for 40 units of the public good. If 40 units of the public good are provided, how much must Person B be willing to pay?
Business
2 answers:
Tju [1.3M]3 years ago
6 0

Answer:

$120

<u>Explanation</u>:

Yes Person B must be willing to pay an amount that would cover the marginal cost of the product.

Remember, the marginal cost is the cost per unit of a product not the sales cost. Therefore, the total value paid should cover the marginal cost.

ICE Princess25 [194]3 years ago
5 0

Answer:

Person B must be willing to pay $120

Explanation:

Marginal cost = $200

Person A is willing to pay = $80

Marginal cost is the cost which a company incurred for producing one extra unit of goods.

If person A has paid $80, then person B must pay an amount that will cover up for the marginal cost the company incurred.

That mean person B will pay $120 ,

Meaning;  $80 +$120 = $200

You might be interested in
Suppose that the government decides to charge cola consumers an excise tax. Before the tax, the market is in equilibrium, where
Hitman42 [59]

Answer:

The answer is: The excise tax on cola beverages is $2 per case.

Explanation:

Excise taxes are taxes levied on certain goods or services.

In this case the price of cola beverages is $4 per case, since excise taxes are included in the price of the product, then the excise tax on cola beverages = price paid by consumers - price received by producers = $4 - $2 = $2

8 0
3 years ago
Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produc
ziro4ka [17]

Answer:

Total= 45,684 feet

Explanation:

Giving the following information:

Production budget:

February= 10,993

March= 8,559

Each chair produced uses 5 board feet of wood.

Management wants an ending inventory level of raw materials to equal 20% of the production needs (in wood) for the next month.

Direct material budget:

Production= 10,993*5= 54,965

Desired ending inventroy= (8,559*5)*0.2= 1,712

Beginning inventory= (10,993*5)*0.2= (10,993)

Total= 45,684 feet

6 0
3 years ago
The Hawthorne studies showed that:________
Inessa05 [86]

Answer:

B. work motivation is a function of a wide variety of factors,Including pay,social relationships,meaning interests, and attitudes

3 0
3 years ago
A city street is a. always a public good, whether or not it is congested. b. a public good when it is congested, but it is a com
anyanavicka [17]

Answer:

a common resource when it is congested, but it is a public good when it is not congested.

Explanation:

We live in different areas, across city streets, with roads and they can either be public goods or common resources. Now, when the streets are not congested, it simply means that an individual can freely access the areas without that affecting any other person. In this simple case, the use by one person is not in rival consumption and so the streets are said to be a public good. But when the area is fully congested, people might find it difficult to move around through the areas. The use of the areas could cause negative externalities.  Because the place would be overcrowded, people can only move at a slow pace. In this case, the street are said to be a common resource.

4 0
3 years ago
Read 2 more answers
Corporate shareholders are best protected from incompetent _______.
nirvana33 [79]

Answer: A

Explanation:

Management decisions by the ability to engage in proxy fights. A proxy fight, also known as a proxy contest or proxy battle, refers to a situation in which a group of shareholders in a company joins forces in an attempt to oppose and vote out the current management or board of directors. In other words, a proxy fight is a battle between shareholders and senior management for control of the company.

Corporate shareholders are best protected from incompetent management decisions by the ability to engage in proxy fights.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Whats the tax used on airline tickets and gasoline?
    10·1 answer
  • The value of a firm is maximized when the: Multiple Choice
    13·1 answer
  • When the price of a product​ changes,
    14·1 answer
  • On January 1, Collins Corporation had 800,000 shares of $10 par value common stock outstanding. On March 31, the company declare
    9·1 answer
  • Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $250,000; Patents and copyrights = $720
    6·1 answer
  • George Corporation has no beginning inventory and manufactures a single product. If the number of units produced exceeds the num
    15·1 answer
  • The First National Bank of Nelsonville has no excess reserves when a new deposit of $10,000 is made. The required reserve ratio
    12·1 answer
  • MC Qu. 116 CWN Company uses a job order costing... CWN Company uses a job order costing system and last period incurred $90,000
    9·1 answer
  • Regional Lumber Company and Superior Builders Corporation enter into a contract for a sale of wood products. Regional, a merchan
    5·1 answer
  • Omega has a real gdp per capita of $5,000. If it has a constant 6% rate of growth. how many years will it take before omega has
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!