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3 years ago

Deadweight loss rev: 05_10_2018 Multiple Choice

Business

1 answer:

Natasha_Volkova [10]3 years ago

8 0

Answer:

is measured as the combined loss of consumer surplus and producer surplus.

Explanation:

A deadweight loss happens when the equilibrium quantity is not reached, resulting in a loss of economic surplus (addition of supplier and consumer surplus).

For example, a price ceiling increases the quantity demanded but decreases the quantity supplied, resulting in a shortage. The deadweight loss is measured by the area beneath the demand curve and above the supply curve.

The deadweight loss can also result from a price floor, where the quantity demanded decrease and the quantity supplied increases.

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10% of the facility and increase the overall costs of maintaining the space by 11%. If the incremental method were used, what am

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Answer:

the cost that allocated to the start up business is $61,600

Explanation:

The computation of the amount of the cost that allocated to the start up business is given below:

= Manufacturing facility costing × maintaining the overall cost percentage

= $560,000 × 0.11

= $61,600

Hence, the cost that allocated to the start up business is $61,600

We simply applied the above formula so that the amount could come

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2 years ago

Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its

ololo11 [35]

Answer:

Allocated MOH= $165,240

Explanation:

Giving the following information:

Estimated manufacturing overhead $157,750

Estimated machine-hours 4,640

Actual manufacturing overhead $157,400

Actual machine-hours 4,860

First, we need to calculate the predetermined manufacturing overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 157,750/4,640= $34 per machine hour

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2 years ago

Read 2 more answers

What are examples of the substitution effect and/or real-income effect?

Arlecino [84]

The options available are:

A. After subscription prices in the cable TV market fall, customers also purchase higher-speed Internet service.

B. Julie usually buys generic cereal because it is cheaper. One day she notices one of the brand-name products falls in price, so she decides to buy it.

C. Movie ticket prices plummet to $1, so you cancel your Netflix subscription in favor of attending movies at the theater. In addition, the cheap tickets leave you with extra money for concessions.

D. Kyle notices the cost of premium peanut butter has fallen. He considers this and then purchases less bread.

Answer:

The answers are A, B, and C

Explanation:

The options available are:

Option A. "After subscription prices in the cable TV market fall, customers also purchase higher-speed Internet service" is a perfect example of the real income effect.

Option B. "Julie usually buys generic cereal because it is cheaper. One day she notices one of the brand-name products falls in price, so she decides to buy it," is an example of the substitution effect.

While Option C. "Movie ticket prices plummet to $1, so you cancel your Netflix subscription in favor of attending movies at the theater. In addition, the cheap tickets leave you with extra money for concessions, " is an example of both the substitution and real-income effects

However, option D example "Kyle notices the cost of premium peanut butter has fallen. He considers this and then purchases less bread, " does not fit any of the substitution and real-income effects.

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3 years ago