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artcher [175]
3 years ago
13

Jose owns a dog whose barking annoys Jose's neighbor Amy. Suppose that the net benefit of owning the dog is worth $400 to Jose a

nd that Amy bears a cost of $200 from the barking. Assuming Amy has the legal right to keep Jose from having a dog, a possible private solution to this problem is that:
Business
2 answers:
Alex Ar [27]3 years ago
5 0

Answer: Jose has to pay $600.

Explanation:

Jose has to pay $600 to Jane for her inconvenience.

In Accordance with Coase theorem, when two conflicting parties exist, one has to ‘buy the right’ from the other party.

Which In this scenario or case, Jane has the ‘right to prevent Jose from having a dog’.

Thus, Jose has to pay compensation to Jane so that he can keep his dog and at the same time Jane is also compensated for the inconvenience which may arise later.

miss Akunina [59]3 years ago
4 0

Answer:

that Jose pays Amy $350 for her inconvenience, and keeps the dog

Explanation:

In this specific scenario, since Amy has every legal right to keep Jose from having the dog, then a possible private solution would be that Jose pays Amy $350 for her inconvenience, and keeps the dog. This would cover Amy's costs from the barking as well as provide an incentive to let Jose keep the dog, while at the same time Jose is spending less than what the net benefit of owning the dog is actually worth. Thus turning this into a beneficial arrangement for all parties.

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Anuta_ua [19.1K]

Answer:

C. $34,500

Explanation:

Given the above information, applied fixed overhead is computed as;

= Standard hours allowed for actual production × Predetermined rate

Standard hours allowed for actual production = 11,500

Predetermined rate = $3 per hour

Then,

Applied fixed overhead

= 11,500 hours × $3 per hour

= $34,500

3 0
3 years ago
Determine whether each survey question is biased or unbiased. If biased, explain your reasoning. Do you prefer watching exciting
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Answer: 2. biased; the question encourages a certain response.

Explanation:

The question is biased because it already makes assumptions of the two activities.

It labels football games as EXCITING whilst asking if one would 'SIT THROUGH' choir recitals which is a way of saying that the choir recitals are BORING.

This question therefore elicits a certain response as most people would go with the Exciting activity so as not to be seen as boring people who would go to choir recitals.

7 0
3 years ago
The annual inventory of The Bike Shop Inc. shows the following information for mountain bikes: DATE QUANTITY COST TOTAL January
Nesterboy [21]

Answer:

$4,536

Explanation:

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5 0
3 years ago
The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u
Crank

Answer:

-$414,444.44

Explanation:

The computation of the net present value is shown below:

Net present value = Initial investment + net cash flows ÷ (required rate of return - projected growth rate)

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= -$1,570,000 + $1,155,555.56

= -$414,444.44

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Since the net present value comes in negative so the project is rejected

         

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Securities that represent part ownership or equity in a corporation

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