Answer:
2 more cars will be produced in the market equilibrium versus the social optimum. The right answer is a.
Explanation:
According to the given data we have the following:
demand for cars is given by the function P = 75 − 3q
private costs are given by the function P = 10 + 2q
75 − 3q= 10 + 2q
Therefore, 65=5q
q=13
P=36
Therefore, socially optimal number of cars is 13.
To calculate How many more cars will be produced in the market equilibrium versus the social optimum, we have to calculate the following:
social cost=10+2q+10
=20+2q
75 − 3q=20+2q
55=5q
q=11
P=20+2(11)=42
Therefore, Qm-Qs=13-11
Qm-Qs=2
2 more cars will be produced in the market equilibrium versus the social optimum
Answer:
Marigold break-even point = 400,000 units
Explanation:
given data
Sales = 59000 units
direct materials = $1180000
direct labor = $590000
variable costs = $59000
fixed costs = $360000
solution
we get here Marigold’s break-even point in units that is express as
Marigold’s break-even point = Fixed Cost ÷ (Selling Price - Variable Cost) .............1
Break Even Point = Fixed Cost ÷ Contribution Margin ............2
so here
Contribution Margin will be = 
Contribution Margin = $9
now put value in equation 2 we get
Marigold break-even point = 
Marigold break-even point = 400,000 units
The opportunity costs associated with the use of resources owned by a firm are implicit costs.
Answer:
assets increase $5,100 and liabilities increase $5,100
Explanation:
Assets are the items that a company owns which can provide future economic benefit.
Liabilities are future sacrifices of economic benefits that an entity is obliged to make to other entities as a result of past transactions or other past events, hence Liabilities are what a person or company owe other parties.
If a company purchases equipment costing $5,100 on credit, the assets of the company will increase by $5100 as a result of acquiring an equipment. Also, the liability will increase by $5100 as a result of debt owed.
