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3 years ago

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________ arises when people realize they will still receive the benefits of a good whether they pay for it or not. the drop-in-t

he-bucket problem the voting paradox logrolling the free-rider problem

1 answer:

fiasKO [112]3 years ago

3 0

The free-rider problem a<span>rises when people realize they will still receive the benefits of a good whether they pay for it or not.</span>

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A department using the FIFO method for process costing begins the month with 10,000 units which were 70% complete at the end of

lisov135 [29]

Answer:

$3.74 per equivalent unit

Explanation:

beginning WIP 10,000 units, which were 70% complete = 7,000 equivalent units

units started and completed during the month 50,000

ending WIP 5,000, which were 10% complete = 500 equivalent units

costs incurred = $200,000

under FIFO, total equivalent units:

beginning WIP completed (100% - 70%) x 10,000 = 3,000 units

+ units started and completed 50,000 units

<u>+ ending WIP 5,000 x 10% = 500 </u>

total units = 53,500 equivalent units

cost per equivalent unit = $200,000 / 53,500 = $3.738 or $3.74 per equivalent unit

8 0

3 years ago

North Carolina produces sweet potatoes in its rich soil, but does not have the climate to grow oranges well. It is correct to sa

inessss [21]

Answer:

c. comparative advantage in

Explanation:

In economics, comparative advantage is the advantage a trade party has over the other party, in the production of a a particular good that has a relatively lower opportunity cost. It simply involves exploring the option that has overall best package.

North Carolina has a comparative advantage in sweet potato production relative to Florida, as the opportunity cost involved is lower, since there is little potential benefits North Carolina will get in the production of oranges.

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4 years ago

Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, an

fgiga [73]

Answer:

Explanation: Journal Entries

Debit: Cash. $19.7m

Credit: Unearned Revenue $19.7m

Being sales of gift card for the month of December.

Debit: Unearned Revenue. $12.7m

Credit: Sales. $12.7m

Being actual gift card redeemed for the month if December.

Unearned Revenue a/c has a credit bal of $7m as unredeemed gift card. Its a liability to the company as they have the money but the cards are yet to be redeemed.

4 0

3 years ago

Read 2 more answers

True or False: Equality refers to how the pie is divided, and efficiency refers to the size of the economic pie.

SIZIF [17.4K]

Answer:

The correct answer is True.

Explanation:

Economic efficiency is the efficiency with which an economic system uses productive resources to meet its needs. According to Todaro the concept means in matters of "production, use the factors of production in combinations of lower cost, in consumption, allocation of expenses that maximize consumer satisfaction (utility)".

Economic or income equality, social equality and cultural equality would be achieved if economic, social and cultural rights - second generation human rights - are fulfilled. Equity or equal resources is essential both to fully exercise civil and political rights and to have a decent life.

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4 years ago

A long-term partnership correlates with health and happiness throughout adulthood and late adulthood. For most people, then, ___

Aloiza [94]

Answer:

Commitment

Explanation:

It can be defined as an agreement to do something in the future. It is a relationship among two or more people which is based on a mutual and agreed commitment to one another and includes trust, honesty, love. The different forms of committed relationships are close friendship, marriage, and civil unions.

5 0

3 years ago