Answer:
C. subtracting the competitive level producer surplus from the producer surplus associated with less output
Explanation:
A deadweight loss refers to a cost to society created as a result of market inefficiency. Market inefficiency occurs when supply and demand are out of equilibrium. It is also known as excess burden.
Deadweight loss is also created due to taxes as they prevent people from purchasing things that they would otherwise as the final price of the product increases.
The deadweight loss associated with output less than the competitive level can be determined by subtracting the competitive level producer surplus from the producer surplus associated with less output
Answer:
Account name statement(1) type of account(2)
Accounts payable BS CL
Accounts receivable BS CA
Accruals IS and BS income and SE
Accumulated amortization BS FA
administrative expenses IS E
Buildings BS FA
Cash BS CA
Common shares BS SE
Cost of goods sold IS E
Amortization BS E
Equipment BS F ASSET
General expenses IS E
Intrest expenses IS E
Account name Statement(1) type of account(2)
Inventories BS CA
Land BS FA
long term debts BS CL
Machinery BS FA
marketable securities BS CA
Line of credit BS LTD
operating expense IS E
Preferred shares BS SE
preferred share dividends BS SE
retained earnings BS R
Sales revenue IS R
Selling expense IS E
Taxes IS E
Vehicle BS FA
Answer:
C) The supply curve moved to the left.
Explanation:
A supply curve shift to the left due to a reduction in the quantity supplied to markets. When the market is at equilibrium, a decrease in supply will likely to create a shortage. Buyers will compete to buy the few available items at the price that suppliers will demand. Suppliers will take advantage of the " increase " in demand to raise prices.
A reduced supply means that the quantity available in the market decreases. At equilibrium, the quantity supplied matches demand, but when supply decreases, the quantity supplied also decreases.
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The capital resources different from the other resources of production-- natural and human resources is c<span>apital Resources alone are not really needed for efficient production. The answer is B. </span>
Answer:
The Number of warehouses completed would not be a rational base for allocating overhead costs to the warehouses.
Explanation:
For allocating the overhead cost to the warehouse. Following things need to be considered.
1. Square footage of the warehouses : Based on the square foot of the warehouse, the overhead cost can be easily allocated. As different warehouses have different square foot. So there would be different allocation criteria for each warehouse.
2. Labor Hours : According to the labor hours, the overhead expense can be allocated. In warehouse, the size of labor is matter. As more labors are available, the chances of more allocation expenses would be there and if there is less labors so the allocation expenses would be less.
Depending upon the size of the labors, the allocation of overhead differs.
3. Direct material cost : The warehouse is required when more supplies of material is to be required. So here, direct material plays an very important role while allocating the overhead cost. Depending upon the quantity of material, the overhead expenses differs.
4. Number of warehouses completed : As without knowing the size and capacity of the warehouses, it is difficult to allocate the overhead expense. Moreover, the same cost is been allocated which is not acceptable.
Hence, the Number of warehouses completed would not be a rational base for allocating overhead costs to the warehouses.
