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DENIUS [597]
3 years ago
12

Assume the world market for oil is competitive and that the marginal cost of producing​ (extracting and bringing to​ market) ano

ther barrel of oil is ​$81.40 and the marginal benefit is ​$79.20. If one more barrel of oil is produced and​ consumed, how will economic surplus​ change?
Business
1 answer:
xz_007 [3.2K]3 years ago
7 0

Answer:

The economic surplus will decrease by $2.20

Explanation:

$81.40 and $79.20 are <em>marginal </em>cost and benefit, which are the changes to total costs and total benefits due to producing and consuming one additional barrel of oil.

They can be used to calculate <em>change </em>to economic surplus, which is the change to the net economic value received by society, which is given by:

marginal benefit - marginal cost = $79.20 - $81.40 = - $2.20

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A cement manufacturer has supplied the following data:
Shalnov [3]

Answer:

$2.3 per unit

Explanation:

Calculation for company's unit contribution margin

First step is to calculate the Contribution margin using this formula

Contribution margin = Sales revenue - Variable manufacturing expenses - Variable selling and administrative expenses

Let plug in the formula

Contribution margin = $1,010,500 - $416,000 - $54,000

Contribution margin = $540,500

Now let calculate the Contribution margin per unit using this formula

Contribution margin per unit = Contribution margin / Cement tons

Contribution margin per unit = $540,500 / 235,000

Contribution margin per unit =$2.3 per unit.

Therefore company's unit contribution margin is $2.3 per unit

8 0
3 years ago
As a marketing manager, you lead and manage a team of four people in your
victus00 [196]

Self-monitoring is a personality attribute that entails the capacity to keep track of and control one's appearance, feelings, and actions in response to social contexts and circumstances.

As per the given question, it is seen that al the 4 candidates have a distinct quality that distinguishes them from each other. Tobias is although likeable, cooperative or understanding, he does not have the ability to self-monitor himself based on only these three factors.

Robin is introvert and still she is capable of interacting with client and team members efficiently. But an introvert person is not sociable to an extent outside the walls of her company. Therefore, she also lacks the quality of self monitoring.

As seen from the question, Martin is very sociable and very extrovert in nature which might later be a problem for him as he might not be able to keep him under control of his socialistic activities.

Therefore, the best person for the promotion would be Charlie, because he is aware of his surroundings and also self-monitoring is not being only social but also adhering to the needs of the organization. Charlie is aware of his project deadlines and is able to meet them on time and along with it, he is also creative and imaginative.

Learn more about Self-Monitoring here: brainly.com/question/14226475

#SPJ9

4 0
1 year ago
Read the section "The Effect of Price on Number of Suppliers." What support does the reading give for the idea that the music in
uranmaximum [27]

The effect of the demand and supply chain can be seen in the highly volatile nature of the music industry.

Explanation:

The principles are highly accurate for many industries that are given in the article  "The Effect of Price on Number of Suppliers."

This is effectively about the demand and supply chain and one can see how this applies to the people in the music industry who have to deal with these overhauls.

The industry is largely volatile and there are trends that come and go in a couple of years and with them go away whole labels and and artist.

The people who survive are the ones that adapt and do not go all in on one trend or another.

This one can even see in other business practices.

5 0
2 years ago
Riley operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic acci
Mnenie [13.5K]

Answer:

$4,600

Explanation:

Data provided in the question:

Purchasing cost of the van = $20,000

Adjusted basis = $5,800

Worth of the van at the time of accident = $6,000

Insurance reimbursement = $1,200

Now,

The amount of Riley's casualty loss deduction will be

= Adjusted basis - insurance reimbursement

or

Amount of Riley's casualty loss deduction = $5,800 - $1,200

or

Amount of Riley's casualty loss deduction = $4,600

3 0
3 years ago
Someone please help!!!
Vitek1552 [10]

Answer:

Dollar Tree = $5,643

Target = $11,297

Explanation:

For dollar tree, using the given equation:

13,501 = 7,858 + stockholder's equity

Stockholder's equity = 13,501 - 7,858

= $5,643

For target, using the given equation:

41,290 = 29,993 + stockholder's equity

Stockholder's equity = 41,290 - 29,993

= $11,297

5 0
2 years ago
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