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Mrac [35]
3 years ago
7

There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f

ollowing costs:
Consumers' Willingness to Pay
Gloria: $7
Jay: $2
Claire: $8
Phil: $5
Firms' Costs
Firm A: $3
Firm B: $6
Firm C: $4
Firm D: $2
Each firm has the capacity to produce only one haircut.
For efficiency, _____ should be given.
Which businesses should cut hair?
a. Firm A
b. Firm B
c. Firm C
d. Firm D
Which consumers should have their hair cut?
a. Claire
b. Gloria
c. Jay
d. PhilThe maximum possible total surplus is $_____.
Business
1 answer:
kirza4 [7]3 years ago
7 0

Answer:

what in th world

Explanation:

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Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled,
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Answer:

The total amount of administrative cost to the Accounting Department is $ 14,900.

Explanation:

In order to calculate the total amount of administrative cost to the Accounting Department, first we need to calculate the Utilization Ratio of the particulars, using the following formua:

Utilization Ratio=(Total amount particular/Utilised by accounting department)

Hence, the Utilization Ratio of Administration costs =(50/280)

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             the Utilization Ratio of Maintenance fee =(12,000/36,000)=0.33

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Therefore, the total amount of administrative cost to the Accounting Department=(0.178×$50,000)+(0.33×$12,000)+(0.33×$6,000)

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6 0
3 years ago
A competitive firm sells its output for $50 per unit. Assume that labor is the only input that varies for the firm. The marginal
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Answer:

the value of the marginal product of labor is $500

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The computation of the value of the marginal product of labor is shown below:

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We simply applied the above formula

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