Answer: increases the social cost above the private cost
Explanation:
An external cost occurs when the production or consumption of a good or service imposes a cost i.e a negative effect upon a third party who isn't involved in the consumption or production decision.
The increase in the travel time of other drivers on the highway which is caused by Monique's decision is an external cost. If there are external costs in the consumption of a good, it is refered to as negative externalities and the social costs will be higher than the private cost.
The United Arab Emirates is a member of the Gulf Cooperation Council and the Arab League and provides financial contributions to some Arab and other developing countries. She has also participated in numerous peacekeeping missions and humanitarian missions organized by the United Nations. The United Arab Emirates occupies a global position as a tolerant and prosperous country to develop the country into a global investment market, tourist destination and cultural center.<span>Official Name: United Arab Emirates.
The United Arab Emirates, formerly known as the Trucial States, is a modern country located in the eastern part of the Arabian Peninsula and on the Persian Gulf between Saudi Arabia and Oman. The state was founded in 1971-72 as a federation of seven emirates, following the end of the 19th century Great Britain in the region. On December 2, 1971, six out of seven emirates (Abu Dhabi, Ajman, Fujairah, Sharjah, Dubai and Umm Al Quwain) formed the United Arab Emirates and the seventh emirate, Ras Al Khaimah, joined in 1972
</span><span>Many Emiratis are Sheikh Zayed bin Sultan Al Nahyan, ruler of Abu Dhabi and the first president of the United Arab Emirates until his death in 2004, the founding father of the state. The capital of the United Arab Emirates is Abu Dhabi, the second largest emirate after Dubai. The official religion is Islam, and the official language is Arabic. However, due to the high number of foreign nationals, English is the common language of the country. Oil revenues, geographical location and moderate foreign policy have given the country a vital role in the Gulf and Middle East issues. In a very short period of time, the country has undergone a radical transformation: the development of modern institutions, civic centers, infrastructure, high-rise buildings and communications and transportation systems. The experience and scholarly hand to implement this change has attracted millions of foreign workers from around the world.
</span><span>Against the backdrop of major political transformations in the region and surrounded by larger neighboring countries, seven small Arab emirates on the Persian Gulf in the early 1970s had no choice but to unite. Thus emerged the UAE. Economically, the differences between the UAE are great: the largest and most lucrative oil reserves are Abu Dhabi, and the most diversified economy is in Dubai. This vibrant commercial and tourist center, which has become a global frontier and equivalent to Manhattan, was hit in 2009 by major economic problems and Abu Dhabi was supported by bankruptcy.</span>
Governments should increase spending in response to economic downturns.
First World War
World War I, also known as the First World War and frequently abbreviated as WWI or WW1, was a significant global battle that lasted from July 28, 1914, to November 11, 1918. It was known as the "Great War" by its contemporaneous participants, who comprised most of Europe, the Russian Empire, the United States, and the Ottoman Empire. Battles were fought throughout Europe, the Middle East, Africa, and some regions of Asia. It was one of the bloodiest wars in history thanks to new technology, including the recent creation of the airplane, trench warfare, and particularly chemical weapons. An estimated 9 million soldiers perished in battle, and an additional 5 million civilians perished through famine, sickness, and military activity.
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Answer:
$1,068,000
Explanation:
The computation of the total manufacturing overhead cost should be
Total variable manufacturing overhead for 50,000 machine hours is
= Indirect labor + Machine supplies +Indirect materials
= 630,000+90,000+120,000
= $840,000
Now
Variable manufacturing overhead per machine hour is
= Total variable manufacturing overhead cost ÷ Number of machine hours
= $840,000 ÷ 50,000
= $16.80
And,
Total variable manufacturing overhead for 60,000 machine hours
= Variable manufacturing overhead per machine hour × 60,000
= $16.80 × 60,000
= $1,008,000
Now the total manufacturing overhead cost should be
= 1,008,000 + 60,000
= $1,068,000
Based on the CPI in 2008 and 2012, Cameron's 2012 real income is <u>$34,400</u>.
<h3>What is real income?</h3>
The real income is the inflation-adjusted income. It is not the same as the nominal income.
For instance, Cameron's nominal income in 2012 is $35,000, but the inflation-adjusted (CPI) real income should be $34,400 based on his starting salary of $32,000 in 2008.
<h3>Data and Calculations:</h3>
Starting salary in 2008 = $32,000
Salary in 2012 = $35,000
Consumer Price Index (CPI) in 2008 = 100.0
Consumer Price Index (CPI) in 2012 = 107.5
CPI adjusted salary in 2012 should be (real income) = $34,400 ($32,000 x 107.5/100.0)
Thus, based on the CPI in 2008 and 2012, Cameron's 2012 real income is <u>$34,400</u>.
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