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tensa zangetsu [6.8K]
3 years ago
12

A dentist shares an office building with a radio station. The electrical current from the dentist's drill causes static in the r

adio broadcast, causing the radio station to lose $10,000 in profits. The radio station could put up a shield at a cost of $30,000 or the dentist could buy a new drill that causes less interference for $6,000. Either would restore the radio station's lost profits. Would it be economically efficient for the dentist to buy and put up a shield? Why or why not? By how much would total surplus change?
a. Would it be economically efficient for the radio station to buy and put up a shield? Why or why not? By how much would total surplus change?
c. Would it be economically efficient for the dentist to buy a new drill? Why or why not? By how much would total surplus change?
d. Would it be efficient for the radio station to buy the dentist a new drill? Why or why not? By how much would total surplus change?
Business
1 answer:
nydimaria [60]3 years ago
6 0

Answer:

a. Would it be economically efficient for the dentist to buy and put up a shield? Why or why not? By how much would total surplus change?

No, it is not economically efficient for the dentist to buy the shield.

b. Would it be economically efficient for the radio station to buy and put up a shield? Why or why not? By how much would total surplus change?

No, it is not economically efficient for the radio to buy the shield.

c. Would it be economically efficient for the dentist to buy a new drill? Why or why not? By how much would total surplus change?

No, it is not economically efficient for the dentist to buy the drill.

d. Would it be efficient for the radio station to buy the dentist a new drill? Why or why not? By how much would total surplus change?

Yes, it is economically efficient for the radio to buy the dentist a new drill. The Coase Theorem is an economic theory that states that economic conflicts must be solved regardless of who had the initial rights of whatever is on dispute. In this case, the dentist is causing harm to the radio, but he is doing OK. So the radio has a problem, not the dentist. The radio needs to solve its problem, so they should buy the dentist a new drill.

The economic surplus = $10,000 - $6,000 = $4,000, that means that the radio will be $4,000 better.

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wolverine [178]

Telecommuting is an alternate work place arrangement like work from home, library or any place very near to home.

By allowing Angela to telecommute, company is experiencing;

A. Increased productivity

Explanation:

A 2014 Stanford study says call centers employees who work from home increase productivity by 13%

B. Reduced Turnover.

Explanation:

Employee turnover is costly proposition. When employee will work from home he will be happier and not think to leave position which can cause an add up savings for employer for a long run

C. Increased Morale.

Explanation:

It is also a turn over for a company. Employee who works from home feels himself a valuable which increases his morale. Telecommuters tend less stress and much happier than office going workers.

D. Environmental Friendly.

Explanation:

Telecommuters don't take it as a work. They enjoy it as they are free of stress.

E. Economically sound

Explanation:

Its not only telecommuters who can take financially benefits but it is estimated that company can approximately save $11000 on each employee annually.


4 0
3 years ago
Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but
melomori [17]

Answer:

C. Process Innovation.

Explanation:

As Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but rather by doing a thousand small things. This approach focuses on driving down the cost of healthcare through process innovation. Process innovation is the mechanism when we implement a new or significantly improved manufacturing method with the help of a new technology in order to remain competitive and meet consumers demands at the same time. We try to solve an already existing issue or reforms an existed process in a different way to generate something with huge benefits, likewise, same is the case here with Dr. Shetty who has reduced the cost of healthcare quite significantly just by changing and improving his production methods.

7 0
3 years ago
Please select the economic term that is best described by each statement. People have limited resources. entrepreneurship margin
dlinn [17]

Answer:

scarcity

tradeoffs

Explanation:

Humans have unlimited wants and the resources available to satisfy this wants are limited. Thus, humans have to choose the most important wants and give up less important wants.

For example, if you have $20 and you want to buy a textbook , ice-cream or jeans. Each cost $20. If you need the textbook to study for a test, you would choose the book. Here $20 is the scarce resource. jeans and ice cream are what you traded off

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3 years ago
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。☆✼★ ━━━━━━━━━━━━━━  ☾  

The correct answer is option D

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。☆✼★ ━━━━━━━━━━━━━━  ☾

5 0
3 years ago
Read 2 more answers
Jurgenson Company issued bonds with a $100,000 face value on January 1, 2019. The five-year term bonds were issued at 98 and had
vekshin1

Answer:

Option A. $7000

Explanation:

The reason is that in the statement of cash flow, the interest expense for the year paid is an cash ouflow and must be deducted from the operating activities as it the companies borrow to finance its operations to perform better. Hence it is related to operating activities, so it must be deducted from the operating activities.

The interest paid at the end of the year is $7000 ($100,000 * 7%).

4 0
2 years ago
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