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Vikentia [17]
4 years ago
8

Suppose Margaret and Thomas are the only two homeowners in the neighborhood. Margaret's demand for clean streets is Q = 50 - 2P.

Thomas's demand for clean streets is Q = 40 - P. What is the socially optimal number of clean streets if the marginal cost of cleaning them is $35?
Business
1 answer:
pentagon [3]4 years ago
3 0

Answer:

20 is the socially optimal number

Explanation:

In this question, we are asked to calculate the socially optimal number of clean streets given the marginal cost of cleaning them.

To solve this problem, we employ a mathematical approach as follows:

Market demand = Sum of Individual demand

Magaret demand = p = (50-Q)/2 = 25-0.5Q

Thomas demand = P = 40-Q

Market demand = 25-0.5Q + 40-Q = 65-1.5Q

MC = 35

Socially optimal number = MC = Market demand

35 = 65-1.5Q

30 = 1.5Q

Q = 20

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ANSWER NEEDED ASAP!
svetoff [14.1K]

true because it is needed to so if you use the credit part it will need a signature

8 0
4 years ago
The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $142
Damm [24]

Answer:

1. $4,400 Favorable

2. $14,000 Unfavorable

3. $9,600 Unfavorable

Explanation:

The computation of given question is shown below:-

1. Variable factory overhead Controllable Variance

= $142,600 - 6,000 × 24.5

= $142,600 - $147,000

= -$4,400

= $4,400 Favorable

Where, 24.5 = standard rate - fixed overhead rate

= $28 - $3.5

= $24.5

2. Fixed factory overhead volume variance

= $35,000 - 6,000 × $3.5

= $35,000 - $21,000

= $14,000 Unfavorable

3. Total factory overhead cost variance

= ($142,600 + $35,000) - (6,000 × $28)

= $177,600 - $168,000

= $9,600 Unfavorable

5 0
4 years ago
Unclearninglab.litmos.com
adell [148]

Answer:

Janine and Josh

Josh can advise Janine  of each of the following except:

Josh should tell Janine that she can only change her current plan to a 5-

star plan during the Annual Election Period.

Explanation:

The Special Election Period (SEP) for the 5-star Medicare Plan lasts one week, that is, between Nov. 30 and Dec. 8.  However, there is an Annual Enrollment Period (AEP) that lasts from October 15th to December 7th.  During the annual enrollment period, any plan holder can change her Medicare plan, depending on its availability in her area.

3 0
3 years ago
A PPO uses a discount on charge arrangement. Marie incurred total charges by a hospital of ​$20 comma 300​, and the percentage p
Radda [10]

Answer:

$2,842

Explanation:

total amount that the PPO will pay = $20,300 x 70% = $14,210

Marie has to pay 20% of that amount = $14,210 x 20% = $2,842

A preferred provider organization (PPO) is a type of healthcare insurance that provides discounts if you use their network physicians and providers. In this case, Marie received a 30% for going to that hospital.

8 0
4 years ago
IAS 32 defines a financial instrument as: any contract that gives rise to a financial asset of one entity and a financial liabil
Verdich [7]

Answer:

any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Explanation:

IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globall

IAS 32 defines a financial instrument as any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

7 0
3 years ago
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