Answer:
b. $18.15
Explanation:
Toatal money spent on product A is:
Activity 1: 700/1000*18000 = $12600
Activity 2: 500/600*24000 = $20000
Activity 3: 800/1200*60000 = $40000
Total money spent on product A = $12600 + $20000 + $40000
= $72600
Total units of product A formed = 4000
Cost per product = $72600/4000 = $18.15
Therefore, The cost per unit of Product A under activty-based costing is closest to $18.15.
Answer:
James's price is $4 less than if the firm is a monopoly. A further explanation is given below.
Explanation:
Marginal income should have been equivalent to the marginal cost expenses as there was a Monopoly. The marginal price is calculated at 8 dollars. That being said, marginal income is declining.
- It costs $15 for maybe the first unit,
- $13 for its second unit,
- $11 for the third unit,
- $9 only for the fourth unit,
- $7 for the fifth unit.
When making the 4th unit, no marginal income as well as marginal cost becomes nearest. It, therefore, means that, as it generates 4 units, the Monopoly price would have been $12. Whether it is a reasonably open market, the cost should always be equivalent to marginal revenue, meaning $8 would be the price.
Answer:
B. one characterized by nonrivalry and nonexcludability.
Explanation:
Quasi-Public good is considered as the goods which characterized by the both private and public goods e.g Roads, bridges etc. These goods have incompetent market and it lacks the existence of free market. These goods are non-rivalry and non-excludability. So option B is the appropriate answer for this question.
Answer:
B. $40,955.35
Explanation:
The computation of the amount that need to pay is shown below:
The Amount needed at 18 age is
= Present value of all future expenses
= $8000 × (1.02)^18 + $8,000 × (1.02)^19 ÷ 1.1 +$ 8000 × (1.02)^20 ÷ (1.1)^2 + $8,000 × (1.02)^21 ÷ (1.1)^3
= $11,425.6 + 10,594.98 + 9,824.44 + 9,109.39
= $40,954.95
It is nearest to option B
Standard of living includes GROSS DOMESTIC PRODUCTS, which can be bought and sold.
GDP is one of the factors of standard living. However, it is not a strong indicator of the quality of life an individual is living.
