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4 years ago

The Coase theorem states that, in the presence of externalities, a market economy will:

Business

1 answer:

Vinil7 [7]4 years ago

4 0

Answer:

d) reach an efficient solution if transaction costs are sufficiently low and property rights are well-defined.

Explanation:

Coase theorem states that the elected parties are able to find the efficient solution for externalities if the transaction cost are low.

Main points of Coase theorem

1) Parties able to find efficient solution when affected by externality

2) Transaction cost must be low but practically it rarely low so in that case coase theorem sometimes inapplicable

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Assumes ABC Company had 50 units in beginning Finished Goods Inventory and sold 1,213 units. Additional data includes: Units pro

worty [1.4K]

Answer:

Dollar amount of ending Finished Goods Inventory = $1,073

Explanation:

The first step is to calculate the cost per unit.

Using absorption costing, the cost of one unit is

Cost per unit = direct materials + direct labor + variable manufacturing overhead + fixed manufacturing overhead per unit.

$Cost = 12 + 8 +2 + 7\\Cost = 29$

Now, the number of units left in inventory should be defined

Finished Goods Inventory (FGI) = Beginning Finished Goods Inventory + Units produced - units sold

$FGI = 50 +1200 - 1213\\FGI = 37$

The dollar amount of ending Finished Goods Inventory is FGI multiplied by the cost per unit.

$37*29 = 1,073$

3 0

3 years ago

Jamarcus, a full-time student, earned $3,700 this year from a summer job. He had no other income this year and will have zero fe

eimsori [14]

Answer:

C. Jamarcus is not required to file an income tax return because his gross income of $3,700 is well below the gross income threshold for a single taxpayer. However, he should file a taxreturn to receive a refund of the $481 previously withheld.

Explanation:

since Jamarcus income is %3700 and is below the gross income threshold for a single taxpayer so he should file a tax return to receive a refund of $481.

4 0

3 years ago

Think about your own experiences with people from other ethnic groups and with attitudes expressed about relations with other co

nekit [7.7K]

Answer:

An example of when I imposed my own views and feelings about life based of the experience of others is when a friend from mexico told me there experience migrating to the US. What they experience and the struggles they faced made me feel more appreciative of things.

Explanation:

5 0

3 years ago

Read 2 more answers

The Wilmoths plan to purchase a house but want to determine the after-tax cost of financing its purchase. Given their projected

iVinArrow [24]

Answer:

the annual after-tax cost of financing the purchase of the home is $23,638.40

Explanation:

The computation of the annual after-tax cost of financing the purchase of the home is shown below:

= Installment amount - tax saving

= $33,200 - ($29,880 × 32%)

= $33,200 - $9,561.60

= $23,638.4

hence, the annual after-tax cost of financing the purchase of the home is $23,638.40

We simply applied the above formula

6 0

3 years ago

In what sort of pricing strategy does the team apply different price scales based on factors such as opponent, event, time of se

Len [333]

Answer:

variable pricing

Explanation:

A variable pricing strategy refers to selling a same product or service at a different price depending on the sales location, date, or other factors. This type of strategy is used to try to maximize revenue by adjusting price to the different categories of our points of sale or our customers.

In case of sports teams, they will price their seats based on other factors like who is the opponent (current champion v. bad teams), day of the week (weekends v. weekdays) or the time of the season (middle of the season v. near playoffs), etc.

7 0

3 years ago