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TiliK225 [7]
3 years ago
12

What is actually considered a benefit in economics?

Business
1 answer:
Paul [167]3 years ago
4 0

Answer:

1) The benefit should be possible to measure in terms of money.

2) arguments 2 and 3 from the councelor can be considered benefits.

Explanation:

The benefit should be possible to measure in terms of money.

Like revenue, cash flow, job creation, reduce of cost, elimination of cost, increase in productivity per factor and so on.

The acceptance of the view for the bike riders is not measurable in terms of money. We cannot determinate the additional utility in cash for a better view

While we can determinate the lower cost in terms of CO2 emmisions (which have a cost) the time-savings for the people can also be estimated. This will reduce the time on highway for people going to work, and time is money. This increase productivity. Public transport can potentially decrease their times if less automobiles are in the streets.

The construction-related job are also a benefit as will increase the GDP.

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Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $420 and has a unit contributi
sergey [27]

Answer:

the  firm's contribution margin per composite unit is $8,775

Explanation:

The computation of the firm's contribution margin per composite unit is given below:

= $165 × 5 + $510 × 9 + $560 × 6

= $825 + $4,590 + $3,360

= $8,775

Hence, the  firm's contribution margin per composite unit is $8,775

Therefore the same is to be considered and relevant

7 0
3 years ago
Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
Gnesinka [82]

Answer: a). Debit Factory Payroll Payable $160,000; credit Cash $160,000.

Explanation: Direct labor refers to the manpower used in production. They are the factory workers involved in using the raw materials to produce finished goods.

Expense on direct labor is provided for during the production by a debit to factory payroll expense and a credit to factory payroll payable.

As such, the journal entry will be a debit to factory payroll payable $160,000 and a credit to cash $160,000. This means cash will reduce by $160,000 as the factory workers are paid while payables which is a provision account will reduce as well on the cash book by the same amount.

3 0
3 years ago
In the Keynesian-cross model, actual expenditures differ from planned expenditures by the amount of:
dmitriy555 [2]

Answer: Option (c) is correct.

Explanation:

Correct option: Unplanned inventory investment.

Unplanned inventory investment is a component of investment spending. The other component of investment spending is planned inventory investment.

Unplanned inventory investment occurs when actual sales are more or less than the company's expected sales which results in unplanned changes occurred in the inventories.

Hence, in the Keynesian-cross model, actual expenditures differ from planned expenditures by the amount of Unplanned inventory investment.

5 0
2 years ago
The Phillips curve exhibits A. the situation where cyclical unemployment becomes zero. B. the relationship between the unemploym
Sav [38]

Answer:

B) The relationship between the unemployment and the inflation rates

Explanation:

6 0
3 years ago
Read 2 more answers
Company collected the following data regarding production of one of its products. Compute the total direct materials cost varian
Xelga [282]

Answer:

The total direct materials cost variance is $3,790 favorable

Explanation:

The computation of the total direct materials cost variance is shown below:

Total direct materials cost variance = Actual cost - standard cost

where,

Actual cost is $267,790

And, the standard cost = Actual finished units produced × Direct materials standard

= 22,000 × $12

= $264,000

Now put these values to the above formula  

So, the value would equal to

= $267,790 - $264,000

= $3,790 favorable

6 0
2 years ago
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