1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeka57 [31]
3 years ago
10

You are an industry You are an industry analyst that specializes in an industry where the market inverse demand is P = 200 - 5Q.

The external marginal cost of producing the product is MCExternal = 10Q, and the internal cost is MCInternal = 16Q." that specializes in an industry where the market inverse demand is P = 200 - 5Q. The external marginal cost of producing the product is "
Business
1 answer:
shepuryov [24]3 years ago
7 0

Answer:

An internal marginal cost is the extra cost of producing one more unit of output.

An internal marginal cost is the extra cost to society after one more unit of output is produced. It is also known as externality.

And the social marginal cost is the sum of internal and external marginal costs.

For this question:

The external marginal cost of producing the product is $10Q, which is given by the question.

And the social marginal cost is:

MCSocial = MCexternal + MCinternal

MCSocial = 10Q + 16Q

MCSocial = 26Q

You might be interested in
Determine whether an observational or experimental study is appropriate to address the following statement.
VARVARA [1.3K]

Answer:

Observational study

Explanation:

The appropriate study for a gas station owner who wants to find out whether customers are satisfied with the service they receive or not is "Observational Study."

Given that the Observational study is a type of research study or scientific investigation in which the researcher observes the effect of an action or activities such as risk factors, or outcomes without a direct impact on the intervention from the researcher.

In this case, the satisfaction of customers concerning the services they receive can only be observed by the researcher without influencing the services or how the customers perceived their level of satisfaction.

4 0
2 years ago
Capacity conciderations in a hospital ​
Masja [62]

Capacity conciderations in a hospital are:

Productions and Operations Management

4 0
3 years ago
Explain the Taylor Rule
Arisa [49]

Explanation:

Ok so the Taylor Rule is one kind of targeting monetary policy rule of a central bank. The Taylor rule was proposed by the American economist John B. Taylor in 1992, who is currently the George P.Shultz Senior Fellow In Economics at and the director of Standford’s Introductory Economics Centre.

Also the Taylor Rule suggests that the Federal Reserve should raise rates when inflation is above target or when gross domestic product (GDP) growth is too high and above potential. It also suggests that the Fed should lower rates when inflation is below the target level or when GDP growth is too slow and below potential.

6 0
3 years ago
Inventories Raw materials $ 42,000 $ 32,000 Work in process 9,100 18,300 Finished goods 57,000 34,300 Activities and information
Svetach [21]

Answer:

a. Computation of the following amounts for the month of May using T-accounts:

1. Cost of direct materials used = $176,000

2. Cost of direct labor used = $77,000

3. Cost of goods manufactured = $286,150

4. Cost of goods sold = $308,850

5. Gross profit = $691,150

6. Overapplied or underapplied overhead = $89,650 (underapplied)

b. Journal Entries:

Debit Raw materials $172,000

Credit Cash $172,000

To record the purchase of raw materials for cash.

Debit Factory payroll $100,000

Credit Cash $100,000

To record the payroll paid in cash.

Debit Factory overhead:

 Indirect materials $6,000

 Indirect labor $23,000

 Other overhead costs 103,000

Credit Raw materials $6,000

Credit Factory payroll $23,000

Credit Cash $103,000

To record indirect materials, labor and other costs.

Debit Work in process $42,350

Credit Factory overhead $42,350

To apply overhead based on direct labor cost 55%.

Debit Cash $1,000,000

Credit Sales Revenue $1,000,000

To record the sale of goods for cash.

Explanation:

a) Data and Calculations:

Inventories:

Raw materials $ 42,000 $ 32,000

Work in process 9,100 18,300

Finished goods 57,000 34,300

Activities for May:

Raw materials purchases (paid with cash) 172,000

Factory payroll (paid with cash) 100,000

Factory overhead:

Indirect materials 6,000

Indirect labor 23,000

Other overhead costs 103,000

Sales (received in cash) 1,000,000

Predetermined overhead rate based on direct labor cost 55%

T-accounts:

Raw materials

Beginning balance $ 42,000

Cash                         172,000

Manufacturing overhead                6,000

Work in process                          176,000

Ending balance                         $ 32,000

Work in process

Beginning balance    9,100

Raw materials       176,000

Payroll                     77,000

Overhead applied 42,350

Finished goods                          286,150

Ending balance                            18,300

Finished goods

Beginning balance 57,000

Work in process   286,150

Cost of goods sold                   308,850

Ending balance                           34,300

Manufacturing overhead

Indirect materials             6,000

Indirect labor                 23,000

Other overhead costs 103,000

Work in process                            42,350

Underapplied overhead               89,650

Sales revenue    $1,000,000

Cost of goods sold 308,850

Gross profit            $691,150

Analysis of Transactions:

Raw materials $172,000 Cash $172,000

Factory payroll $100,000 Cash $100,000

Factory overhead:

Indirect materials $6,000 Raw materials $6,000

Indirect labor $23,000 Factory payroll $23,000

Other overhead costs 103,000 Cash $103,000

Work in process $42,350 Factory overhead $42,350

Predetermined overhead rate based on direct labor cost 55%

Cash $1,000,000 Sales Revenue $1,000,000

5 0
3 years ago
The computer now allows the instantaneous transfer of billions of dollars from one country to another. one of the concerns of go
shtirl [24]
It can cause an influx in currency or extreme inflation depending on where it goes
6 0
3 years ago
Other questions:
  • Mark wants a new car that costs $30,000. He only has $500 in his savings account and $300 in his checking account. Which financi
    11·2 answers
  • What is the purpose of a design brief?
    15·1 answer
  • On January 1, 2017, Boston Enterprises issues bonds that have a $2,150,000 par value, mature in 20 years, and pay 6% interest se
    12·1 answer
  • Hong Kong Clothiers reported revenue of $5,050,000 for its year ended December 31, 2021. Accounts receivable at December 31, 202
    15·1 answer
  • An investment adviser has placed an order with the underwriter for 250,000 shares of XYZ stock, a new company that will be liste
    14·1 answer
  • Donald, the owner of a popular restaurant, is a religious man, and he needs to make a decision on whether he will add beer and w
    10·1 answer
  • By convention, a swap buyer on an interest rate swap agrees to act as the dealer in the swap agreement. hold both principal and
    12·1 answer
  • Which best describes the types of indicators that the HDI measures?
    6·2 answers
  • If the earnings per share of a company is $3.85 and the earnings yield is 2.5%, what is the price per sharE
    9·1 answer
  • an in-house center and education facilitythat offers a wide range of learning opportunities for Disney employees. Disney Univers
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!