Answer:
Government regulation is the best way to deal with negative externalities
Explanation:
An externality is the effect of the activities ( mostly economic ) of an individual on third parties whom are not direct participants in such activities ( mostly economic ) and this externalities can be either positive or negative .
A proper balance by which Government can deal with negative externalities is by increasing taxes on the production of goods and services that leave a trail of negative externalities on third parties. that way the cost of production of such goods and service will discourage its production
Answer:
The balance in retained earnings at December 31 is $264,000.00
Explanation:
The balance in retained earnings at December 31 can be computed using the below ending retained earnings formula:
ending retained earnings=beginning retained earnings+net income-dividends
beginning retained earnings was the opening balance of retained earnings at January 1 2020 which was $215,000
net income for the year is $130,000
dividends of $81,000 were paid
ending retained earnings=$215,000+$130,000-$81,000=$ 264,000.00
Answer: Inimitable
Explanation: To be the basis of a firm's superior performance over competitors for an extended period of time, valuable and rare resources need to be <em>inimitable.</em> If the firms resources are valuable and inimitable then it will have an advantage over the competitors. The competitors will not be able to copy the product produced by the firms as it would be impossible to copy the resource.
Answer:
the act or power of anticipating that which will or may come to be: prophetic vision; the vision of an entrepreneur. ... something seen or otherwise perceived during such an experience: The vision revealed its message. a vivid, imaginative conception or anticipation: visions of wealth and glory.
Explanation:
Answer:
Variable cost = $340,200
Fixed cost = $220,000
Explanation:
Given that,
At Predicted production = 24,200 units,
Fixed costs = $220,000
Variable costs = $435,600
Per unit variable cost:
= Variable costs ÷ No. of units produced
= $435,600 ÷ 24,200
= $18 per unit
Total cost at 24,200 units,
= Variable costs + Fixed cost
= $435,600 + $220,000
= $655,600
Total cost at 18,900 units,
= Variable costs + Fixed cost
= ($18 × 18,900) + $220,000
= $340,200 + $220,000
= $560,200
Note: Fixed cost does not changes with the change in the output level.