Answer:
Marginal Benefits of Emissions
Total net benefit to the farmer and factory at the economically and socially efficient quantity of emissions is $30,000 when the quantity of emission is 200 tons.
Explanation:
a) Data and Calculations:
Quantity of Marginal Marginal Total Net Benefit
emissions (Q) Benefits Cost or Cost
100 320 110 21,000
200 280 130 30,000
300 240 150 27,000
400 200 170 12,000
500 160 190 -15,000
600 120 210 -54,000
700 80 230 -105,000
800 40 250 -168,000
900 0 270 -243,000
Answer:
decrease in operating income for $41,250
Explanation:
The computation of the change in the operating income is shown below:
Total order cost is
= 750 frames × $60
= $45,000
And,
Total cost is
= Charging per frame + cost per frame
= $100 + $15
= $115
So, for 750 frames, it is
= $115 × 750 frames
= $86,250
So as we can see that the total order cost is less than the total cost so it would results into decrease in operating income for $41,250 by taking a difference of $86,250 and $45,000
Answer: Deduct the check amount from the bank balance.
A check amounting to $845 was issued to a supplier by Clanton industries in July and during that month the check did not clear the bank. In preparing the July 31 bank reconciliation, the check amount should be deducted from the bank balance considering the check has already been issued to the supplier.
Answer:
The correct answer is Flexible accumulation.
Explanation:
In flexible accumulation, it is believed that fundamental changes in the international economy, especially in the early 1970s, led to mass production changing with a new "modus operandi" known as flexible specialization. Factors such as the 1973 oil crisis, increased competition with foreign markets (especially those in Southeast Asia) and factors such as globalization, the end of the postwar period, and increased privatization made the old mass production system incompetent
Instead of producing generic goods, companies now find it more profitable to produce various product lines aimed at different groups of consumers, appealing to their sense of taste and fashion. Instead of researching mass production of a single product with huge amounts of money, companies now need to build an intelligent system of work and machines that are flexible and can respond quickly to market vagaries.
Answer:
Implicit Imputed opportunity cost of time sacrifised while airport drop .
Explanation:
My friend asking me to drop at airport, & paying costs : gas used while driving, parking cost of car - has excluded certain price giving aspects.
He has included all the Explicitly quantified costs , whose payment is made to third person - like fuel & parking.
However, he has not included the implicit cost in terms of opportunity cost i.e other things sacrifised while going to drop him. Such costs payment is although not directly made to third person, but they still reflect a 'cost' as they reflect a gain sacrifised meanwhile.
In this case, it includes time sacrifised while going to drop friend at airport. That time could be used at work, which could have monetary benefits. So, this cost is eliminated to be evaluated by my friend.
