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2 years ago

Externalities affect the economic efficiency of a market equilibrium by causing a difference between:________

Business

1 answer:

Cloud [144]2 years ago

5 0

Answer:

D. both a and b.

Explanation:

The marginal cost of production is the marginal private cost. When an individual or a firm spend extra cost for an extra unit of good or service, it is called marginal private cost. The marginal social cost of production is the cost that an entire society pays for the consumption of an extra unit of goods or services.

The extra benefit a consumer gets from the use of extra good is referred to as the marginal private benefit. When there is a change in benefit due to the extra unit of consumption, it is the marginal social benefit. It includes an extra benefit.

The economic efficiency of a market equilibrium deters the marginal private cost and benefit. Externalities affect that market equilibrium.

So, both a and b is the answer.

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Walmart has exceptional logistics, but in 2014, Walmart was criticized for unusual shortages. Customers complained, saying they

iVinArrow [24]

Answer:

It is Control the inventory process (B)

Explanation:

Control the inventory process : Unusual shortage of products on Walmart shelves is an evidence of poor inventory control system.

The deficiencies in the system must be identified and then appropriate corrective control system to address them must be put in place.

A system that prevent stock-out on the shelves must be adopted and its compliance must be enforced.

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3 years ago

The approach used when overhead is applied to jobs by multiplying a predetermined overhead rate by the actual amount of the allo

Sati [7]

A method of costing whereby overhead costs are allocated to a job by multiplying the actual cost of the allocation base incurred by the job by a specified overhead rate is known as Normal Costing.

<h3>What is predetermined overhead rate?</h3>

An allocation rate known as the predetermined overhead rate allocates a specific amount of manufacturing overhead to job orders or goods.

Predetermined overhead is frequently calculated at the start of each reporting period by dividing the anticipated manufacturing overhead expenses by an allocation base.

The allocation base refers to the time taken to perform an activity such as the machine hours, direct labor hours etc.

Normal Costing also known as the product costing method in which the several cost such as the direct cost, material cost, manufacturing overhead cost as well as the work in progress is added.

Learn more about Predetermined overhead here:

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6 0

2 years ago

In producing a product, a firm has both fixed costs and variable costs. Fixed costs are costs that must be paid regardless of ho

Allisa [31]

The cost are as follows:

rent, raw materials, production, utilities, shipping, insurance,

Answer:

Fixed cost> rent, insurance, utilities

Variable cost> raw materials, production cost, shipping cost

Explanation:

Remember, it was mentioned that Fixed costs are costs that must be paid regardless of how many units are produced and sold; which implies that they do not change so frequently.

Thus, we would expect rent paid by Crystal soap to be fixed overtime, her insurance payments as well as utilities she pays for like power etc would also fall under fixed cost.

Variable costs, on the other hand, fluctuate directly with sales volume. Therefore, Crystal soap business would incur varying cost amount for raw materials, production cost, and their shipping cost.

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2 years ago

amish Life, an insurance company, defines the difference in pay between an entry-level recruiter and an entry-level assembler, a

denis-greek [22]

Answer: Two things are being exemplified here;

1.) Pay structure

2.) Job structure

Explanation: A pay structure in an organisation defines what an employee will earn based on some factors such as; efficiency; length of time; value; position. (the difference in pay between an entry-level recruiter and an entry-level assembler)

While a job structure defines the different levels employees in an organisation are in and who they report to. (as well as the difference between an entry-level recruiter, the HR manager, and the organization's Vice President)

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3 years ago

A company should use process costing, rather than job order costing, if:

dolphi86 [110]

Answer:

The product is composed of mass produced homogenous units.

Explanation:

Process costing is utilized when there is a large production of products that have similar features. In process costing the cost of each product produces is equivalent to the cost of other products. Example of products that undergo process costing include:chemicals, processed foods, textiles, paper, oil refinery, soap.

In process costing, the finished product gotten from each stage becomes the raw material of the next stage till the last stage of completion.

The production of product in process costing is continuous and the final product derived from the production process is as a result of a sequence of processes.

8 0

3 years ago