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3 years ago

Explain what is meant by a good being "excludable." Explain what is meant by a good being "rival in consumption."

Business

1 answer:

vovikov84 [41]3 years ago

8 0

Answer:

If you can prevent a nonpaying consumer from having access to a good or service, that good is excludable. For example, only clients that buy a ticket can enter a movie theater and watch the movie.

A good or service that can be consumed by only one consumer (or a specific number of consumers) is rival in consumption because other people cannot consume them simultaneously. For example, once the movie theater sold out, no more people can get inside and watch the movie.

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In which situation would a certificate of deposit (CD) be the best banking choice

anzhelika [568]

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Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year.

azamat

Answer:

Predetermined overhead rate = $ 9.75 per direct labor hours

Overhead applied = $897,000

Explanation:

Given:

Budgeted Overhead cost = $975,000

Actual Overhead cost = $950,000

Budgeted Machine hours = 50,000

Actual Machine hours = 45,000

Budgeted Direct labor hours = 100,000

Actual Direct labor hours = 92,000

Computation:

(a) Predetermined overhead rate.

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Predetermined overhead rate = $ 9.75 per direct labor hours

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4 years ago

What are the function of a refrigerator

USPshnik [31]

Answer:

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3 years ago

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Lena Company has provided the following data (gnore income taxes); 2016 revenues were $77,000. 2016 expenses were $48,600. Divid

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Answer:

Option (b) is correct.

Explanation:

(a) Net Income:

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= $20,700

= Total assets - Total Liabilities

= 185,000 - $105,000

= $80,000

Therefore, the retained earnings at December 31, 2016 were $20,700.

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