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Vinil7 [7]
4 years ago
5

When external costs are present, Group of answer choices democratic political decision-making can be counted on to improve the e

fficiency of resource allocation. market allocation will achieve idealized economic efficiency. the conditions implied by idealized efficient allocation of resources will be absent, but it does not follow that political action will improve the situation. democratic political decision-making will never be able to improve the efficiency of resource allocation.
Business
1 answer:
MaRussiya [10]4 years ago
3 0

Answer:

The correct answer is the first option: Democratic political decision-making can be counted on to improve the efficiency or resource allocation.

Explanation:

To begin with, in the microeconomics theory, when there are external costs it means that people external to the transaction or situation are being involved in it and therefore that they are getting costs for that particular situation that they did not asked for it. That is why that according to the microeconomics theory when there are external situations to the market, this last one may sometimes not be able to efficiently allocate every resource to everybody and it is in that time when the government as a public state must entry in order to try its best to find the efficiency in the distribution of the limited resources.

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9) Given the following information, compute the total number of units for the period: Direct labor hours 12,000 Direct labor cos
pochemuha

Answer:

C) 640 units

Explanation:

Given that

Total manufacturing cost = $132,600

Per unit material cost = $75

Fixed overhead cost = $36,000

Variable overhead cost = 50% of total labor cost

The computation of total number of units is given below:-

Variable overhead cost

= 12,000 × $2.70 × 50%

= $16,200

Direct labor cost

= 12,000 × $2.70

= $32,400

Total Direct material cost = Total manufacturing cost - Variable overhead cost - Fixed overhead cost - Direct labor cost

= $132,600 - $16,200 - $36,000 - $32,400

= $48,000

Total number of units = Total Direct material cost ÷ Direct materials cost

= $48,000 ÷ $75

= 640 units

7 0
3 years ago
You go to the movieplex where movies ordinarily cost $10. you are intending to see a movie for which you have a $3 off coupon go
Nata [24]
Well, you couldn't use the coupon because its only for that one specific movie you were gonna see and since its at the same time as the new release, you couldn't reuse the coupon. If you do go with your friend, Its $10 a person. If you're paying for both of you, it would be $20. If you are paying for yourself, its just $10. If your friend has a coupon like you had (but for the new release and same time) then it would be $17 total if you paid for both tickets. Hope this helps :) 
6 0
4 years ago
The government has set a price floor on bread. Manufacturers cannot sell loaves for less than $5.00, which is a dollar above the
Ber [7]
Draw the supply/demand curve. The line is above market equilibrium....the question literally states that the price rises, and since the supply curve has a positive slope (assuming unit elasticity), the supply will increase. Meanwhile, the demand curve has a negative slope (still assuming unit elasticity), so the demand for it will decrease. This will result in a surplus, aka, an excess supply.
7 0
3 years ago
White truffles are a very prized and rare edible fungus that grow naturally in the countryside near Alba, Italy. Suppose that it
Darina [25.2K]

Explanation: Take (t), if white truffles is $100 to sell, as x is the amount of people searching for truffles. you divide 100 by 20, that leaves, 5, x-x2 is x, so the answer would be, x equals 5.

5 0
4 years ago
At Blossom Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciat
Arlecino [84]

Answer:

$99,200

Explanation:

Calculation to determine The effect of these events and transactions on 2020 income from continuing operations net of tax would be

Using this formula

Effect income from continuing operations net of tax=Strike loss amount-(Strike loss amount*Tax rate )

Let plug in the formula

Effect income from continuing operations net of tax=$124,000 - ($124,000 × .20)

Effect income from continuing operations net of tax=$124,000-$24,800

Effect income from continuing operations net of tax=$99,200

Therefore The effect of these events and transactions on 2020 income from continuing operations net of tax would be $99,200

5 0
3 years ago
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