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balu736 [363]
3 years ago
13

John receives a marginal benefit of $80 from one missile. Nick receives a marginal benefit of $50 from one missile. Christina re

ceives a marginal benefit of $65 from one missile. John, Nick, and Christina are the only people in the economy. What is the economy's marginal social benefit from one missile? $65 $195 $50 $80
Business
1 answer:
swat323 years ago
7 0

Answer:

Economy's marginal social benefit=$65

Explanation:

The economy's marginal social benefit can be calculated by getting the average of the individual marginal benefit.

This can be expressed as;

Economy's marginal social benefit=Sum of individual marginal benefit/Total number of individual's

where;

Sum of individual marginal benefit=John's marginal benefit+Nick's marginal benefit+Christina's marginal benefit=(80+50+65)=$195

Total number of individuals=3

replacing;

Economy's marginal social benefit=195/3=65

Economy's marginal social benefit=$65

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Kaylis [27]

Answer:

Yes, the cables own high quality,and they are very convenient and durable.

Explanation:

4 0
3 years ago
ABC Corp. received a 3-month, 8% per year, $1, 500 note receivable on December 1. The adjusting entry on December 31 will includ
stich3 [128]

Answer:

Option D is the correct answer.

d) debit to interest Receivable of $10

Explanation:

Under the accrual basis or principle of accounting, we match the revenue with the expenses and record the transactions in the period to which they relate to rather than when the cash is paid or received. This means that the interest receivable that is accrued for time period relating to this year should be recorded as a revenue in the current period and as an asset under interest receivable as it will be received in the next period.

Thus, the interest on the note relating to 1 month of December will be recorded as follows,

Interest Revenue = 1500 * 0.08 * 1/12 = 10

31 Dec 2021

Interest Receivable       10 Dr

    Interest Revenue        10 Cr

7 0
3 years ago
Suppose Germany produces only smartphones and tablets. The resources that are used in the production of these two goods are not
miss Akunina [59]

Answer:

The correct answer is: The shape of Germany production possibilities frontier (PPF) should reflect the fact that as Germany produces more smartphones and fewer tablets, the opportunity cost of producing each additional smartphone remains Constant.

Explanation:

The frontier of possibilities varies the production of a particular good as productive resources are assigned. However, in practice, economies produce more than one good, and since productive inputs are limited, the allocation of them to produce one good means to stop allocating resources for the production of another, this implies that by producing more than one determined well you must "sacrifice" units of the other, this concept is known as opportunity cost. When increasing the production of one good necessarily implies decreasing the production of another, then we are facing an efficient allocation of resources.

The production possibilities frontier (F.P.P.) is called the outer section of the production possibilities set. When an economy is in the F.P.P. It is not possible to increase the production of one good without diminishing the production of another, so any basket that is in the F.P.P. It is a combination of efficient production.

The production possibilities frontier allows us to directly visualize the allocations of resources that are efficient and also the opportunity cost of production, to the extent that we can determine through it how much we should decrease the production of a good, when we want to increase The production of another.

For economists all costs are opportunity costs, so this concept is important for any economic analysis.

4 0
3 years ago
The functional manager is planning the billing system replacement project with the newest project manager at the company. In dis
jonny [76]

Answer:

(A) Project life cycle

Explanation:

  • The product life cycle focuses on not only the project cost of producing the product, but the total ownership cost of the project product. The project life cycle involves the processes used to create the project's product, such as the steps to build a home or computer system.
  • The project management life cycle is the project management approach to the project. The “Program Management Life Cycle” is sound.

so correct option is (A) Project life cycle

3 0
3 years ago
In perfect competition, firms will be able to earn economic profits in: Select an answer and submit. For keyboard navigation, us
yawa3891 [41]

In perfect competition, firms will be able to earn economic profits in the short run.

<h3>What is perfect competition?</h3>

A perfect competition is characterized by many buyers and sellers of homogenous goods and services.

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

To learn more about perfect competition, please check: brainly.com/question/17110476s

6 0
2 years ago
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