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blsea [12.9K]
3 years ago
6

The presence of pollution in the dry cleaning industry leads in the long run to dynamic inefficiencies because:

Business
1 answer:
erica [24]3 years ago
5 0

Answer:

D) firms whose average private cost is less than price will stay in (or enter) the dry cleaning

industry even though their average social cost exceeds price.

Explanation:

When there is pollution as a result of the daily business, then it involves a huge social cost, as you cause harm to public.

But company's do not consider it in making the decision for business, as it generally do not impact the business in financial matters.

As even if the average cost is less then revenue the profit will be there to run the business.

But till the moment the financial impact is not strong of the social cost the pollution will not affect.

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Scott defines "minority owned" in his study of businesses in Northeastern City as being those businesses that are currently owne
Sphinxa [80]

Answer:

conceptualized

Explanation:

Based on the information provided within the question it can be said that in this scenario Scott has conceptualized the concept of "minority owned". This term refers to when an individual creates an abstract but very simplified view of something. Which in this case he gave the term "minority owned" a simplified definition of being only owned by women or African Americans, when there can be many other minorities in a certain area.

4 0
2 years ago
Bailey Co. changed their accounting for insurance expense from the cash-basis to the accrual-basis in the current year. In Janua
Rina8888 [55]

Answer:

$60,000

Explanation:

Since Bailey Co. changed their accounting for insurance expense from the cash-basis to the accrual-basis in the current year, and in January of the prior year, Bailey recorded insurance expense of $240,000 for the cash purchase of a four-year insurance policy.

Bailey should report the insurance transaction in the current year's financial statements of an amortization of the insurance expense over the four year period, and take account the portion that pertains to the current year.

Therefore = $240,000 / 4 years = $60,000 per year

3 0
3 years ago
Read 2 more answers
Billy Bob runs a seafood restaurant. Last year, he earned $70000 in revenue. He had explicit costs of $15000. Billy Bob could ha
olganol [36]

Answer:

Accounting profit= $55,000

Explanation:

Giving the following information:

Last year, he earned $70000 in revenue. He had explicit costs of $15000.

<u>The accounting profit doesn't take into account the opportunity cost of other income options.</u>

Accounting profit= 70,000 - 15,000= $55,000

6 0
3 years ago
The Making Ethical Decisions box "Good Finance or Bad Medicine" has an important message for managers who make financial decisio
Nataly [62]

Answer:

A. Managers must balance good economic decisions with socially forward thinking.

Explanation:

Good Finance or bad medicine refers that if you are aware of finance or you have studied the finance subject so you are capable of making the financial decisions which give you the better return at less risk in near future and if you are not aware of finance than it would lead to the worst situation

Therefore the first option depicts the given message i.e making a better balance in the economic decisions with the help of forward-thinking i.e. to be social

8 0
3 years ago
The state and local police departments are trying to analyze crime rates so they can shift their patrols from decreasing-rate ar
Mars2501 [29]

Answer:

= 0.008

Explanation:

Base on the scenario been described in the question , to develop a p-chart, first calculate as shown below:

P bar= total number of defective units from all samples /(number of samples ×sample size)

= 100/(12×1000)

= 100/12000

= 0.008

Thus, the p bar is 0.008

5 0
2 years ago
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