Answer:
Differential cost of Alternative B over Alternative A=$61,600
Explanation:
Differential Cost:
It is the difference in costs if there are more than one alternatives and one alternative is chosen while rejecting the other alternatives.
In order to calculate the differential cost of Alternative B over Alternative A, including all of the relevant costs we first calculate the total cost of both alternatives and then tae the difference.
Total Of Alternative A=Material Cost+Processing Cost+Equipment Rental+occupancy costs.
Total Of Alternative A=$28000+$34000+$11000+$19500=$92,500
Total Of Alternative B=Material Cost+Processing Cost+Equipment Rental+occupancy costs.
Total Of Alternative B=$64000+$34000+$28500+$27600=$154,100
Differential cost of Alternative B over Alternative A=Total Of Alternative B-Total Of Alternative A
Differential cost of Alternative B over Alternative A=$154,100-$92,500
Differential cost of Alternative B over Alternative A=$61,600
Answer:
The incorrect statement is letter "B": Residents of Canada meet the definition as a qualifying person.
Explanation:
Credit for Other Dependent is a tax credit taxpayers can claim for every qualifying dependent that is not considered as a Child Tax Credit (17 years or older and elderly parents). The taxpayer can get up to $500 nonrefundable credit for each of those qualifying dependents. Residents of Canada and Mexico do not meet the definition of qualifying dependent.
Answer:
A monopsony is market where there is only one buyer, e.g. the government is the sole buyer for nuclear submarines in the US.
The demand curve of a monopsony is similar to the demand curve of any other type of market, i.e. it is downward sloping. Since there is only 1 buyer, the demand curve is also the supply curve. If the monopsonist wants to increase the quantity demanded at a lower price, the supplier (or suppliers) must be able to lower its costs and that generally results in lower labor costs.
Answer:
A. elective surgery due to its lower marginal utility per dollar of expenditure.
Explanation:
As there is non essential elective surgeries, as from government's point of view since it is non essential that is not required and not utilized by major citizens of the country, and since there is requirement of budget cut-down. The government shall remove elective surgery.
as the amount of expenditure involved in these surgeries is also high and the resulting utility for each surgery is really low, it shall be removed.
Answer: Option B
Explanation: Service facilities refers to those companies that have business of providing services such as emergency medical care, automobile repair etc.
These firms belongs to service industry in which every customer might need a little bit different work from the others. Thus, in order to know their customers specific wants and preference they must have a close relationship with them.
Hence from the above we can conclude that the right option is B.
