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kirill [66]
3 years ago
8

True or False: Economists believe that social regulation is an exception to the MB = MC rule because social regulation should in

every case extend as far as possible in order to ensure safe products, less pollution, and improved working conditions.
Business
1 answer:
Soloha48 [4]3 years ago
8 0

Answer:

TRUE

Explanation:

The statement is True. Economists believe that social regulation is an exception to the MB=MC rule. The social regulation is an important aspect for a company as a repsonsibility towards the society. There must be awareness among the customers about the products offered to them and advantages of its utilisation to them. This includes the efforts of the companies to advertise the product ina proper manner. It also requires the company to be fair with their customers with respect to the ingredients or the raw material to be used by the manufacturers of the products. The working conditions of the manufacturing firms must be adequate for the employees to deliver an efficient product.

Thanks

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ASHA 777 [7]

Answer:

1. b.Excess Supply

2. e.Equilibrium Quantity

3. c.Equilibrium

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5. d.Excess Demand

7 0
2 years ago
Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1
anzhelika [568]

Answer:

The Journal entries are as follows:

(a) On January 1, 2020

Cash A/c(6,000 bonds × $102) Dr. $612,000

         To Bonds payable                                  $600,000

         To premium on bonds payable             $12,000

(To record the issuance of the bonds)

Workings:

premium on bonds payable = $612,000 - $600,000

                                               = $12,000

(b) On July 1, 2020

Interest expense A/c                  Dr. $29,700

Premium on bonds payable A/c Dr. $300

        To cash A/c                                            $30,000

(To record the interest expense)

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(c) On December 31, 2020

Interest expense A/c                  Dr. $29,700

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(To record the accrual of interest expense)

8 0
3 years ago
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svetoff [14.1K]

Answer:

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<u>First, we need to calculate the total variable cost:</u>

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unitary contribution margin= selling price - unitary variable cost

unitary contribution margin= 4.1 - 1.58

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