The environmental protection agency was formed in 1970, Exchange in the immediate environment is this an example of Governmental bodies and the firm.
<h3>What was the goal of the 1970 Environmental Protection Act quizlet?</h3>
- This act's objective is to "promote productive and joyful harmony between man and his environment." In 1970, the Environmental Protection Agency (EPA) was established. The cleanup of toxic waste left behind from decades of unrestricted dumping was its primary focus.
- The Environmental Protection Agency's principal responsibility is to regulate environmental law. It was founded in 1970. They put in place programs to reduce pollution and protect the environment. Describe the federal rules and regulations in place to protect the environment from air pollution.
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The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year.
Answer:
The correct answer is (a) $41,800.
Explanation:
Solution:
Given that:
The first step taken is to calculate for depreciation on sold equipment:
Amount($)
Accumulated depreciation in Year -1 (a) = 540000
Depreciation for the year 2 (b) = 48000
Accumulated depreciation to be in year 2 c=(a+b)=588000
Reported accumulated depreciation in year 2(d)=460000
Thus,
Depreciation on sold Equipment e= (c-d) = 128000
Now,
The second step is to calculate sale proceeds:
Cost (a)= 164000
Depreciation(b) =128000
The written dawn value c=(a-b) = 36000
Gain on sale of equipment (d)=5800
The Sale Price (c+d)=41800
Therefore, the sale of the equipment is $41,800
Answer:
Elasticity = 1,08
Explanation:
Elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the elasticity of income, a formula is used that divides the observed change in quantity (Q) by the change in price of income (P). Elasticity = [▲ Q /Q]/ [▲ P
/P]
At first, Blake consumed 2 generic potatoes and his income was $ 8. After raising the income to $ 15, he decreased the amount of generic potatoes by one.
So, we have:
E = [(2-1)/1] / [(15-8)/15)]
E = 0.5/ 0,46 = 1,08
Plus: When elasticity is greater than 1, we say that the demand for generic potatoes is elastic relative to income, ie, increasing income decreases the amount of generic potatoes and decreasing income increases the demand for generic potatoes. Therefore, Blake's demand for generic potatoes is elastic relative to his income variation.
If the result were less than 1, the demand for potatoes would be considered inelastic (not sensitive to changes in income).
Answer:
B.
Explanation:
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