Answer: B. is not a true statement. Most of the time monopolies do NOT benefit social welfare, they often put social welfare at a disadvantage.
Answer: 1.67 yards of textiles
Explanation:
The country can either produce 10 yards of textiles or 6 pounds of food. Opportunity cost of producing one additional unit of food instead of textiles will therefore be;
= 10/6
= 1.67 yards of textiles
<em>This shows that for every pound of food produced, 1.67 yards of textiles are foregone. </em>
Deflation means that your money has more buying power, thus it decreases the burden of paying off your loan because (in theory) you would have more money available to pay your loan since other prices have gone down.
1) ERROR OF PRINCIPLE
2) Rs. 500,000/-.
3) 14,40,000
4) Profit=2,00,000
Explanation:
1)
Error Committed by Mr. Imran is "ERROR OF PRINCIPLE" . Error of Principle Means a transaction which is not in accordance with Generally accepted accounting principle( GAAP). In this case Mr. Imran has wrongly debited to revenue expenditure instead of debiting to Plant and machinery.
2)
The assets side of Balance sheet is understated by Rs. 500,000/-.
3)
Fixed Assets correct amount= Fixed assets before correcting the errors + installation charges
=9,40,000+5,00,000
=14,40,000
4)
Correct Profit= Profit/(loss) Before correcting the error+Installation Charges
Profit= (3,00,000)+5,00,000
Profit=2,00,000
Answer:
The fixed costs per month are $50,000.
Explanation:
The problem can be presented as a system of 2 equations with 2 variables:
Where:
<em>y</em> are the fixed costs,
<em>x </em>are the variable costs per unit produced.
You can solve the system by the method you like. In this case im using the Gaussian Elimination method.
We start with the following AX = b matrix.
![\left[\begin{array}{ccc}1&16000\\1&8000\\\end{array}\right] * \left[\begin{array}{ccc}y\\x\\\end{array}\right] = \left[\begin{array}{ccc}80000\\65000\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%2616000%5C%5C1%268000%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%2A%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Dy%5C%5Cx%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D80000%5C%5C65000%5Cend%7Barray%7D%5Cright%5D)
We substract the second row by the first row.
![\left[\begin{array}{ccc}1&16000\\0&-8000\\\end{array}\right] = \left[\begin{array}{ccc}80000\\-15000\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%2616000%5C%5C0%26-8000%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D80000%5C%5C-15000%5Cend%7Barray%7D%5Cright%5D)
We divide the second row by (-8000):
![\left[\begin{array}{ccc}1&16000\\0&1\\\end{array}\right] = \left[\begin{array}{ccc}80000\\1.875\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%2616000%5C%5C0%261%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D80000%5C%5C1.875%5Cend%7Barray%7D%5Cright%5D)
We substract the first row by 16,000 times the second:
![\left[\begin{array}{ccc}1&0\\0&1\\\end{array}\right] = \left[\begin{array}{ccc}50000\\1.875\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%260%5C%5C0%261%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D50000%5C%5C1.875%5Cend%7Barray%7D%5Cright%5D)
Multiplying this reduced matrix by the X matrix to interpret the results:
![\left[\begin{array}{ccc}1&0\\0&1\\\end{array}\right] * \left[\begin{array}{ccc}y\\x\\\end{array}\right] = \left[\begin{array}{ccc}50000\\1.875\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%260%5C%5C0%261%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%2A%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Dy%5C%5Cx%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D50000%5C%5C1.875%5Cend%7Barray%7D%5Cright%5D)
We can say that Mendoza Company's has<em> y = $50,000</em> fixed costs and each unit costs <em>x = $1.875</em> to produce. Therefore the answer to the problem is $50,000.
