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galben [10]
2 years ago
6

The Coase theorem states that A) the private sector will fail to produce the efficient amount of a public good because of the fr

ee-rider problem. B) under certain conditions, private parties can arrive at the efficient solution without government involvement. C) if there are external costs in production, the government must intervene in the market to assure that the efficient level of output is produced. D) public goods should be produced up to the point where the additional benefit received by society equals the additional cost of producing the good.
Business
1 answer:
Sonja [21]2 years ago
7 0

Answer:

B

Explanation:

One of the problems in economics is the allocation of goods in the presence of externalities. When externalities are present allocation of goods in private market won't be efficient because private parties won't internalize them and would arrive to an inefficient outcome. For many years this was an argument in favor of government intervention.

However, Ronald Coase showed that assigning property rights of the externality to one of the private parties (no matter which one) would result in an efficient outcome. This is because  the parties with the property right would then internalize the cost. Then in the bargaining process private parties would reach an efficient outcome without the intervention of the government.

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Marciano Manufacturing uses a standard cost system. Standards for direct materials are as​ follows: Direct materials​ (pounds pe
kondor19780726 [428]

Answer:

Debit Raw Materials Inventory  with $72,000; Credit Direct materials Cost Variance  with 28,200, and Credit Accounts Payable  with $43,800.

Explanation:

Direct materials purchase on account =  $43,800

Standard cost of direct materials = 12,000 * $6 = $72,000

Direct materials cost variance = $72,000 - $43,800 = $28,200

The journal entries will therefore be as follows:

<u>Details                                                Dr ($)                 Cr ($)        </u>

Raw Materials Inventory                   72,000

Direct materials Cost Variance                                   28,200

Accounts Payable                                                        43,800

<em><u>To record direct materials cost and variance.                                </u></em>

7 0
3 years ago
The main source of profit for financial institutions comes from:
Olin [163]

Answer: The correct answer is choice d.

Explanation: The main source of profits for financial institutions is the interest that it receives on money that it loans out. More specifically, the difference between interest paid on deposits and interest received on loans. The other choices do represent revenue streams for financial institutions, but they are not the primary ones.

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The costs that were incurred in a previous process and brought into a later process as part of the​ product's cost are called​ _
Fiesta28 [93]

Answer:

C. transferred in

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The process costying will have a beginnign inventory and started units which come fro mthe raw materials inventory or another process. When they come from another process are called transfer-in

This figure along with the beginning inventory total the accounted for.

Then this can be either completed or keep as Work in process.

when completed are trasnferred-out

this both figures will stand for the cost to accoung for

3 0
3 years ago
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