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alukav5142 [94]
3 years ago
6

Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the m

arginal benefit is $81.60. If one more barrel of oil is produced and consumed surplus changes?The Economic surplus will ____.a) decrease by $161.00.b) increase by $2.20.c) increase by $81.60.d) decrease by $2.20.
Business
1 answer:
Alona [7]3 years ago
3 0

Answer:

b. Increase by $2.20

Explanation:

Economic Surplus is the total benefit to society from production.

If an additional unit is produced the additional cost will be $79.40 and it will the additional benefit of $81.60.

So the surplus = benefit - cost = $81.60 - $79.40 = $.2.20

They are marginal quantities (change made by additional unit) so everything has been taken into account for the deriving of change to surplus.

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Holdt Inc. produces and sells a single product. The selling price of the product is $230.00 per unit and its variable cost is $6
katovenus [111]

Answer:

A. $1,300 units

Explanation:

Data provided

Fixed expenses = $212,290

Product price = $230.00

Variable cost = $66.70 per unit

The calculation of  break-even in monthly unit sales is shown below:-

Unit sales to break even = Fixed expenses ÷ Unit Contribution Margin

= $212,290 ÷ ($230.00 per unit - $66.70 per unit)

= $212,290 ÷ $163.30 per unit

= $1,300 units

Therefore for computing the units sales to break even we simply applied the above formula.

3 0
3 years ago
(02.08 LC)
sweet-ann [11.9K]

Answer:

As we all know, goals are a part of all business setups and plans. The acronym SMART in smart goal stand for Specific, Measurable, Achievable, Realistic, and Timely.

Stating the goal comes under the specific part of the SMART goal. Measurable part of the SMART goal measure your progress towards the accomplishment of the goal. Hence, the correct options are Specific and Measurable.

3 0
3 years ago
Which company ethics safeguard is commonly implemented as an employee “helpline”?
MakcuM [25]
Companies have helplines to have an anonymous way for employees to express their ethical issues they notice. By having this helpline, information that needs to be expressed is able to be and no one has to feel unsafe about doing so because it is anonymous. This reporting mechanism is used within many large corporations. 
5 0
3 years ago
In order to reduce demand for drugs there must be a symbiosis between ____________.
Inessa [10]
Treatment and enforcement. There is a quizlet on it, just copy and past this question on google and it's the first that pops up.
5 0
3 years ago
Assume that Pope Enterprises held a $10,000, 10 percent, six-month note signed by Mary Drew. On December, 1, 2015, the maturity
Sergio039 [100]

Answer:

See explanation section.

Explanation:

The journal entry to record the failure of paying note receivable which is dishonored by pope, is as follows:

December 1, Accounts receivable      Debit         $10,500

Notes receivable                                  Credit        $10,000

Interest receivable                                Credit       $500

Calculation: Interest receivable = $10,000 × 10% = 1,000 × 6 ÷ 12 = $500

If a customer pays the bill later, a new interest will have to pay to the seller.

8 0
3 years ago
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