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krek1111 [17]
3 years ago
10

Refer to Exhibit 31-4. If a negative externality exists, then curve __________ represents the marginal social cost curve and the

area __________ represents the market failure.
Business
1 answer:
IrinaK [193]3 years ago
7 0

Answer:

Demand

Consumer interference

Explanation:

The social demand curve represents the benefit of demand to the whole society whereas the normal demand curve represents the benefits to the consumers only. The demand curve represents the social cost curve and the market failure is analyzed by the customer interference.

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When a person is unable to make a decision because they have no way to process and weigh the risks and rewards in front of them,
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3 years ago
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Charlie's brother, Alexander, also consumes apples (A) and bananas (B). Alexander's utility function happens to be U(A, B) = 5A
Andrei [34K]

Solution :

U(A, B) = 5A + 2B

a). Bundles (40, 5) = U ( _____ , 2), lie on the same indifference curve. Suppose missing numbers is x.

So, U(40, 5) = U(x, 2)

   (40 x 5) + (2 x 5) = 50x + (2 x 2)

     210 - 4  = 5x

       x = 41.2

So Alexander has 40 apples and 5 bananas. The indifference curve though (40, 5) also include bundle.

Therefore, (41.2, 2)

b). $MRS_{BA} = \frac{MU_B}{MU_A}$

                  $=\frac{\delta U/\delta B}{\delta U/\delta A}$

                  $=\frac{2}{5}$

                 = 0.4

So Alexander  has 40 apples and 5 bananas with this bundle. Alexander would like to give up 0.4 unit apples for a banana.

7 0
3 years ago
A​ company's cash account shows an ending balance of $ 4 comma 000. reconciling items included a bookkeeper error of $ 70 ​(a $
AURORKA [14]
Maybe the adjusted book balance is $45 not sure
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3 years ago
Lane Company manufactures a single product that requires a great deal of hand labor. Overhead cost is applied on the basis of st
katrin2010 [14]

Answer:

$8 per direct labor hours and $2 per direct labor hours

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = Budgeted fixed manufacturing overhead ÷ planned activity level

= $480,000 ÷ 60,000 direct labor hours

= $8 per direct labor hours

And, the budgeted variable manufacturing overhead is $2 per direct labor hours

We simply divide the budgeted fixed manufacturing overhead by the planned activity level

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3 years ago
Sarah says that overhead includes utility, rent, and salary costs. Jonas says that overhead includes liabilities and accounts pa
Scorpion4ik [409]
The answer is b
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4 years ago
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