1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marta_Voda [28]
3 years ago
6

Classify the source of market failure in each case listed.

Business
1 answer:
Len [333]3 years ago
6 0

Answer:

Market Power

Externality

Explanation:

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

Coase theorem has been proposed as a solution to externality. According to this theory, when there are conflicting property rights, bargaining between parties involved can lead to an efficient outcome only if the bargaining cost is low

The utility company is a monopoly

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

A natural monopoly occurs due to the high start-up costs or a large economies of scale.

Natural monopolies are usually the only company providing a service in a particular region  

You might be interested in
Hubble's constant is a "constant" in that its value __________. view available hint(s) hubble's constant is a "constant" in that
prisoha [69]
<span>Hubble's constant is a "constant" in that its value </span><span>is the same across all of space and does not change on human time scales</span>. When talking about Hubble's constant it is talking about the relationship of the age of the universe and how relationships change over time as expansion happens. To keep up with the changing times, the world and evolves around the constant. 
4 0
3 years ago
How does your new budget help you to meet your long-term goal of saving for college?
Musya8 [376]

Answer:

You may reach your long-term goals quicker by putting your cash into a savings account or certificate of deposit with a high interest rate, or by investing, especially if you don’t plan to use this money for at least five years — say you’re starting a college fund for your newborn. That way you’ll allow time to build up a positive return.

Explanation:

7 0
3 years ago
5. Describe what causes a change in demand.
Misha Larkins [42]

Answer: A change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price. The change could be triggered by a shift in income levels, consumer tastes, or a different price being charged for a related product.

Explanation: mark me brainly please

3 0
3 years ago
The Omega Corporation has some excess cash it would like to invest in marketable securities for a long-term hold. Its Vice-Presi
Leokris [45]

Answer:1

Explanation:

4 0
2 years ago
Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit
ddd [48]

Answer:

A. Material 200,000

Conversion 170,000

B. Materials $ 1.80

Conversion $ 1.55

C. Cost of units completed and transferred out $288,000 $ 248,000 $ 536,000

D. Cost of beginning work in process inventory $50,000

Costs added to production during the period $573,500

Explanation:

A. Calculation for the Blending Department's equivalent units of production for materials and conversion in June.

Equivalent units of production:

Materials

Transferred to next department

160,000

Equivalent units in ending work in process inventory:

Materials: 40,000

(40,000 units × 100% complete )

Equivalent units of production 200,000

Conversion

Transferred to next department

160,000

Add Conversion10,000

40,000 units × 25% complete

Equivalent units of production 170,000

B. Calculation for the Blending Department's cost per equivalent unit for materials and conversion in June.

Cost per equivalent unit:

Materials Conversion

Cost of beginning work in process $25,200 $24,800

Cost added during the period 334,800 238,700

Total cost $360,000 $263,500 (a)

Equivalent units of production

200,000 170,000 (b)

Cost per equivalent unit (a) ÷ (b) $ 1.80 $ 1.55

Materials =($360,000÷200,000=$ 1.80)

Conversion=($263,500÷170,000=$ 1.55)

C. Calculation for the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June.

Materials Conversion Total

Ending work in process inventory:

Equivalent units 40,000 10,000

Cost per equivalent unit $1.80 $1.55

Cost of ending work in process inventory $72,000 $15,500 $ 87,500

Units completed and transferred out:

Units transferred to the next department 160,00 160,000

Cost per equivalent unit $1.80 $1.55

Cost of units completed and transferred out $288,000 $ 248,000 $ 536,000

D. Preparation of a cost reconciliation report for the Blending Department for June

Cost of beginning work in process inventory $50,000

($25,200 + $24,800)

Costs added to production during the period $573,500

($334,800 + $238,700)

3 0
3 years ago
Other questions:
  • 1. Assume that Walmart can borrow at yield of 5% in USD (5-year, zero coupon debt, issued in the US), before issuance costs. Alt
    7·1 answer
  • By what food contamination caused by pathogens on a food handler body can be controlled by good personal hygiene, time-temperatu
    8·2 answers
  • Mary Jane is a lawyer who can earn $150 per hour in her law practice. She is also an excellent carpenter who can build cabinets
    14·1 answer
  • Tulane Tires wrote a contract for a $110,000 sale to the new Garden District Tour Company. Tulane only anticipates a slightly gr
    13·1 answer
  • Bayside Coatings Company purchased waterproofing equipment on January 2, 20Y4, for $190,000. The equipment was expected to have
    6·1 answer
  • What does it mean to “diversify” your portfolio?
    6·1 answer
  • On April 1, Quality Corporation, a U.S. company, expects to sell merchandise to a French customer in three months, denominating
    12·1 answer
  • Using the following data, prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of Jas
    10·1 answer
  • On February 1, 2020, Nash's Contractors agreed to construct a building at a contract price of $5,700,000. Nash's estimated total
    15·1 answer
  • A company makes travel umbrellas. Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas are $500 fo
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!