Determine the starting current (LRC)

How do worker organizations influence wages?

swat32

B. They fight for higher pay for workers.

8 0

3 years ago

The tragedy of the commons occurs because

kow [346]

<span>c. common resources are rival in consumption. In the tragedy of the commons, William Forster Lloyd presented the example of a common resource being over used and destroyed because for any individual abusing the resource, they gained a benefit while the damage to the resource was paid by everyone. So let's look at the available options and see what makes sense, or doesn't make sense. a. people consider the value of resources in the future more than in the present. * If this were true, the there wouldn't be a tragedy of the commons. So this is an incorrect answer. b. markets do not account for the presence of property rights. * The tragedy of the commons doesn't involve property rights. EVERYONE in the community is allowed to use the commons. The problem is irresponsible overuse of the common resource. So this is also an incorrect answer. c. common resources are rival in consumption. * This is the correct answer. The concept of Rivalry is where a common resource can not be simultaneous consumed by multiple users, or if the consumption of a resource decreases its utility to another consumer. In the tragedy, if one person grazes (consumes) more than their fair share, the commons gets over grazed and over time stops producing. Each person who's overgrazing does get a tangible short term benefit for doing so, but everyone has to pay the cost. d. government does not efficiently allocate society's scarce resources. * This is also a wrong answer. It's true that the commons could be regulated by the government, but then it would no longer be the commons.</span>

8 0

3 years ago

If you had a choice how much are you willing to pay per month to have access to and use the various social media platforms?

svet-max [94.6K]

Answer: $10 per month

Explanation:

$10 would be an ideal amount for me to pay to have access to the various social media sites if the major sites are on offer.

I think this amount reasonable because I do not use social media all that much but I would still like access to a variety of them. I would essentially therefore, be paying for my reduced time on the net.

Some might say that the companies might not make a profit if they charge $10 a month but I think they will because they make most of their money from ads so it would be good for them to offer the lowest subscription prices so that they can capture more people which will appeal to advertisers.

6 0

3 years ago

Lund Company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of direct labor cost. Any under o

swat32

Answer:

The correct answer is B= $61,500

Explanation:

Giving the following information:

Lund Company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of direct labor cost.

Any under or overapplied overhead is closed out to Cost of Goods Sold at the end of the calendar year.

During March:

Raw materials purchased= $27,00

Raw materials used in production= $28,000

Direct labor hours work= 2,500

Direct labor cost incurred= $20,000

Indirect labor cost incurred= $5,500

Manufacturing overhead costs incurred= $17,000

Raw material inventory, ending= $7,500

Work in process inventory, beginning= $10,500

Work in process inventory, ending= $14,000 (contains $5,000 of direct labor cost)

Cost of good manufactured= beginning work in process + direct material used + direct labor + manufacturing overhead - ending work in process

Cost of good manufactured= 10500 + 28000 + 20000 + 17000 - 14000= $61,500

4 0

4 years ago

On February 1, Hansen Company purchased $120,000 of 5%, 20-year Knight Company bonds at their face amount plus one month's accru

Alisiya [41]

Answer:

$5,000

Explanation:

interest earned on the first coupon = ($120,000 x 5% x 6/12) - ($120,000 x 5% x 1/12) = $2,500

interests earned until October (for the $40,000) = $40,000 x 5% x 3/12 = $500

interests earned until December (for $80,000) = $80,000 x 5% x 6/12 = $2,000

total interest earned during the year = $2,500 + $500 + $2,000 = $5,000

3 0

3 years ago