Answer:
Stephenson Company
The amounts that are relevant for the selection of one contract over another are:
a) Contract revenue and labor costs
Explanation:
a) Data and Calculations:
Contract X Contract Z
Contract Revenue $ 200,000 $ 260,000
Materials 10,000 10,000
Labor 88,000 120,000
Depreciation on Equipment 8,000 10,000
Cost Incurred for Consulting Advice 1,500 1,500
Allocated Portion of Overhead 5,000 3,000
b) The costs of materials and cost incurred for consulting advice, though variable, are equal in each contract. They are not relevant in determining the contract to choose. Contract revenue and labor costs are variable and not equal. They are relevant in determining the contract to select. They make a difference in the decision. Depreciation and overhead costs represent sunk costs. They are not relevant in the decision.
The term "Ceteris paribus" means the notion that all variables except those under immediate consideration are held constant for a particular analysis.
<h3>
What is Ceteris paribus?</h3>
It is a Latin phrase that means "all other things being equal", but in economics, it means the indication of the effect one economic variable has on another provided all other variables remain the same.
Hence, the phrase means the notion that all variables except those under immediate consideration are held constant for a particular analysis.
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Answer:
a) Services such as web
b) International trade agreements
c) Better high-speed rail lines
Explanation:
a) Services such as web conferencing and teleconferencing that facilitate international meetings International trade
Trading Partners are able to reach each other way faster and conclude deals in times that would be considered a record in the 50's. Transaction costs have also been reduced enabling more trade.
b) International trade agreements such as the General Agreement on Tariffs and Trade (GATT)
Such agreements have reduced barriers to entry for companies doing business across borders. This has had the effect of trade increasing dramatically to take advantage of these agreements.
c) Better high-speed rail lines
With advancements in railway technology leading to faster rail lines, trade has moved at an unprecedented pace, taking advantage of one of the main conduits for international trade to move goods across borders to get goods to consumers quicker.
Answer:
True
Explanation:
it makes them feel that the more popular product is the better one
Answer:
allowances; allowances; reducing.
Explanation:
Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.
Offset trading refers to a type of trading system that is typically designed for the realization of more efficient pollution control.
Additionally, a free market in tradable pollution permits simply means giving manufacturing companies and individuals the legal right to pollution of the environment. For example, ABC company is purchasing the permit of 500 units of carbon dioxide (CO2) pollution annually, this simply means it is permitted to pollute the environment by 500 units of CO2 annually.
Furthermore, a free market in tradable pollution permits has some sort of benefits as companies can resell their unused permits or devise a cheaper means of reducing pollution. It also compensate companies that significantly reduces its pollution of the environment.
Hence, a government could issue allowances or permits to companies, thereby, giving them the permission and authority to emit certain amounts of pollutants. In theory, an increase in the market clearing price of allowances should stimulate the business firms to develop effective and efficient methods of mitigating their emissions of greenhouse gases (pollutants) such as methane, water vapor, carbon dioxide, etc.