Answer:
$1350
Explanation:
To find dead weight loss we will take into consideration the price and output level of both monopoly and perfect competition.
Dead weight loss = {(P2 - P1) * (Q1-Q2)} / 2
Where, P2 and Q2 are price and quantity respectively of monopolist and P1 and Q1 are price and quantity respectively of perfect competiton.
Dead weight loss = {(130-40) * (60-30)}/2
= (90*30)/2
= $1350
Answer:
D. $96,000
Explanation:
We will allocate the cost on maintenance by first stablishing a rate per maintenence hour:
As this is direct method we aren''t doing an allocation to other service department we directly allocate against production department A and B
total hours: 480 + 320 = 800
160,000 total cost /800 hours = 200 per hour
Department B hours: 480
allocate to department B: 480 x 200 = 96,000
Answer:
ALL OF THESE DESCRIPTIONS SUITS AN IDEAL MARKETER.
Explanation:
A MARKETER HIGHLIGHTS HIS OWN PRODECT.
COMPARITIVELY KEEPS A BETTER PRICE.
PROMOTES THE PRODUCT IN AN ATTRACTIVE WAY.
Answer:
D. The income statement because it recognizes revenues at the time of sale (whether payment has been received or not) and recognizes expenses when they are incurred.
Explanation:
The income statement in accordance to the accrual basis and matching concept recognizes revenues at the time of sale (whether payment has been received or not) and recognizes expenses when they are incurred.
The business exists for a profit motive and it is the income statement that reveals whether or not the company is doing so, on a monthly, quarterly and annual basis.
Again, the listing of all categories of expenses on the income statement makes it possible to focus attention on which cost has to be brought under control to improve profitability.
Answer:
The correct answer is option B.
Explanation:
Comparative advantage refers to the situation when a nation or individual is able to produce a good or service at a comparatively lower opportunity cost. The nation is said to specialize in the good or service it can produce at a lower opportunity cost.
Trade through specialization helps both the nation involved in the trade to consume more. Each nation produces more of the good it specializes in and exchanges it for the good it does not specializes in.
In this way, both of them are able to consume beyond their production possibility curves.
