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Olin [163]
3 years ago
13

g 7. Problems and Applications Q3 Gilberto loves watching Downton Abbey on his local public TV station, but he never sends any m

oney to support the station during its fundraising drives. Economists would call Gilberto a . True or False: The government cannot solve the problem caused by people like Gilberto. True False True or False: The private market can solve this problem by asking people to send in $1 every time they watch Downton Abbey. True False
Business
1 answer:
Helga [31]3 years ago
3 0

Answer:

free rider

False

Explanation:

✓Gilberto loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during its fundraising drives. Economists would call Gilberto ?

Answer:Free rider

Free rider can be regarded as a kind of market failure, this usually take place whenever people are enjoying the public resources, as well as services expect others to pay but himself doesn't pay or there is underpay.

✓The government cannot solve the problem caused by people like Gilberto?

Answer:TRUE.

The government cannot solve the problem since, it's local public TV station. The only way government can help is to pay and sponsor the show which can be achieved by tax revenue that government is collecting from the public.

✓The private market can solve this problem by asking people to send in $1 every time they watch Downton Abbey.

Answer: FALSE

The suggested ways by which the private market can help is to add "Commercial" into the program show then make people to watch, then through that commercial money will be generated.

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During the latest month, the company purchased and used 47,000 pounds of direct materials at a price of $1.20 per pound to produ
Nataliya [291]

Answer:

$1400 U

Explanation:

Total direct materials cost variance = (47,000 actual pounds × $1.20 actual cost per pound) − (50,000 standard pounds × $1.10 per pound) = $1,400 unfavorable

5 0
3 years ago
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in uni
Reika [66]

Answer:

485,000 units

Explanation:

The computation of the number of units manufactured is shown below:

= Number of units sold + ending finished goods units - beginning finished goods units

= 515,000 units + 87,000 units - 57,000 units

= 485,000 units

Basically we added the ending finished goods units and deduct the beginning finished goods units to the number of units sold                      

7 0
3 years ago
Using examples explain what inputs eBay might be using in conducting its business . What are eBay outputs ?
lawyer [7]
Typically, a simple way to think of an input is anything that costs money. These can be both good and bad things. A simple example would be: if I had a machine that made candy: my inputs would be the energy required to run the machine, the person required to work the machine, and the ingredients I had to put in to make the candy. My outputs might be the candy the machine made and the happiness it gave to people who ate it. A negative output might be that it made people unhealthy. 

As an internet company eBay does not have many of the typical inputs of doing business. For example, it does NOT have the cost of physical stores nor does it have the cost of depreciating inventory or any machines. For eBay, some examples of inputs would be it's people such as software engineers, marketing team, and executive staff. All overhead such as office space and the electricity to power its office space would be another example. Other examples could include the physical code behind eBay's software and money used to finance the company, and the data warehouses used to store everything. 

Outputs can be thought of as the value a company creates. eBay's outputs are also somewhat atypical. eBay does not create a physical product that they then sell so that makes this a challenging question. You could argue that eBay's store or its platform is an output. All the data it produces as a company is an output and has a lot of value. Since eBay allows people across the world to open up their own store online, you could say it's creating the social good of jobs or entrepreneurship "global employment" through this action (eBay has supported this publicly as well so you could look up more about it on Google). Another output could be eBay stores created by sellers. eBay owns PayPal so if you can think of any related to PayPal you could include those as well and cite that eBay owns the company. 

Hope that helps
8 0
3 years ago
What is hippopotomonstrosesquippedaliophobia
Rudik [331]

a fear of long words

7 0
3 years ago
Which of the following is not an example of an external failure cost? Warranty claims Handling complaints Loss of customer goodw
babymother [125]

Answer:

An example of external failure cost is:

Scrap and rework during production

Explanation:

External failure cost is the concept used in the finance, business, and management sciences to qualify the loss of a business after a product is sold. Examples involve lawsuits, legal fees, returns, etc. Now, the argument behind the answer is that warranty claims on handling are not part of the company, but the carrier and the retailer company. but scrap and rework during production is an external failure cost because after the production and selling scrap and rework during production will remain.

6 0
3 years ago
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