Answer:
1. work hard
.
2. are
3. $15.
Explanation:
1. In terms of Larry's total utility, it is worse for him to work hard
.
Larry will prefer to shirk as this is easier for him to do than actually work hard, since he stands to generate $50. So it's worse for him to work hard.
2. Sondra and Larry together are better off if Larry works hard instead of shirking.
Sondra and Larry stand to generate more money if Larry works hard because they will lose if Larry decides to shirk instead.
3. The most Sondra should be willing to pay Carrie to supervise Larry, assuming supervision is sufficient to encourage Larry to work hard, is $15.
She should pay Carry an amount half the amount they stand to lose if Larry shirks. Since they stand to lose $30 if Larry shirks, she can pay Carrie $15 to supervise Larry.
Answer:
A. socialist elements in the US Economy
Explanation:
Socialism is shared costs and shared resources. While the US economy is not socialistic, it does have elements of socialism through certain government programs.
Answer:
$37,455
Explanation:
The unit of production method of depreciation charges higher amounts of depreciation seasons of higher output. The depreciation amount is propositional to the level of production.
The formula applicable in the calculation of the unit of depreciation is as follows.
Depreciation = depreciable value / estimated production value x units produced
For this machine: depreciable value = Asset cost - residual value
Depreciable value =$264,970- $14500 = $250, 470
Estimated units to be produced = 759,000 bolts
Units produced in the second year =113,500
Depreciation for the second year
= 250, 470/ 759,000 x 113,500
=0.33 x 113, 500
= $37,455
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
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