Answer:
a) The gross cost per household per year of this policy is $2 per household.
b) The policy's benefit per sugar producer per year is $2,500 per producer.
Explanation:
This tariff policy affects households, that loss consumer surplus, and sugar producers, which have a producer surplus gain.
The loss in consumer surplus due to the tariff will be $100,000 per year.
If there are 50,000 households in Sugarland, the cost per household is:
The gross cost per household per year of this policy is $2 per household.
The benefit per sugar produced can be calculated as the total benefit per year (producer surplus) divided by the total amount of sugar producers:
The policy's benefit per sugar producer per year is $2,500 per producer.
Answer:
4.$3,750
Explanation:
The computation of the depreciation expense using the straight line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($60,000 - $0) ÷ (4 years)
= ($60,000) ÷ (4 years)
= $15,000
But we have to compute for 3 months i.e September 30, 2018 to December 31 2018
= $15,000 × 3 months ÷ 12 months
= $3,750
Answer:
Galileo devised a method that exhibits some provocative similarities to, and differences from, a Rasch approach to instrument design: Viewed as a whole, Galileo's method then can be analyzed into three steps, intuition or resolution, demonstration, and experiment; using in each case his own favorite terms.
Increased interests in cultural diversity can be attributed to personal travel, advances in communication and international trade, except natural selection. Cultural diversity refers to having a respect to different cultures and natural selections is not part of this.
Answer:
The answer is process further if incremental revenue from such processing exceeds the incremental processing costs.
Explanation: Revenue is equal to the total number of products or services sold multiplied by the unit price of one product or service.
Profit is made when the total revenue exceeds the total costs incurred during a particular production process.
The decision rule on whether to sell or process further will therefore depend on whether the marginal revenue gotten will exceed the additional costs that will be incurred in bringing a product or service to the market.
Now, if the incremental revenue gotten will be higher than the incremental processing costs, then it is advised to process further, but if the incremental revenue will be lower than the incremental processing costs, then it is advised to sell.
