Answer:
The economic surplus will decrease by $2.20
Explanation:
$81.40 and $79.20 are <em>marginal </em>cost and benefit, which are the changes to total costs and total benefits due to producing and consuming one additional barrel of oil.
They can be used to calculate <em>change </em>to economic surplus, which is the change to the net economic value received by society, which is given by:
marginal benefit - marginal cost = $79.20 - $81.40 = - $2.20
Answer:
a positive incentive I think
Explanation:
Answer:
d. $7,032
Explanation:
The computation of the interest expense is shown below:
= Sale value of the bond × market interest rate ÷ 0.5
= $117,205 × 12% ÷ 0.5
= $117,205 × 6%
= $7,032
Simply we multiply the sale value of the bond with the market interest rate so that the accurate amount of the interest expense can come.
We divide it by 0.5 because as the number of months is 6 months and total months is 12. The six month is calculated from the January 1 to July 1
Answer:
Businesses are generally free of government ownership and
control
Explanation: The answer is C.
