Answer:
The correct answer is d. marginal cost of abatement is the same across all polluters.
Explanation:
According to the pollution economy, the marginal cost of reduction refers to the distribution made to determine the level of impact that falls on the environment and that is taken into account as an incentive for the reduction of polluting emissions. For this calculation, all pollutants are considered to have the same impact, which suggests that for the pollution economy there is no different determination to calculate the marginal cost of the impact.
Trading of goods because people came back for more
Answer:
The correct answer is letter "E": deliver goods in conformity with the contract.
Explanation:
The perfect tender rule states that in a sales contract of goods, the seller must provide the buyer with the products that match perfectly the buyer's need. This rule is opposed to the <em>substantial performance</em> that states that at least part of the contract agreed must be fulfilled so that it can be considered legit.
Answer: $26.48
Explanation:
The total cost of producing 2,000 units of Job 434 is;
= Direct materials + Direct labor cost + Manufacturing overhead cost
= 41,000 + (620 hours * 13 ) + ( 10 * 390 hours)
= $52,960
Unit product cost:
= total cost/ no. of units
= 52,960/ 2,000
= $26.48
When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is <u>rightward</u>.
<h3>What is production possibility frontier?</h3>
A model used to illustrate the trade-offs related to splitting resources between the production of two items is called the Production Possibilities Curve (PPC). The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.
The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it means that if you choose one activity, you forfeit the chance to do another.
We can produce more as the economy expands and all other factors remain the same, hence this will cause a movement in the production possibilities curve to the right, or outward.
Learn more about opportunity cost on:
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