Two firms, A and B, each currently dump 50 tonnes of chemicals into the local river. From now on both firms will require a pollution permit for each tonne of pollution dumped into the river. The government gives each firm 20 tonnes’ worth of pollution permits, which it can either use or sell to the other firm. It costs Firm A $100 for each tonne of pollution that it eliminates before it reaches the river, and it costs Firm B $50 for each tonne of pollution that it eliminates before it reaches the river. What is likely to happen?
Answers
Answer:
10 fewer tons of pollution into the river and Firm B will dump 50 fewer tons of pollution into the river.
Explanation:
Firm B will SELL ALL of its allotted 20 permits, and clean up all of its 50 units of pollution. The price per permit will be above $50 each. Firm A will BUY ALL 20 of B's permits. It will then dump 40 tons into the water, and will clean up its remaining 10. The price it pays for a permit will be under $100.
Answer:
Firm B will sell all its permits to Firm A i.e ( lesser chemical dumps into the river )
Explanation:
Firm B will rather sell all its 20 tonnes worth of pollution permit to firm A because it would cause Firm B lesser than Firm A when they dispose off their wastes before it gets to the River hence they will rather dispose off their waste rather than paying/purchasing pollution permits while
Firm A will buy out all of Firm B's allotted pollution permits to reduce the number of tonnes they would dispose off before getting to the river. this is because it would cause them more when they dispose off their waste before getting it to the river. hence the End product of the whole arrangement will be Chemical dumps into the River will be reduced drastically to 40 overall instead of 100 due to the cost of dumping permits.
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Gelb Company currently manufactures 51,500 units per year of a key component for its manufacturing process. Variable costs are $5.15 per unit, fixed costs related to making this component are $65,000 per year, and allocated fixed costs are $78,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.90 per unit. Calculate the total incremental cost of making 51,500 units and buying 51,500 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier?
During March, Zea Inc. transferred $55,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $61,000. The journal entries to record these transactions would include a:
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Carter divorced his wife in the current year. In accordance with the divorce decree, he paid her $15,000 as a property settlement in the division of their net assets. In addition, he paid her $10,000 in partial fulfillment of the annual requirement to pay her $12,000 a year in child support. What amount may Carter deduct on his tax return for the current year
Answers
Answer: The stated purpose of the food administration during the great war was to reduce food consumption by civilians (B)
Explanation:
The U. S. Food Administration was the department responsible for the administration of the United States army abroad and food reserves of its allies during the World War 1. An important role of the United States Food Administration was the regulation of the price of wheat in the market.
During the war, the United States was short of commodities because the commodities were sold to their allies hence, every citizen were asked to donate horses, weapons and ammunition they had to help supply the army. It was done so that food for soldiers wouldn't be an issue.
Answer: D
It collected food donations to be sent to soldiers in Europe
Explanation:
On August, 1917 almost immediately after US joined the World War I, the US food administration was set up to manage wartime supply of food. A voluntary program was set up where Americans were encouraged to donate foods to US troops and its allies by modifying their eating habits and also reducing their consumption levels.
Answers
Answer:
Its the ability of a nation to produce a good or a service at the lowest opportunity cost.
Explanation:
According to the law of comparative advantage, a nation should produce only a good or a service if the opportunity of cost of producing it is among the lowest among its trade partners. It will give a nation or a company to sell the goods at the lowest possible prices and therefore gathering the maximum economic growth.
This law will allow people to specialize in certain skills therefore reducing the cost of production in the long run, therefore increasing the economic gains. Similarly, a nation should import goods, if the opportunity cost of producing that good is higher than partner nations. Thus, the international trade will allow people to specialize in their areas of expertise and increase their productivity over time. Therefore, the overall global economic output will increase, increasing the people's standards of living.
Answers
Answer: Option E
Explanation: Unhealthy company culture refers to negative environment within the organisation that affects all the members working in it. In simple words, it is the behavior of the organisation towards its various stake holders.
A hyper adaptive culture in an organisation depicts that the employees of the organisation have the ability to adjust in new situations, thus, the company could grab new opportunities better than others. This will result in competitive advantage to the company.
Hence, option D is an example of healthy company culture.
Answers
Final answer:
The government pays for roads, schools, and emergency services through the collection of taxes on income, property, and sales. The money is then allocated in the budget for various public services. Both federal and state governments contribute to these expenses, with an important chunk of it going towards education.
Explanation:
The government pays for public goods such as roads, schools, and emergency services through the collection of taxes and drafting budgets. These taxes can be imposed on income, property, and sales. The revenue raised is then allocated for various public services. For example, on a local level, funds are allotted for education, police, and fire departments. State governments allocate money for state colleges and universities, and maintenance of state roads and bridges. On the national level, money goes to things such as defense, Social Security, and maintenance of federal courts.
Figure 1.2 highlights the importance of these services, by showing a fire department ambulance rushing to help, paid for by the government through the tax base. The aim is to assure that everyone makes a contribution and to prevent free riders, hence taxes are often enforced through law. It is worth noting that while federal government spending often gets the majority of attention, state and local government spending is also substantial, with a significant proportion going toward education.
Local governments, just like state governments, receive revenue from grants and transfers from other levels of the government with property tax collections being another primary source. Essentially, the government ensures that public goods and services are funded by managing taxpayers' money and allocating it where it's most needed.
Learn more about Government Funding here:
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$13.50 170.2 142.5
Enter your responses rounded to two decimal places.
Based on the information above:
a. The 2010 real entry-level wage is $.
b. The 2003 real entry-level wage is $.
c. The 2003 nominal entry-level wage is $.
Answers
The 2010 real entry-level wage will be $7.93; the 2003 real entry-level wage is $8.43 and 2003 nominal entry-level wage is $12.01 for college graduates.
How to calculate the entry-level wages?
Using the information given above, the real entry-level wage for the year 2010 will be calculated by using the formula given below as,
Now, for the year 2003,
Now calculating the nominal entry-level wages for the year 2003,
Hence, the 2010 real entry-level wage will be $7.93; the 2003 real entry-level wage is $8.43 and 2003 nominal entry-level wage is $12.01 for college graduates.
Learn more about entry level wage rates here:
Answers
Answer: Gain of $600,000
Explanation: As we know that :-
Gain / loss = Sales value - Cost of building
Now, we can compute cost of building on date of sale as follows :-
cost = purchase date cost - accumulated depreciation
= $850,000 - $ 200,000
= $650,000
putting the values into initial equation we get :-
Gain = $1,250,000 - $650,000
= $600,000