privity of contract refers to the fact that traditionally contracting parties alone have rights and liabilities under their contract. T/F

Answers

Answer 1

This assertion is accurate. Privity of contract describes how, traditionally, only the parties to a contract have rights and obligations.

What does privity in a contract actually mean?

A contract is binding and each party has some form of duty to the other parties when two or more parties are involved. Due to privity of contract, one party may, for example, get compensation for breach of contract or be compelled to abide by the terms of the agreement.

According to the notion of privity of contract, a common law principle, a contract cannot impose obligations or grant rights to third parties who are not parties to it. The basic tenet is that only parties to a contract should have the power to initiate a lawsuit in order to enforce their rights or demand payment for damages.

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Related Questions

What do you mean by strategy?​

Answers

Answer:

A strategy describes how the ends (goals) will be achieved by the means (resources). Strategy can be intended or can emerge as a pattern of activity as the organization adapts to its environment or competes. It involves activities such as strategic planning and strategic thinking.

Answer:

In business, a strategy refers to a plan of action designed to achieve a specific goal or set of goals. It is a way of thinking about and approaching a problem or challenge in order to reach a desired outcome.

Who and how does it become implemented?

Strategies can be developed at various levels within a business, including at the corporate level (overall business strategy), at the business unit level (strategies for specific products or markets), and at the functional level (strategies for specific departments or functions within the organization).

Effective business strategies take into account the internal and external factors that can impact the organization, including its resources, capabilities, and the competitive environment. They also consider the long-term direction of the business and how it will differentiate itself from competitors in order to achieve a competitive advantage.

Types of business strategies:

There are many different types of business strategies that organizations can use, including growth strategies, cost leadership strategies, differentiation strategies, and focused strategies. Each type of strategy involves a different approach to achieving competitive advantage and can be more or less suitable for different organizations depending on their specific goals and circumstances.

Pacific Ink had beginning work-in-process inventory of $744,960 on October 1. Of this amount, $304,920 was the cost of direct materials and $440,040 was the cost of conversion. The 48,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October, 102,000 units were transferred out and 30,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,343,600 for direct materials and $3,027,840 for conversion. Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Do not round intermediate calculations.)

Answers

The cost of goods transferred out is $4,677,700, and the ending inventory is $776,400 using the weighted-average method.

How did we get the values?

Using the weighted-average method, we need to calculate the equivalent units of production for both direct materials and conversion costs, and then use these figures to calculate the cost per equivalent unit. Finally, we can use the cost per equivalent unit to calculate the total cost of goods transferred out and the ending inventory.

Step 1: Equivalent Units of Production

Direct Materials:

Beginning inventory: 48,000 units × 30% complete = 14,400 equivalent units

Current period: 102,000 units × 100% complete = 102,000 equivalent units

Ending inventory: 30,000 units × 80% complete = 24,000 equivalent units

Total: 14,400 + 102,000 + 24,000 = 140,400 equivalent units

Conversion Costs:

Beginning inventory: 48,000 units × 30% complete = 14,400 equivalent units

Current period: 102,000 units × 100% complete = 102,000 equivalent units

Ending inventory: 30,000 units × 40% complete = 12,000 equivalent units

Total: 14,400 + 102,000 + 12,000 = 128,400 equivalent units

Step 2: Cost per Equivalent Unit

Direct Materials:

Costs to account for: Beginning inventory cost + Costs incurred during the period = $304,920 + $2,343,600 = $2,648,520

Cost per equivalent unit: $2,648,520 ÷ 140,400 equivalent units = $18.85 per equivalent unit

Conversion Costs:

Costs to account for: Beginning inventory cost + Costs incurred during the period = $440,040 + $3,027,840 = $3,467,880

Cost per equivalent unit: $3,467,880 ÷ 128,400 equivalent units = $27.00 per equivalent unit

Step 3: Cost of Goods Transferred Out and Ending Inventory

Cost of Goods Transferred Out:

Cost per equivalent unit (direct materials) × equivalent units transferred = $18.85 × 102,000 units = $1,923,700

Cost per equivalent unit (conversion costs) × equivalent units transferred = $27.00 × 102,000 units = $2,754,000

Total cost of goods transferred out: $1,923,700 + $2,754,000 = $4,677,700

Ending Inventory:

Equivalent units in ending inventory × cost per equivalent unit (direct materials) = 24,000 units × $18.85 = $452,400

Equivalent units in ending inventory × cost per equivalent unit (conversion costs) = 12,000 units × $27.00 = $324,000

Total ending inventory: $452,400 + $324,000 = $776,400

Therefore, the cost of goods transferred out is $4,677,700, and the ending inventory is $776,400 using the weighted-average method.

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Practice
Match the example with the marketing tool being used.
To match the items, click the example, and then click the
marketing tool.
Mario researches his target market to make sure his
products are affordable for them.
Promotion
After Lennard creates a marketing message focused on
the exotic flavors of his fruit smoothies, he decides to stop
offering bland, less exotic flavors.
Place
Indira chooses active, athletic salespeople that reflect her
target market
People
Sierra chooses a location in the business district for her
gym so it will be convenient for the businesspeople she
wants to attract
Product
Courtney advertises her product on Web sites that are
popular with her target market.
Price

Answers

Answer:

1. Price

2. Product

3. People

4. Place

5. Promotion

Explanation:

I majored in marketing.

One example of using marketing tool is Mario researches his target market to make sure his products are affordable for them, he uses pride.

What are some of the examples of using marketing tools?

Marketing tools are tools that marketing specialists use to create, improve and promote their products and services. In this context, the word 'tools' refers to techniques, strategies, and materials.

Most companies prefer email marketing, advertising, target, research of the market, collecting data etc. Some of the examples of using marketing tools are, After Lennard creates a marketing message focused on. the exotic flavors of his fruit smoothies, he decides to stop offering bland, less exotic flavors and he uses the product. Place Indira chooses active, athletic salespeople that reflect her target market for that she uses people. Sierra chooses a location in the business district for her gym so it will be convenient for the business people she wants to attract, for that she uses the place.

Courtney advertises her product on Web sites that are popular with her target market and for that she uses promotion.

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The company is dedicated to developing high-quality housing projects that meet the needs of families and individuals, with a focus on affordability, sustainability, and innovation.

Answers

The focus of the company's housing projects is to provide affordable and sustainable housing solutions.

The focus of the company's housing projects is to address the global issue of housing affordability and sustainability. The company aims to provide cost-effective and eco-friendly housing solutions that cater to the needs of different income groups. They use sustainable building materials and technologies that reduce energy consumption, minimize waste, and lower carbon emissions.

In addition, the company works with local communities to understand their housing requirements and preferences, and designs housing projects that align with their needs. Overall, the company's focus on affordable and sustainable housing solutions contributes to the social, economic, and environmental well-being of the communities they serve.

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--The complete question is, What is the focus of the company's housing projects?--

You place a stop-loss order to sell 500 shares of AAPL with a stop price of $180. The current price is $185. How much will you receive for each share if during the trading day AAPL declines to $170 and closes the trading day at $188

Answers

Answer:

$90,000

Explanation:

Calculation to determine How much will you receive for each share

Using this formula

Amount that will be received = Number of shares * Stop price that was reached in a day

Let plug in the formula

Amount that will be received= 500 shares * $ 180

Amount that will be received= $ 90,000

Therefore How much will you receive for each share is $90,000

bài tập thực hành kế toán tài chính 1

Answers

Answer:

wut is this

Explanation:

financial acc practice ex 1

Discuss the procedures for the formation of companies

Answers

Explanation:

The formation of a company is a lengthy process. For convenience the whole process of company formation may be divided into the following four stages: 1. Promotion Stage 2. Incorporation or Registration Stage 3. Capital Subscription Stage 4. Commencement of Business Stage.

What is small business development

Answers

Answer:

Explanation:

Small Business Development Centers (SBDCs) provide business-related assistance and knowledge to help entrepreneurs start, run, and grow their businesses.

Three recent college graduates have formed a partnership and have opened an advertising firm. Their first project consists of activities listed in the following table

Activity | Immediate Predecessor | Optimistic | Most Likely Pessimistic
A — 5 6 7
B — 8 8 11
C A 6 8 11
D — 9 12 15
E C 5 6 9
F D 5 6 7
G F 2 3 7
H B 4 4 5
I H 5 7 8
End E, G, I
b. Suppose it is now the end of the seventh day and that activities A and B have been completed while activity D is 50 percent completed. Time estimates for the completion of activity D are 5, 6, and 7. Activities C and H are ready to begin. Determine the probability of finishing the project by day 24 and the probability of finishing by day 21. (Round your intermediate calculations to 3 decimal places and final answers to 4 decimal places.)

Answers

The precedence diagram for the problem above is attached. See the definition of a precedence diagram and the probability calculations below.

What is a precedence Diagram?

A precedence diagram is an optical or graphical representation tool that displays a project's activities.

What is the probability of finishing the project by the 24th day or less?

Recall that:

z = (Specified Time - Path's mean)/Path's Standard Deviation.

Hence for z₂₁

(21 − 20.5)/1.118   = 0.447 ≈ 0.45.

Hence the probability is:   P(Z<0.45) =0.6736

(21 − 21.5)/1.344 = −0.3721 ≈ −0.37

Hence the probability is:  P(Z<-.37) = 0.3557

(21 − 19.5)/.726 = 2.066 ≈ 2.07

Hence the probability is: P(Z<2.07) = 0.9808

Following through on the above, the project will be finished in less than 21 days is given as:

P = 0.23499920921

P ≈ 0.2350

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Three recent college graduates have formed a partnership and have opened an advertising firm. Their first
Three recent college graduates have formed a partnership and have opened an advertising firm. Their first
Three recent college graduates have formed a partnership and have opened an advertising firm. Their first

What are some substitutes and compliments for lobsters in economics.

Answers

Answer: A  substitudes good is a good that serves the same purpose as another good for comsumers .A complementary good is a good that adds value to another good when they are consumed together .pepsi and coke are the consider as the examples of the substitutes goods .

Explanation:

You deposit $1,800 at the end of each year into an account paying 10.6 percent interest.

a. How much money will you have in the account in 16 years?

Answers

Answer:

4852.80

Explanation:

1800×10.6%= 190.80 / year

190.80 × 16 years = 3052.80

3052.80 + 1800=

4852.80

what is an example of statistical reasoning?

Answers

Answer/Explanation:

Statistics educators often talk about their desired learning goals for students, and invariably, refer to outcomes such as being statistically literate, thinking statistically, and using good statistical reasoning. Despite the frequent reference to these outcomes and terms, there have been no agreed upon definitions or distinctions. Therefore, the following definitions were proposed by Garfield (2005 and have been elaborated in Garfield and Ben-Zvi (2008).

Statistical literacy is regarded as a key ability expected of citizens in information-laden societies, and is often touted as an expected outcome of schooling and as a necessary component of adults’ numeracy and literacy. Statistical literacy involves understanding and using the basic language and tools of statistics: knowing what basic statistical terms mean, understanding the use of simple statistical symbols, and recognizing and being able to interpret different representations of data (Garfield 1999; Rumsey 2002; Snell 1999)

Which principle says that 20 percent of customers provide 80 percent of revenue?
The---------- Principle says that 20 percent of customers provide 80 percent of revenue.

Answers

Answer:

The Pareto principle

Explanation:

The Pareto principle asserts that 80 percent of the results come from 20 percent of the course. The principle was named after Pareto, an Italian economist, who first observed this phenomenon. The Pareto principle is not a law but an observation.

Some other examples that Pereto observed include

20% of the features make 80% of the usage

20% of the employees produce 80% of the result

20% of the clients create 80% of the revenue

Company X sent Company Y a letter as an offer to sell 10 tons cotton for US$200,000.
After receiving the letter, Company Y immediately sent a telegram to Company X
purporting to accept the offer. However, the telegram company erroneously delivered
the telegram to Company Z. Five days later, the market price of cotton increased a lot.
Company X mailed a letter to company Y to revoke the original offer. The letter of
revocation was received by Company Y. Is there any contract between Company X and
Company Y?

Answers

There is no contract between Company X and Company Y. In order for a contract to be valid, there must be an offer, acceptance, and consideration, but in this case, there was no acceptance because the telegram did not reach the offeror and the offer was withdrawn before acceptance was communicated to the offeror.

According to the case study presented, there is no valid contract between Company X and Company Y. The reason is that acceptance must be communicated to the offeror and the acceptance must be received by the offeror. In this case, Company Y's purported acceptance was not received by Company X because it was erroneously delivered to Company Z.

Moreover, the general rule is that a revocation is effective upon receipt. Therefore, since Company Y received the revocation letter from Company X, it means that Company X has withdrawn the offer. Therefore, there is no contract between Company X and Company Y.

To conclude, in order for a contract to be valid, there must be an offer, acceptance, and consideration, but in this case, there was no acceptance because the telegram did not reach the offeror and the offer was withdrawn before acceptance was communicated to the offer.

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Question 5
If an individual has a Holland code suggesting Conventional strengths,
career in which field might be most satisfying?
h
O Finance
O Teaching
O Food Service
O Medicine

Answers

If an individual has a Holland code suggesting Conventional strengths, the career in finance field might be most satisfying. Thus, the correct answer is option B.

What is a Holland Code?

The Holland Codes, also known as the Holland Occupational Themes, are a taxonomy of interests based on a career and vocational choice theory developed by American psychologist John L. Holland.

The Holland Codes are a component of the Strong Interest Inventory, which is used to assess interests. Holland defines the "Conventional Type" as a person who has "a preference for actives that entail the explicit, ordered, systematic manipulation of data . These behavioral tendencies, in turn, lead to the development of clerical, computational, and business system competencies.

Therefore, a career in finance would be appropriate for an individual who has a Holland code suggesting Conventional strengths.

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what is the first sentance of an introduction called​

Answers

The first sentence of an introduction is called a hook

how can we use research &
technology
to make american workers more
productive in the global marketplace, and American firms more competitive.

Answers

Computer-integrated manufacturing is being used to make American workers more productive in the global marketplace, and American firms more competitive.

The average level of output per worker per hour is known as productivity. The US productivity growth rate increased by 4.2% on average between 1979 and 2011. More particularly, productivity rose 2% in 2011. Although a 2% rise was less than our average productivity growth from 1979 to 2011, 11 other countries that the US bureau of labor statistics monitors annually experienced greater productivity growth than the US. If US businesses want to boost productivity and their ability to compete in the global market, they must take into account a number of elements.

Since a few years ago, automation—the full or nearly full employment of machines to perform tasks—has changed how work is done in industries. Computer-integrated manufacturing is being used by an increasing number of industries to aid in product design and production. Electronic equipment and Computer-integrated manufacturing are combined in a flexible manufacturing system (FMS) to create smaller batches of goods more effectively than on a conventional assembly line.

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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.

Answers

The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.

1. The US Senate passed the 2022 Defense Authorization Act.

2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.

3. The total amount allocated for the Defense Authorization Act is $768 billion.

4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.

5. The Act represents a 5% increase in the US defense budget when compared to the previous year.

6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.

7. The Act was passed overwhelmingly, indicating strong support from the Senate.

8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.

9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.

10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.

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Which position most likely requires a master’s degree for success?

Computer Programmer
Website Designer
IT Project Manager
Computer Scientist

Answers

Answer:

The answer is computer scientist

Why do employees who participate in planning change efforts tend to have more positive opinions about the change

Answers

Answer:

This question is incomplete, the options are missing. The options are the following:

a) They have the opportunity to reject the proposed change.

b) They will have the opportunity to know more than others about the change.

c) They will be able to convince customers the change was the right thing to do.

d) They will feel a sense of ownership of planned change and are more likely to be on board.  

And the correct answer is the option D: They will feel a sense of ownership of planned change and are more likely to be on board.

Explanation:

To begin with, it will be more acceptable for an employee of a company or a member of a group to agree with a change if that person was involved in the planning of the change. That means that he will feel that he is part of the solution and therefore part of the team because his ideas were listened and maybe he contributed with something. That is why that members who participate in the planning of a change will always be more positive about the final outcome due to the fact that they were there during the process of deciding that outcome and that will make them feel integrity related to the work and to the team as well.

See if you can match the design approaches Kate uses to the messages she applied them to.
Click to select each message design approach, then click the blank space for the message it
matches to move it.
"I know you're on deadline, but I also know that the project is very important for all of us. May
I ask you a question about it..."
"We've just experienced three problems with the ABC product. The problems are... I see three
simple solutions, and they are... I'll go ahead and implement these solutions on Thursday
unless I hear otherwise from you before then..."
"Given your announcement that customer service is our #1 priority for the month, I would like
your approval to hire a temp to help Bill this month so he can focus on service enhancements."
"Have you seen this quarter's revenue figures? They're 30 percent higher than last quarter.
Would you like to increase the budget for the XYZ product?"
Select one
Select one
Select one
Select one

Answers

The design approaches to the messages as observed are Emotional appeal, Problem-solution approach, Persuasive approach based on shared values, and Data-driven approach.

What are the appropriate matching of the approaches?

Matching each message with its corresponding design approach are as follows:

1. "I know you're on deadline, but I also know that the project is very important for all of us. May I ask you a question about it..."

Design approach: Emotional appeal

2. "We've just experienced three problems with the ABC product. The problems are... I see three simple solutions, and they are... I'll go ahead and implement these solutions on Thursday unless I hear otherwise from you before then..."

Design approach: Problem-solution approach

3. "Given your announcement that customer service is our #1 priority for the month, I would like your approval to hire a temp to help Bill this month so he can focus on service enhancements."

Design approach: Persuasive approach based on shared values

4. "Have you seen this quarter's revenue figures? They're 30 percent higher than last quarter. Would you like to increase the budget for the XYZ product?"

Design approach: Data-driven approach

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Two goods are substitutes when a decrease in the price of one good
a. increases the quantity demanded of the other good.
b. increases the demand for the other good.
c. decreases the demand for the other good.
d. decreases the quantity demanded of the other good.

Answers

pretty sure it’s d. decrease the quantity demanded of the other good

Macroeconomics is best defined as the study of
how people make decisions about operating businesses.
the overall operation of the national and global economy.
how the government makes decisions about regulating businesses.
how scarce resources are used by households and businesses.
the study of the interaction of supply and demand.
2.
Mike asked Rachael to go to the beach with him. Rachael knew she should stay home and study for her Macroeconomics exam but felt she could spend some time doing both. In the past, she had always studied about five hours for her exams but today she studied for only two hours. Her normal grade of an A fell to a B. What was the opportunity cost of going to the beach?
The B she received on the exam.
The 2 hours she studied.
The 3 hours she spent at the beach.
The 3 hours she could have spent studying.
The 5 hours she spent at the beach.
3.
When two variables have an inverse relationship, then
if A increases, B increases.
if B increases, A is unchanged.
if A increases, B is unchanged.
the slope of the graph is positive.
the slope of the graph is negative.
4.
When two variables have a direct relationship, then
if A decreases, B increases.
if B decreases, A is unchanged.
if A increases, B is decreases.
the slope of the graph is positive.
the slope of the graph is negative.
5.
The production possibilities curve
graphically illustrates the concept of absolute advantage.
graphically illustrates the concept of scarcity.
allows us to see the concept of absolute advantage.
shows the opportunity cost between all goods and services in an economy.
shows the relationship between absolute and comparative advantage.
6.
A production possibilities curve that is concave or bowed out from the origin represents
increasing opportunity cost.
decreasing opportunity cost.
constant opportunity cost.
zero opportunity cost.
static opportunity cost.

Answers

Answer:

1. the overall operation of the national and global economy.

2. The B she received on the exam.

3. the slope of the graph is negative.

4. the slope of the graph is positive.

5. graphically illustrates the concept of scarcity.

6. increasing opportunity cost.

Explanation:

1. Macroeconomics is best defined as the study of the overall operation of the national and global economy.

Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

2. The opportunity cost of going to the beach is the "B" grade she received on the exam.

In Economics, opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Thus, the value of the opportunities lost (scoring an "A" grade) by going to the beach is the opportunity cost of her choice.

3. When two variables have an inverse relationship, then the slope of the graph is negative.

An inverse relationship can be defined as a relationship between two variables, in which an increase in the value of one variable leads to a decrease in the value of the other variable i.e as the value of one variable becomes large, the value of the other variable becomes small.

4. When two variables have a direct relationship, then the slope of the graph is positive.

A positive relationship or correlation can be defined as the relationship between two variables in which there exist a direct relationship between them i.e as one variable increases, the other increases and vice-versa.

5. The production possibilities curve graphically illustrates the concept of scarcity.

The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;

1. Technology is fixed.

2. Resources are fixed.

6. A production possibilities curve that is concave or bowed out from the origin represents increasing opportunity cost.

The production possibilities curve (PPC) is depicted graphically as an arc, by representing one good on the y-axis and the other on the x-axis.

If I travel to New York City from Boca Raton every weekend for 10 years, I am still considered a tourist in New York City.

Answers

Answer:

Yes

Explanation:

Yes, in any State or Country that you are not a permanent resident in you would be considered a tourist. In this scenario, you are a permanent resident of Boca Raton, Florida and only visiting New York City on weekends. Regardless of how frequent, since you are not a permanent resident and only travel on weekends to see the city or have fun then in the eyes of the law you are technically a tourist in the city.

Vincent corporation has 100,00 shares of 100 par common stock outstanding. on june30 ,Vincent corporation declared a 5% stock dividend to be issued on July 30 to stockholders of record july15. the market price of the stock was $132 a share on June 30. journalize the entries required on June 30 and july30

Answers

The common stock that is seen here would be $500000

What is the common stock outstanding?

This is the term that would simply be used to refer to all of the shares that the shareholders of a company as well as the people that are the insiders in the company would own.

How to solve for the journal entries

The retained earnings is given as

$132 * 0.05

= $6.6

= 6.6 x 100000

= 660000

The debit is $660000

The credit is 100000 x 5 = 500000

paid in capital in excess of par =  660000 - 500000

= $160000

The stock dividend distributable = $500000

common stock is given as $500000

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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.

Answers

If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.

To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.

For MAC1: MAC1 = 100 - 10E

For MAC2: MAC2 = 50 - 10E

To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.

Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E

Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.

MD = Aggregate MAC

30E = 150 - 20E

Simplifying the equation, we get:

50E = 150

E = 3

Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.

Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.

Net social costs = Aggregate MAC - MD

Net social costs = (150 - 20(4)) - (30(4))

Net social costs = 110 - 120

Net social costs = -10

The net social costs of this policy would be -10, indicating a net benefit to society.

If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.

Setting MAC1 equal to MAC2:

100 - 10E = 50 - 10E

Simplifying the equation, we find that E can have any value, as both sides are equal.

Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.

In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.

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In order to access a web site it is always necessary to type www in the address

Answers

Answer:

that is not true you could put .net or .com

It's not necessary, but you can if you want to.

Installing an automated production system costing $278,000 is initially expected to save Zia Corporation $52,000 in expenses annually. If the system needs $5,000 in operating and maintenance costs each year and has a salvage value of $25,000 at Year 10. a. What is the IRR of this system

Answers

Answer:

11.63%

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

Cash flow in year 0 = $-278,000

Cash flow each year from year 1 to 9 = $52,000 - $5, 000 = $47,000

Cash flow in year 10 = $47,000 + $25,000 = $72,000

IRR = 11.63%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.

Answers

The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.

What is the selling price per pound for onions?

Total Cost = Quantity * Cost per pound

Total Cost = 1,000 pounds * $0.11/pound

Total Cost = $110

Spoilage Quantity = 3% of Quantity

Spoilage Quantity = 3% of 1,000 pounds

Spoilage Quantity = 0.03 * 1,000 pounds

Spoilage Quantity = 30 pounds

Effective Quantity = Quantity - Spoilage Quantity

Effective Quantity = 1,000 pounds - 30 pounds

Effective Quantity = 970 pounds

Makeup Rate = 180%

Selling Price per pound:

= (Total Cost * Makeup Rate) / Effective Quantity

= ($110 * 1.80) / 970 pounds

= $2.03505/pound.

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What is the difference between marginal cost and marginal revenue?
A. Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good.
B. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
C. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit.
D. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit.

Answers

The difference between Marginal cost and Marginal Revenue is that Marginal cost is the money paid for producing one more unit of a good while Marginal revenue is the money earned from selling one more unit of a good.

What is Marginal Cost?

Marginal cost refers to the additional cost incurred by increasing the quantity of a product by one unit. It could also be said to be the extra expense a business incurs when producing one additional product or service.

What is Marginal Revenue?

Marginal revenue refers to the additional revenue generated by a business by producing an extra unit of a commodity.

As seen above, the difference between marginal cost and Marginal revenue is that Marginal cost is the money paid for producing one more unit of a good while Marginal revenue is the money earned from selling one more unit of a good.

Therefore option B is correct.

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