California inc., through no fault of its own, lost an entire plant due to an earthquake on may 1, 2016. in preparing its insurance claim on the inventory loss, the company developed the following data: inventory january 1, 2016, $340,000; sales and purchases from january 1, 2016, to may 1, 2016, $1,160,000 and $885,000, respectively. california consistently reports a 30% gross prom. the estimated inventory on may 1. 2016. is: $473,000. $414,400. $378,000. $413,000.

What is the difference between a public and a private corporation?

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve.has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve.is a lower opportunity cost producer of the good.