The Cutting Department’s output during the period consists of 21400 units completed and transferred out, and 3600 units in ending work in process that were 20% complete as to materials and conversion costs. Beginning inventory was 2400 units that were 20% complete as to materials and conversion costs. Under the FIFO method, what are the equivalent units of production for materials?

Double corporation acquired all of the common stock of simple company for

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?