Business, 03.09.2021 16:50 mxltie1651
Bakers are much likely to supply pastries to the market if property rights are enforced.
In the presence of market failures, public policy can improve economic efficiency.
Classify the source of market failure in each case listed.
Market Failure Market Power Externality
A person smoking in a restaurant emits second-hand smoke that harms other restaurant patrons.
A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities company can set the price of electricity.
Answers: 1
Business, 21.06.2019 17:10
At the beginning of the accounting period, nutrition incorporated estimated that total fixed overhead cost would be $50,600 and that sales volume would be 10,000 units. at the end of the accounting period actual fixed overhead was $56,100 and actual sales volume was 11,000 units. nutrition uses a predetermined overhead rate and a cost plus pricing model to establish its sales price. based on this information the overhead spending variance is multiple choice $5,500 favorable. $440 favorable. $5,500 unfavorable. $440 unfavorable.
Answers: 3
Business, 22.06.2019 19:00
When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. purรฉed. d. sweated.
Answers: 2
Business, 22.06.2019 21:50
The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.
Answers: 1
Business, 22.06.2019 23:00
Which of the following is not one of the four principles of bottleneck management? a. increasing capacity at non-bottleneck stations is a mirageb. lost time at the bottleneck is lost system capacity.c. release work orders to the system at the bottleneck's capacity pace.d. increased bottleneck capacity is increased system capacity.e. bottlenecks should be moved to the end of the system process.
Answers: 1
Bakers are much likely to supply pastries to the market if property rights are enforced.
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