Business, 26.08.2019 17:30 monicagalarza

The demand curve for gasoline slopes downward and the supply curve for gasoline slopes upward. the production of the 1,000th gallon of gasoline entails the following: • a private cost of $3.10; • a social cost of $3.55; • a value to consumers of $3.70.onepixel. gifrefer to scenario 10-1. let q represent the number of gallons of gasoline and let p represent the price of a gallon of gasoline. which of the following statements is correct? a. one point on the supply curve is (q = 1,000, p = $3.10). b. one point on the social-cost curve is (q = 1,000, p = $0.45). c. one point on the demand curve is (q = 1,000, p = $3.55). d. the socially optimal quantity of gasoline is less than 1,000 gallons.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 09:30

Which of these is not a result of regular exercise

Answers: 1

Answer

Business, 22.06.2019 14:50

The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?

Answers: 1

Answer

Business, 22.06.2019 16:20

The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.

Answers: 1

Answer

Business, 22.06.2019 20:40

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.

Answers: 3

Answer

You know the right answer?

The demand curve for gasoline slopes downward and the supply curve for gasoline slopes upward. the p...

Questions