The following information was taken from the annual manufacturing overhead cost budget of fergie manufacturing. variable manufacturing overhead costs $92,400 fixed manufacturing overhead costs $55,440 normal production level in labor hours 30,800 normal production level in units 5,775 standard labor hours per unit 4 during the year, 5,600 units were produced, 18,340 hours were worked, and the actual manufacturing overhead was $151,200. actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. overhead is applied on the basis of direct labor hours. fergie's controllable overhead variance is

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms. a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

Why has the free enterprise system been modified to include some government intervention?

On average, someone with a bachelor's degree is estimated to earn times more than someone with a high school diploma. a)1.2 b)1.4 c)1.6 d)1.8