Problem 10-168 The following materials standards have ... The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 pounds Standard price $12.00 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased 3,500 pounds Actual cost of materials purchased $ 40,775 Actual materials used in production 2,800 pounds Actual output 540 units Required: a. What is the materials price variance for the month

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i. e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i. e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process. b)consumers have the right to clean air; consumers are dominant in the bargaining process. c)firm has the right to pollute; firm is dominant in the bargaining process. d)firm has the right to pollute; consumers are dominant in the bargaining proces

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Why is investing in a mutual fund less risky than investing in a particular company’s stock?