A set of perfectly competitive firms produce leather shoes. For each pair of shoes made using current production techniques, 1 pound of water pollution (WP) is released into the ocean, and the social cost of that pollution is $c per pound. When pollution is unregulated, the private cost of pollution is $0. Required:
a. Graph the supply and demand for shoes and indicate the unregulated market output and price, and the socially optimal output.
b. On the graph, indicate the level of a tax on shoes that would result in the socially optimal level of shoe production.
c. Consider the production of a given number of shoes, Q, by one of these firms. Suppose that there is a possible pollution-reducing set of machines, K, which cost $1 per machine. When K =0, 1 pound of pollution is produced, and with higher levels of K, less WP is produced. What is the cost-minimizing choice of WP and K when pollution is unregulated? Explain; a diagram will be useful.

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false