In valuing the opportunity cost for a project input or resource, when the market of the input or resource is efficient but purchases of the resources will have a noticeable effect on prices, budgetary outlays or expenditures often slightly overstate project opportunity cost. Is this statement true or false? Clearly explain with a diagram.

The ________ method to settle claims is based on the current replacement cost of a damaged or lost item less depreciation.

Question 5 options:

tax credit of $50 for a person in a 28 percent tax bracket would reduce a person's taxes owed by:

Question 6 options:

A taxpayer with a taxable income of $47,856 and a total tax bill of $5,889 would have an average tax rate of ________ percent.

Question 7 options:

George Washburn had earnings from his salary of $34,000, interest on savings of $800, a contribution to a traditional individual retirement account of $1,500, and dividends from mutual funds of $600. George's adjusted income would be:

Question 8 options:

What determines the value of a college? Is the cost of a "prestigious" college worth the price? Why or why not?

A good understanding of the article "the problem of social cost "by Coase? What is the main issue in the paper? What are the economic arguments that Coase gives to support his conclusion? What are the practical implications of the arguments of Coase? What are some problematic aspects of the paper?

What is the relationship between marginal product of labour and marginal cost?

How do you calculate risk and cost in capital projects?

There are only two firms in the market for airplanes, A and B. The cost functions are C(qa) = 12qa and C(qb) = 6qb. The inverse demand function is p = 36 ? qa ? qb.

(a) Under Cournot competition, what are the best response functions for the two firms?

(b) Under Cournot competition, what is the market price?

(c) If firm A moves first, and firm B can observe it, what is the Stackelberg equilibrium price?

27. A buyer will purchase handbags at a cost of $37.75 and the planned MU% for the department is 62.0%. What is the minimum retail price for each handbag? What possible retail price for each handbag might be used if you were the buyer of a department for? An off-price retailer?

An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. Consider the following sample of production volumes and total cost data for a manufacturing operation.

a. Compute b₁ and b₀ (to 1 decimal).



Complete the estimated regression equation (to 1 decimal).
y^=___+___x

b. What is the variable cost per unit produced (to 1 decimal)?


c. Compute the coefficient of determination (to 3 decimals). Note: report r² between 0 and 1.


What percentage of the variation in total cost can be explained by the production volume (to 1 decimal)?


d. The company's production schedule shows 500 units must be produced next month. What is the estimated total cost for this operation (to the nearest whole number)?