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Question: Uneven Flow One department of Dallas Instruments Company manufactures basic handheld calculators. Several materials are added at various stages of the process. The outer front shell and the carrying case, which represent 10% of the total materials cost, are added at the final step of the assembly process. All other materials are considered to be "in process" by the time the calculator reaches a 50% stage of completion. During 20X0, 74,000 calculators were started in production. At year-end, 6,000 calculators were in various stages of completion, but all of them were beyond the 50% stage and, on the average, they were regarded as being 70% completed. The following costs were incurred during the year: direct materials, $205,520; conversion costs, $397,100. There was no beginning WIP inventory.
1. Prepare a schedule of physical units and equivalent units.
2. Tabulate the unit costs, cost of goods completed, and cost of ending work in process.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
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Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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