Questions 24 and 25 are based on the following information:…

Questions 24 and 25 are based on the following information: The information below will be repeated with both questions for your convenience (so you do not have to go back to the original question to access the information), ABC Co. makes widgets. During the month of September, the company produced and sold 1,000 units. The company established the following cost formulas for its selling expenses:  Fixed cost per month Variable cost per unit sold Advertising $1,300        n/a Shipping expenses        n/a   $1.85  The planning budget for September was based on producing and selling 1,100 units.  Actual advertising and shipping expenses in September were $1,200 and  $2,100, respectively. What is the flexible budget spending variance related to advertising? 

Questions 24 and 25 are based on the following information:…

Questions 24 and 25 are based on the following information: ABC Co. makes widgets. During the month of September, the company produced and sold 1,000 units.  The company established the following cost formulas for its selling expenses:  Fixed cost per month Variable cost per unit sold Advertising $1,300        n/a Shipping expenses        n/a   $1.85  The planning budget for September was based on producing and selling 1,100 units.  Actual advertising and shipping expenses in September were $1,200 and  $2,100, respectively. What is the flexible budget spending variance related to shipping expense? 

Figure: Market for Bathroom Cleaner This figure shows a mar…

Figure: Market for Bathroom Cleaner This figure shows a market for cans of a bathroom cleaner that causes environmental damage, imposing costs on people other than the consumers and producers of the cleaner. In this market, the efficient quantity of bathroom cleaner is _______, and the dead weight loss is________.

In ancient Egypt, the Bronze Law set maximum prices for wage…

In ancient Egypt, the Bronze Law set maximum prices for wages, preventing them from rising above what rulers perceived as the minimum needed to survive. If this was $0.10 a day for a porter (someone who carries things short distances) and the market wage was $0.08 a day, which would be a plausible consequence of this law?

Turtleducks are a popular pet in the Fire Nation. However, t…

Turtleducks are a popular pet in the Fire Nation. However, there are only a small number of turtleduck farmers in the Fire Nation as they are much easier to raise in the Earth Kingdom. If the small number of turtleduck farmers work together and convince the Fire Lord to implement a quota on the number of turtleducks imported, which of the following are possible outcomes? I. The price of turtleducks will increase II. Imports will increase III. Domestic producer surplus increases IV. There will be some deadweight loss

Which of the following statements is true regarding argument…

Which of the following statements is true regarding arguments for protectionism? ​ I. National security is often cited as a reason to impose trade barriers II. Tariffs are considered an efficient method of increasing economic welfare III. Restricting imports from certain countries is an effective way to reduce the use of child labor in those countries.