Gwhich of the following statements is a major criticism of a pure monopoly as a source of allocative inefficiency? rev: 05_15_2018 multiple choice a pure monopoly fails to expand output to the level where the price of an additional unit is just equal to its marginal cost. a pure monopoly has no incentive to produce efficiently, because even the inefficient pure monopoly can be assured of economic profits. a pure monopoly will always generate economic profit, and that means that prices are too high. a pure monopoly has an unfair advantage because it can purchase labor at a lower price than perfectly competitive firms can.

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Why has the free enterprise system been modified to include some government intervention?

Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.