Suppose that raphael, an economist from a research institute in texas, and susan, an economist from a public television program, are arguing over budget deficits. the following dialogue shows an excerpt from their debate: susan: most people recognize that the budget deficit has been rising considerably over the last century. we need to find the best course of action to remedy this situation. raphael: i believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. susan: i actually feel that raising the top income tax rate would reduce the budget deficit more effectively. the disagreement between these economists is most likely due to .a. differences in perception versus realityb. differences in valuesc. differences in scientific judgmentsdespite their differences, with which proposition are two economists chosen at random most likely to agree? a. rent ceilings reduce the quantity and quality of available housing. b. having a single income tax rate would improve economic performance. c. immigrants receive more in government benefits than they contribute in taxes.

Policymakers are provided data about the private and social benefits of a good being sold in the market. quantity private mb ($) social mb ($) 6 6 9 7 4 7 8 2 5 9 0 3 what is the size of the externality? if the externality is positive, enter a positive number. if negative, make it a negative number. $ given this data, policymakers must decide whether to address the associated externality with a subsidy or a tax. as their economic consultant, which of the two policy tools would you recommend? a subsidy a tax

White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?

Afood worker has just rinsed a dish after cleaning it. what should he do next?