The table below shows some hypothetical data on the costs associated with the use of a liter of gasoline in a european country.

refining, distributing, and selling of gasoline all take place within this european country.
1. in euros, what is the private cost for an individual of a liter of gasoline in europe (ex: if your answer is 3.25 euros then enter 3.25)?
2. what is the social cost, in euros, of a liter of gasoline?

cost euros
cost of imported 0.5
cost of refining oil to 1
cost of distributing and selling 0.75
government 2.5
cost of pollution from one liter of 2

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.

What is a uniform law adopted by all states that facilitates business transactions?