1) 60pts a. Draw ONLY the PRIVATE market for face masks in private equilibrium in the US
PRIOR to the outbreak of the Corona Virus where the equilibrium price is $2 and
100,000 masks are sold. Assuming that the most anyone would pay is $10 for a
mask and the cheapest one to make is $1 show and calculate the Consumer and
Producer Surplus; what is the value of Total Surplus? Show your work.. Be sure
to label each axis, your lines, points, etc. (20pts)
b. Now on that same graph show what happens to this market when the Corona
Virus hits the US. What happens to Equilibrium Price, Equilibrium Quantity,
Supply, Demand, Quantity Supplied & Quantity Demanded? (15 pts)
C. Now on the same graph include the PUBLIC market after the Corona Virus hits
and show if masks are an externality market. Are they a positive or negative
externality? Label your graph including the dead weight loss. (15pts)
d. How might the government correct the externality? (5pts)
e. Give another example of an externality not in class or in the book, is it positive or
negative, how might it be corrected? (5pts)

Iwant to be an engineer but cant do math for the life of me, but i also want to be a cop."what should i do"

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar.spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements.cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery.rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer.gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life.esquire company provides financial statements to external users every three years.