What must be true for the coase theorem to hold? for the coase theorem to hold,

a. the government must monitor the negotiations to obtain an agreement.

b. transaction costs to obtain an agreement must be high.

c. all parties to an agreement must be willing to bluffall parties to an agreement must be willing to bluff.

d. the externality must be generated by the consumption of a good or servicegenerated by the consumption of a good or service.

e. all parties to an agreement must have full information about the costs and benefits of the externalityall parties to an agreement must have full information about the costs and benefits of the externality?

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?

One cost-of-living indicator available on the internet shows that a salary of $40,000 in santa barbara, california, is equivalent to $14,000 in wichita, kansas. this is primarily because of housing, which is much less expensive in wichita. what does this difference say about how the federal government calculates poverty?