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Scenario 4-2. Suppose there are three residents in a neighborhood, Barbara, Cole, and Dawn. They are considering the allocation of a certain public good in the neighborhood. Barbara’s demand for the public good is P = 120 – Q. Cole’s demand for the public good is P = 100 – Q. Dawn’s demand for the public good is P = 80 – Q. If your answer is not a whole number, please make sure to round to the nearest hundredth.Refer to Scenario 4-2. At what price is the socially optimal number of the public good produced equal to 40 units? Please do not enter the dollar sign in your answer.

Use the following information for the next six questions.  Wright Corporation has the following costs associated with one of its products:   Direct material $3.00 per unit Direct labor 2.50 per unit Variable overhead 1.80 per unit Fixed overhead $200,000     Variable selling expenses $0.25 per unit sold Fixed SG&A expense $75,000   The corporation planned to produce 50,000 units and actually produced 51,000 units and sold 48,000. The selling price per unit was $25.

The fixed overhead production volume variance is ________________. 

Graph 3-2 depicts three families, X, Y, and Z, and their utility based on spending on education and other goods. Suppose free public education is provided and the new budget constraint is shown in red. Refer to Graph 3-2. Suppose the government provides free public education, as shown in the graph. There will be crowding out of private education spending if

Under variable costing, operating income is $______________.

Under absorption costing, cost of goods sold is $______________.

The variable overhead spending variance is ________.

Under absorption costing, operating income is $______________.

The corporation plans to purchase $___________________ of materials in July.

The market-size variance is $_____________.