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Please answer the following questions in the context of the Federal Acquisition Regulation: a) Explain what is meant by cost reasonableness and allocability b) Explain the difference between direct and indirect costs c) Identify a real life example that would fall in the “gray” area between an allowable and unallowable cost and explain why.
q. a business employing 8 workers to produce commemorative t-shirts for campus events organizations. they are currently
Even if the firms in a monopolistically competitive market collude successfully and fix price, economic profit will still be competed away if there is unrestricted entry. Do you agree with this statement? Support your answer. Will price be higher or ..
Write down a utility function that represents Britney's preferences over dresses also hats.
Illustrate what is the present value assuming a discount rate. Level of consumption or saving will be illustrate what.
Suppose there is a bill to increase tax on cigarettes by $1 per pack coupled with an income tax cut of $500. Suppose a person smokes an average of 500 packs of cigarettes per year--- and would thus face a tax increase of about $500 per year from the ..
What would happen to the size of the cattle population if Americans decided to eat substantially less beef? Explain the logic underlying your answer. Does private ownership entitle the owners to do anything they want with their property? Why or why n..
Suppose the logging industry forms a union that requires longer apprenticeships and charges high fees to its members. Discuss the reasons why loggers might place these stipulations on union members. What are the loggers hoping to achieve?
The UWM Bookstore orders coffee mugs out of a catalog from a supplier. The demand for these coffee mugs is 1,849 per year. There is a $45 charge for placing an order and the cost per coffee mug to hold it in inventory for the year is $2.50. What is t..
Antitrust policy is designed to. When were the first federal antitrust laws enacted in the United States? Under U.S. antitrust law, a consent decree allows a firm to. Which of the following is not true about income quintiles? Data on the U.S. income ..
On August 10, 2012, Theta Electronic Laboratories, Inc., executed a promissory note to George and Marguerite Thomson. Three other individuals, Gerald Exten, EmilO’ Neil, and James Hane, and their wives also indorsed the note. Are the Extens liable un..
If a country is currently producing 11 units of health care and 16 units of education, what is the opportunity cost of producing 5 more units of education?
Find the value of the test statistic (to 3 dec pl). Can we conclude that the proportions have changed during the year.
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