Use the Following Information for the Next 5 Questions

question 64

Multiple Choice

Use the following information for the next 5 questions.
The Great Foods Company processes milk into skim milk and butter. This year 70,000 gallons of will be processed, costing $40,000. If processed to the split-off point, this will yield 40,000 gallons of skim milk and 10,000 pounds of butter. Skim milk is sold to distributors for $1 per gallon and butter is sold for $0.75 per pound. Great Foods has the option of processing the two products further. Skim milk can be processed into canned, sweetened, condensed skim milk and sold for $0.80 per can. One gallon of skim milk makes 2 cans of condensed milk. To process 40,000 gallons of skim milk will cost $18,000. Butter can be processed into cake frosting, sold in containers for $2 each. One pound of butter goes into each container of frosting. The cost of processing 10,000 pounds of butter into frosting costs $15,000.
-What is the per-unit joint cost allocated to skim milk and butter if the sales value at split-off method is used?

• A) $0.8421 per gallon and $0.6316 per pound
• B) $1 per gallon and $0.75 per pound
• C) $0.381 per gallon and $0.9524 per pound
• D) $0.7619 per gallon and $0.9524 per pound

Grasp the mechanisms and efficiency of different methods to reduce industrial pollution emissions.

Recognize the role of income levels and market inefficiencies in environmental quality demand and outcomes.

Analyze empirical evidence related to the effects of carbon dioxide on global warming and sea level changes.

Identify the limitations and challenges of environmental regulation and property rights in addressing environmental issues.

---

Definitions:

Democracy

A form of government in which power is vested in the people, either directly or through elected representatives.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, and praise.

Intrinsic Motivation

A drive to engage in activities for their own sake, due to internal rewards like satisfaction and joy, rather than for external rewards.

Schoolwork

Tasks assigned by teachers, intended to be completed by students outside of class, to reinforce learning.