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Ira Lisetskai [31]
3 years ago
15

What problem exists when people who can’t be excluded from using a good choose not to pay for it?.

Business
1 answer:
Tom [10]3 years ago
3 0

The type of problem that exists when people who can’t be excluded from using a good (product) choose not to pay for it is called a free-rider problem.

<h3>What is a free-rider problem?</h3>

A free-rider problem can be defined as a type of market failure and burden that typically occurs when people who benefit from public goods or shared resources refuse to pay for them.

This ultimately implies that, a free-rider problem is the type of problem that exists when people who can’t be excluded from using a good (product) choose not to pay for it.

Read more on products here: brainly.com/question/14446515

#SPJ1

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What makes up the difference between the salary expense to the employer and the salary paid to the employee
Elan Coil [88]

Answer:

Payroll expense

Explanation:

Payroll expense is the amount you pay to your employees in the form of salaries and wages in exchange for the work they do for your business.

4 0
3 years ago
Compare and contrast the differences between liberal ideology, conservative ideology and libertarian ideology in regards to gove
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4 0
2 years ago
_____ is an acronym for an effective study method.
erik [133]
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8 0
3 years ago
By how much will GDP change if firms decrease their investment by $-8 billion and the MPC is 0.9? If the MPC is 0.8?
Inessa05 [86]
GDP stands for gross domestic product.

MPC stands for marginal propensity to consume (the ratio of the ratio of change in consumption to change in income)

From MPC you obtain the GDP Multiplier, which gives the relationship between a change in a particular expenditure and the GDP.

This is: Change in GDP = Mutliplier * Change in expenditure

The multiplier is equal to 1 / [ 1 - MPC].

Now use that information to calculations.

<span>Change in GDP with MPC of 0.9

multiplier = 1 / [1 - 0.9 ] = 1 / 0.1 = 10
Change in GDP = 8 billions*10 = 80 billions.


Change in GDP with MPC of 0.8 </span>

multiplier = 1 / [1 - 0.8] = 1 /0.2 = 5
Change in GDP = 8 billions*5 = 40 billions
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Project governance does NOT cover a. Allowing project managers to plan the project the way they see fit b. Overseeing project ma
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Answer:

a

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