Answer:
Option (c) is correct.
Explanation:
During an economic activity between the two parties, if the third party is affected (Positively or negatively) by this economic transaction then this is known as externality.
There are two types of externalities:
(i) Positive externality: When the third party is positively affected by an economic transaction between the two parties.
(ii) Negative externality: When the third party is negatively affected by an economic transaction between the two parties.
Now, suppose there is a steel manufacturing company for the consumers. But the people who lives near this company have to bear the cost of the pollution created by the company. This is a negative externality.
The answer to your question is TRUE
Form
Explanation:
form because it talks how she needs designer clothes to fit in in its form.handles her clothing
Answer:
A. Partnership
Explanation:
Based on the description of this scenario it can be said that the best option for Mary would be a Partnership. This means that she will share ownership and profit with those involved but at the same time will also share the liabilities. This will make sure that the other tattoo artists will do their utmost best since they will have to deal with the consequences as well if they do not. Which in term protects Mary.
Answer:
c. −$80.
Explanation:
The computation of the economic profit is shown below:
Economic profit = Total revenue - Cost of seeds - Earning foregone
where,
Total sales revenue is $300
Cost of seeds is $130
And, the earning foregone is
= 10 hours × $25
= $250
So, the economic profit is
= $300 - $130 - $250
= -$80
We simply applied the above formula to determine the economic profit
