Two main characteristics of Public goods are that they are non-excludability and non-competitiveness. These characteristics make it difficult for market producers to sell their goods to the individual consumers. The Non-excludable means that it is expensive or impossible for users to exclude other users from using the product.
The US Border Patrol is a Public Good US Border Patrol is a public good because it is the non-competitive and non-exclusive. The Satellite TV is personal property. Equilibrium output is greater than efficient output when negative externalities exist in the market. Use the regulations that require firms to internalize external costs.
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Resume, school transcript, professional certifications, awards, memberships in professional organizations. Letters of recommendation, "thank you" notes, newspaper/website articles about you.
Outsourcing is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technology, and marketing can be moved outside the firm.
The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy.
The outside business, often referred to as the network operator or third-party provider, makes arrangements for its own personnel or technological resources to carry out the duties or offer the services either on-site at the premises of the hiring business or at other places.
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Answer:
If American produces the new compound, profit will increase by $88,000
Explanation:
increase in selling price = selling price of new variant of chemical - selling price of chemical compound
= $83 - $52
= $31
Net increase in profit = total increase in selling price - additional processing cost
= $31*8000 - $160000
= $248000 - $160000
= $88,000
Therefore, If American produces the new compound, profit will increase by $88,000.
net increase in profit =
