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1 year ago

Market failure associated with the free-rider problem is a result of.

Business

1 answer:

julia-pushkina [17]1 year ago

5 0

Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.

<h3>What is market failure?</h3>

Market failure refers to a situation when there's an inefficient distribution of resources in the market.

Market failure occurs when the free market does not distribute resources efficiently. This leads to rational outcomes for the group as a whole.

Hence, market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.

Learn more about market failure here : brainly.com/question/368647

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Alexandra has determined that studying an hour for her economics quiz will improve her grade on the quiz from 75 to 100. She als

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Answer:

study when the hourly rate is below or equal to $20

Explanation:

Cosidering the economic principles of opportnity cost Alexandra will only study that extra time if the loss wages are less or equal to $20 dollars

as a higher hourly rate will make the $20 dollar she consider the change in grade worth it to leave a net loss after considering the implicit cost of the test

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3 years ago

Kenyon Co. uses the perpetual inventory method. Kenyon purchased 400 units of inventory that cost $6.00 each. At a later date th

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Answer:$5600

Explanation:

The FIFO inventory system is an inventory system where the inventory purchased first is the first to be sold.

If 800 units are sold, the inventory sold would be calculated as:

$6 × 400 = $2,400

$8 × 400 = $3200

=$5,600

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2 years ago

A management concept based on an understanding of the changing wants and needs of customers, and which leads to flexible product

goldfiish [28.3K]

Answer:

customer orientation

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customer orientation can be regarded as business approach where the company helps the customer to achieve their aim and goals.

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2 years ago

Cash Flows. Quick Computing currently sells 10 million computer chips each year at a price of $20 per chip. It is about to intro

Tema [17]

Answer:

Since net revenue has increased from $140 million to $246 million = $106 million by considering all costs thus all the costs and revenue shall be considered.

Explanation:

For calculating the present value, all the cost and revenue will be considered.

Original revenue = Sale of 10 million chips

10 million $\times$ $20 = $200 million

Less: Cost = 10 million $\times$ $6 = $60 million

Net Revenue = $140 million

In case of introducing new chips

Revenue will be as follows

12 million $\times$ $25 + 3 million $\times$ $20

= $300 million + $60 million = $360 million

Less: Costs 12 million $\times$ $8 + 3 million $\times$ $6

= $96 million + $18 million = $114 million

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Since net revenue has increased from $140 million to $246 million = $106 million by considering all costs thus all the costs and revenue shall be considered.

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2 years ago

Of money's three functions, the one that distinguishes money from other assets is:

NNADVOKAT [17]

Answer:

Medium of Exchange

Explanation:

The main function that distinguishes money from other assets is that everybody accept the money as a medium of exchange, either for our job or to buy things that we are interested.

Always through history the main function of money was to be a medium of exchange because at the begining money didn't exist so you needed to use different things, first salt, then precious metal and today money as we know.

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3 years ago