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Ahat [919]
2 years ago
8

When the government provides free and reduced lunches to low-income students, it is addressing which type of market failure

Business
1 answer:
Mkey [24]2 years ago
7 0

A positive externality is when a good or service is produced and used in a way that benefits a party that is not directly involved in the market transaction.

<h3>What are the reasons for the Market Failure?</h3>

Externalities, public goods, market regulation, and a lack of knowledge are all possible causes of market failure. Market failures can be resolved through government involvement, such as new legislation, taxes, tariffs, subsidies, or trade restrictions.

The complete question is shown in the file attached below:

Thus, providing free and reduced lunches to low-income students by the government is a situation of positive externality where no directly involved in the market transaction.

Learn more about Market Failure here:

brainly.com/question/13123538

#SPJ1

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How is yard work related to entrepreneurial skills? List at least four skills you would use in creating a business. Design
yanalaym [24]

Answer:

Explanation:

Skills needed

Surveying

Planning

Constructs

Decor or furnishing

Resources needed

Workers or Labour

Raw materials

Capital

I'll charge according to the work done.

8 0
3 years ago
Which powers are derived to all government in the U.S. by the constitution
Lorico [155]

Answer:

Delegated (sometimes called enumerated or expressed) powers are specifically granted to the federal government in Article I, Section 8 of the Constitution. This includes the power to coin money, to regulate commerce, to declare war, to raise and maintain armed forces, and to establish a Post Office.

Explanation:

All rights to this answer go to The Founders and Federalism [ushistory.org]

3 0
3 years ago
The burden of a tax is shared by producers and consumers. Under what conditions will consumers pay most of the​ tax? Under what
Hunter-Best [27]

Answer:

B

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

If demand is more elastic than supply, if price is increased as a result of tax,  demand would fall more than supply. As a result, producers would bear more tax burden

4 0
3 years ago
(9782)
finlep [7]

Answer:

As she is going to start a profession, she should be aware of  the feature of Profession and features of profession she should know is explained below in detail.

Explanation:

A profession is described as obtaining high expertise in a certain discipline and working to develop all that field for the well-being of the earth.

As Doctor Sapna is about to operate for the well-being of all the people. She should have fascinating of the following characteristics of professionalism, such as:

  • Practical experience
  • Accountability
  • Well trained in all the technical tools
  • No discretion is choosing the patients
  • Direct work relationship
  • Ethical constraints
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8 0
3 years ago
Contribution Income Statement and Operating Leverage
Serjik [45]

Answer:

See below

Explanation:

Contribution income statement for the year ended, December 31, 2017

Sales ($90 per crate × 50,000 crates)

$4,500,000

Less:

Variable costs ($80 per crates × 50,000 crates)

($4,000,000)

Contribution margin

$500,000

Less:

Fixed costs

($280,000)

Net income

$220,000

8 0
3 years ago
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