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kotegsom [21]
2 years ago
10

If the production of a good created both external costs and external benefits, but the external costs were greater, without gove

rnment intervention, a market economy will:_____.
Business
1 answer:
hichkok12 [17]2 years ago
3 0

If the production of a good created both external costs and external benefits, but the external costs were greater, without government intervention, a market economy will ​not produce the product at all.

In the production and consumption of goods and services, there exist costs that are passed on to a third party. The general public, who is ultimately responsible for paying for them, is in fact subsidizing goods and services with external costs.

External costs are still necessary to be paid for even when they are not included in the product's price. It is ultimately the responsibility of society as a whole to pay for external costs through taxes, accident compensation, medical expenditures, insurance premiums, deterioration in environmental quality, and losses in natural capital.

Usually, the price of goods and services includes External costs, which results in a higher overall cost. Because consumers frequently select the lowest options, clean, sustainable products have a pricing disadvantage.

Learn more about External costs here

brainly.com/question/13524644

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Thirsty Thelma owns and operates a small lemonade stand. When Thelma is producing a low quantity of lemonade she has few workers
IRISSAK [1]

Answer:

b. the marginal cost of one more glass of lemonade is smaller than if output were high.

Explanation:

Since the Thirsty Thelma operates in small lemonade stand and when she produced a low quantity of lemonade she has fewer workers plus her equipment is also not fully utilized

So she put her idle resources to use for one more glass of lemonade as if its output is high

Hence, the second option is correct

3 0
3 years ago
Many locations require that renters be paid interest on their security deposits. If you have a security deposit of $3,600, how m
Veseljchak [2.6K]

Answer:

So you should expect to receive $108 in interest per year

Explanation:

If you put money on security deposit, it is still your money and you should receive interest for it like when you put money on a bank deposit.

For a $3,600 deposit with 3 percent per year interest, the interest you should be paid would be:

3,600 * 0.03 = $108

4 0
3 years ago
Compute the total manufacturing cost for a manufacturer with the following information for the month.
Karo-lina-s [1.5K]

Answer:

$78,500

Explanation:

Given;

Raw materials purchased = $32,400

Direct materials used = $53,750

Direct labor used = $12,000

Factory supervisor salary = $8,000

Salesperson commissions = $6,200

Depreciation expense—Factory building = $3,500

Depreciation expense—Delivery equipment = $2,200

Indirect materials = $1,250

Total manufacturing cost = $53,750 + $12,000 + $8,000  + $3,500  + $1,250

                                         = $78,500

Depreciation expense—Delivery equipment and Salesperson commissions are elements of selling cost. Raw materials purchased is part of direct material cost.

8 0
3 years ago
The new whig party consisted mainly of those who disliked
Schach [20]
The new whig party consisted mainly of those who disliked Andrew Jackson
8 0
4 years ago
a debt of $1,000 is incurred at t 5 0. What is the amount of four equal payments at t 5 1, 2, 3, and 4 that will repay the debt
harina [27]

Answer: $315.47

Explanation:

As this requires equal annual payments, it makes it an annuity. The $1,000 debt will be the present value of the annuity so a present value of annuity formula can be used:

1,000 = Annuity * ( 1 - ( 1 + rate) ^ -n) / rate

1,000 = Annuity * ( 1 - ( 1 + 10%)⁻⁴ ) / 10%

1,000 = Annuity * 3.169865

Annuity = 1,000/3.169865

Annuity = $315.47

7 0
2 years ago
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