Answer:
The correct answer is letter "A": Those who are unwilling or unable to pay for the good do not obtain its benefits.
Explanation:
The excludability feature of goods does not allow individuals to have access to them without having paid for them. Thus, non-excludable goods are those that no one cannot prevent its use. <em>Private goods</em> (clothing, vehicles, houses) are excludable but they are also considered rival goods since when one person uses it another individual cannot consume the goods.
Answer:
Shadow price
Explanation:
A shadow price can be understood as the hypothetical price for everything that is n't currently priced or distributed in the economy. It's commonly utilized in cost analysis to measure intangible properties, and it could also be utilized by analysts to determine the actual worth of a commodity market share or even to value spillovers.
Thus, from the above we can conclude that the correct answer is shadow price.
Answer:
Per year installment shall be $22,101
Explanation:
By using annuity formula we have
P=$58,000
Annuity Factor=2.62432
P=Installment*2.62432
$58,000=Installment*2.62432
Installment=$58,000/2.6243
Installment per year=$22,101
Answer:
c. Pie
Explanation:
In order to determine which product is the most profitable, we must calculate the contribution margin per hour:
Cake Pie Cookies
contribution margin $18 $11 $3
production time 3 1 .30
contribution margin p/hour $6 $11 $10
Pie is the most profitable product, followed by cookies, and cakes are the less profitable products.
I am pretty sure the answer is C.