Answer:
Self assured and doesn't make the same mistake twice
Explanation:
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Answer:
Pbundle = $48, Ppedicure = $32, Pmanicure ≥ $24
Explanation:
Type pedicure manicure combined WTP
Sandals wearer $32 $8 $40
Boot wearer $24 $24 $48
Two possible bundle prices = 40 & 48
High bundle price low bundle price
P-bundle $48 $40
P-pedicure $32 $24
P-manicure $24 $16
The price of the services should be given as;
Pbundle = $48, Ppedicure = $32, Pmanicure ≥ $24
Answer:
d) result in overproduction or underproduction of a good.
Explanation:
Market failure occurs when market forces fails to allocate goods and services efficiently.
The government usually intervenes to correct market failure.
Externalities usually lead to market failure.
Positive externality is when the benefits of economic activities to third parties exceeds its cost. Research and development usually yield postive externality.
Goods that yield postive externality are usually underproduced. Government can intervene by giving subsidies and grants which encourages production.
A negative externality is when the cost of economic activities to third parties exceeds the benefit. Pollution is an example of negative externality. Goods that yield negative externality are usually overproduced. Government can intervene by taxing companies producing negative externality. This would increase the cost of production and discourage production.
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Answer:
c. produces a higher quality of life.
Explanation:
Maximizing this number produces a higher quality of life for the individual in question. This is because allowing the individual to be free of chronic illness drastically reduces stress. This new stress-free life helps the individual live to their fullest potential and become happier, which are all factors that contribute and increase that individual's quality of life.
Because developed countries have more resources than the non developed countries which makes the kids in a developed country at a advantge <span />