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VLD [36.1K]
3 years ago
7

Explain the two causes of market failures. given their definitions, could a market be affected by both types of market failures

simultaneously?
Business
1 answer:
Nimfa-mama [501]3 years ago
4 0

One kind of market failure arises because there are situations when it is impossible to charge the customer for the service, for example if someone arranges an air show or fireworks, this can be seen from a far place as well as seen by paying for the event making it impossible to limit this for only those who pay for that. This is one kind of failure which is non-excludable (You cannot exclude those watching from far) and non-rival (One person’s watching does not limit other one’s sight).

Second kind is the presence of externality. It arises when the cost or benefits accrue to someone other than the buyer and seller. For example cigarette is affecting the third party by making the environment pollute.

Both can happen simultaneously. For example a firework show keeps both attributes of first kind and the second kind as well.

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The study of​ ________ reveals a number of ways to enhance your relationship strategy and add value. this helps the salesperson
tamaranim1 [39]

The answer to the blank space is etiquette and manners.

When a salesperson receives training to enhance their etiquette and manners, it would help with their self-confidence when meeting potential clients or customers. It would also help them in establishing a good relationship with these individuals, since people are more receptive to people with good manners.

4 0
3 years ago
an amount of 16000 is borrowed for 8 years at 3% interest, compounded annually. if the loan is paid in full at the end of that p
bezimeni [28]

He must pay back 20268.32 of amount after borrowing 16000 for 8 years at the interest rate of  3% for one year.

<h3>How to calculate loan amount ?</h3>
  • The term "Loan Amount" refers to the sum of money we currently owe you for this mortgage. The loan amount may also include other fees, interest , defaulted payments, interest on defaulted payments, principal, and interest on unpaid principal.
  • The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount.

Amount he borrowed = 16000

No. of years = 8 years

Rate of interest = 3%

Calculate full amount (A) :

Equation for A = P(1 + r/n)^(nt)

A =  16000(1 + .03)^8

A = 20268.32

He need to pay 20268.32 after 8 years.

To learn more about Loan amount refer :

brainly.com/question/26011426

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4 0
1 year ago
The U.S. government pays for _____ that producers would most likely not provide in the marketplace, such as building roads.
Bas_tet [7]
The answer is B hope this helps.
8 0
3 years ago
Read 2 more answers
Based on your results, how much does the captive offshoring model allow for risk? the answer is the difference between the tcos
blsea [12.9K]

The captive offshoring model allows for risk solely based on the Ricardian model.

<h3>What is the Ricardian model?</h3>
  • While the Heckscher-Ohlin model exclusively examines trade in finished goods, the Ricardian model can be used to assess offshoring.
  • There is no distinction because offshore may be studied using the offshoring, Ricardian, and Heckscher-Ohlin trade models.
  • The Ricardian model is an economic theory that proposes that countries export what they can produce most efficiently and plentifully.
  • Ricardian model is used to evaluate trade as well as, the equilibrium of trade between two countries that have varying specialties and natural resources
  • The Ricardian model shows that if anyone wants to maximize total output in the world, then one should fully employ all resources worldwide, allocate those resources within countries to each country's comparative advantage industries, and allow the countries to trade freely thereafter.

To learn more about Ricardian model with the given link

brainly.com/question/24261385

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5 0
2 years ago
A bottling plant fills 2,400 bottles every two hours. The lead time is 40 minutes and a container accommodates 120 bottles. The
Ludmilka [50]

Answer:

= 7.77

≅ 8 kanban cards

Explanation:

 K = \frac{DL(1 + S)}{C}

K = Number of kanban card sets

D = Average number of units demanded over some time period

L = Lead time to replenish an order

S = Safety stock expressed as a percentage of demand

C = Container size

where,

D = If the average number of units demanded is 2400 and the time period is 2 hours, then that's 1200 in an hour, 1200 in 60 minutes, 20 in one minute.  

L = 40

S = 0.1

C = 120

K = 20 * 40 (1 + 0.1) / 120

K = 7.77

approximately

≅ 8 kanban cards

4 0
4 years ago
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