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Alja [10]
2 years ago
7

Is the externality positive or negative? Explain. Identify the socially optimum output. Explain how you determined your answer.

Suppose that banana oil is produced by a profit-maximizing monopoly. Answer each of the following. i. Identify the unregulated firm’s output. Explain how you determined your answer. ii. To produce the socially optimum output, should the government tax or subsidize the firms in the banana oil industry? If so, how much should the tax or subsidy be? Suppose that banana oil is produced in a perfectly competitive industry. Answer each of the following. i. Identify equilibrium output in the absence of regulation. Explain how you determined your answer. ii. To produce the socially optimum output, should the government should tax or subsidize the firms in the banana oil industry? If so, how much should the tax or subsidy be?
Business
1 answer:
tankabanditka [31]2 years ago
4 0

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What role do values play in making ethical decisions?
Lubov Fominskaja [6]

Values play a central role in ethical decision making.It is because core values are so subjective, they will be relative to the individual who holds them. Not all individuals have the same core values and conflicts about them will often arise.

7 0
3 years ago
Assume that the hypothetical economy of Molpol has 8 workers in year 1, each working 1,200 hours per year (40 weeks at 30 hours
Harrizon [31]

Answer:

Answer for the question:

Assume that the hypothetical economy of Molpol has 8 workers in year 1, each working 1,200 hours per year (40 weeks at 30 hours per week). The total input of labor is 9,600 hours. Productivity (average real output per hour of work) is $10 per worker

Instructions: In parts a and b, round your answers to the nearest whole number. In part c, round your answer to 2 decimal places.

a. What is real GDP in Molpol? Suppose work hours rise by 2 percent to 9,792 hours per year and labor productivity rises by 5 percent to $10.5

b. In year 2, what will be Molpol's real GDP?

c. Between year 1 and year 2, what will be Molpol's rate of economic growth? percent

Is given in the attachment.

Explanation:

7 0
3 years ago
During the 1990s, one of the dominant firms in the U.S. cigarette industry would raise prices once or twice a year by about 50 c
ahrayia [7]

Answer: price leadership

         

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This business is typically the one with the minimum cost of production, thus being able to outperform the prices charged by any rival who tries to set their prices below the price range of the market leader.

Rivals could increase prices than the cost leader, but this would likely lead to lower share of the market unless rivals were able to distinguish their goods adequately.

Hence from the above we can conclude that the given case depicts price leadership strategy.

3 0
2 years ago
Karin Company's loan is due on July 1, 2018. What conditions must Karin meet (at a minimum) so that the note can be classified a
Sindrei [870]

Answer: D. A & C

Explanation:

A long term liability is one that is due to be paid in a period longer than a year. The loan is due in less than a year so the only way to classify it as a long term liability is to make it a loan that will extend past a year. This can be done through refinancing which is to replace the current loan with another loan.  

Karin's company therefore would need to demonstrate that the obligation can be refinanced on a long-term basis by them and they must also have the intention to do so as well.

8 0
3 years ago
Which statement is not correct about the business-society interdependence?
Dmitry_Shevchenko [17]

Answer:

D. Actions by governments rarely significantly affect business

Explanation:

Business-socciety interdependence points out how business activities impact society and how society impacts business decisions. Government actions play a significant role in business performance. For example, an increase in interest rate increases the cost of borrowing and acts as an investment disncentive. Likewise, an increase in corporation tax stifles the incentive to invest and reduces corporate profit. Other government interventions such as standards and regulations, minumum wage legislations, permits and licenses would not only reduce business profits but could make doing business very cumbersome. Also, the extent to which the government is committed to maintaining political stability could determine the extent to which invesmtent thrives in an economy.

6 0
3 years ago
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