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3 years ago

Which incentives do interest groups engage in to overcome the free rider problem?

1 answer:

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An incentive that interest groups engage in to overcome the free rider problem is packaging a selective incentive, <span>a private good available to members only, with public goods produced by the interest </span>group. This type of packaging is also used by American Association of Retired Persons or ARRP and other interest groups.<span> </span>

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A suburban taxi company is considering buying taxis with diesel engines instead of gasoline engines. The cars average 80,000 km

liraira [26]

Answer:

Diesel engine taxis should be chosen.

Explanation:

Useful life = 5 years

Annual distance covered = 80000 km

For a diesel car

Annual fuel cost = (80000/16)*.88 = $4400

Present value of total cost = vehicle cost + present value of the fuel cost + present value of annual repair cost + present value of annual premium – present value of resale value

Present value of total cost = 24000 + 4400*(1-1/1.06^5)/.06 + 900*(1-1/1.06^5)/.06 + 1000*(1-1/1.06^5)/.06 - 4000/1.06^5

Present value of total cost = $47548.86

Let, uniform annual cost = EUAC1

Then, EUAC1 = 47548.86/((1-1/1.06^5)/.06)

EUAC1 = $11287.93

For a gasoline car

Useful life = 4 years

Annual fuel cost = (80000/11)*.92 = $6690.91

Present value of total cost = vehicle cost + present value of the fuel cost + present value of annual repair cost + present value of annual premium – present value of resale value

Present value of total cost = 19000 + 6690.91*(1-1/1.06^4)/.06 + 700*(1-1/1.06^4)/.06 + 1000*(1-1/1.06^4)/.06 - 6000/1.06^4

Present value of total cost = $43322.83

Let, uniform annual cost = EUAC2

Then, EUAC2 = 43322.83/((1-1/1.06^4)/.06)

EUAC2 = $12502.6

Conclusion: The diesel engine taxis should be chosen because it offers relatively lower uniform annual cost compared to the gasoline engine taxis

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3 years ago

When OSHA was enacted in 1970, it was heralded as the most important new source of protection for the U.S. worker in the second

harkovskaia [24]

Explanation:

This act OSHA is effective in the establishment of safety and health standards in businesses. Without this act there would be unsafe working conditions for employees in some companies.

The act is ineffective because of the political administration of the day. A new administration may decide to increase the budget, while another may decide to cut it. There is no standard budget for OSHA.

I do not think the act should be expanded. But it does need an amendment which should follow technological advancements.

Although this act has set safety guidelines for companies to follow, so as to make sure that workers are safe where they work, I believe that companies, businesses, should be allowed to some extents to set safety standards for their workers above that of OSHA.

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3 years ago

What component of financial information helps investors analyze their prior assessments regarding a company's cash flow generati

nasty-shy [4]

Answer:

The correct approach will be "Confirmatory value ".

Explanation:

Knowledge is important because it allows financial reports to forecast future market patterns (Predictive Value) as well as to validate or correct any prior projections they already established (Confirmatory Value).
Confirmatory value helps consumers to discover for and validate time to evaluate or assumptions. Materiality seems to be an attribute of interest that is unique to a particular person. It assumes that everything that makes one individual equipment might not have been material to yet another.

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3 years ago

Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth w

Wittaler [7]

Answer:

a. The price levelb. The inflation rate

Explanation:

If the Fed doubles the growth rate of the quantity of money in the economy, the supply of money in the economy would rise. The rise in money supply would increase the price level and inflation level.

Inflation is a persistent rise in the general price levels

I hope my answer helps you

6 0

3 years ago

Students in Mr. Kester's class are practicing the strategy of organizing lecture information by using Cornell notes. Mr. Kester

Mkey [24]

Answer:

Mr. Kester's class is at Retention Phase of transfer of this strategy.

Explanation:

Retention Phase:

In learning, retention phase is defined as the stage at which an individual is feeling difficulty to understand the new concept entirely but has started to understand some concepts.

In our case, same thing is happening in the class of Mr. Kester as some of the students have learned the strategy effectively while some students are struggling.

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3 years ago