If two projects (investments) a and b are said to be mutually exclusive, then we know that the firm must choose to invest in either A or B, but not both.
The term "mutually exclusive projects" is typically used in the capital budgeting process where firms select one project from a range of projects based on specific criteria, with the approval of one project resulting in the rejection of the other projects.
Capital projects that compete head-to-head are said to be mutually exclusive. Projects X and Y are said to be mutually exclusive, for instance, if a management must choose precisely between completing either project X or Y, but not both of them simultaneously.
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Missing Part of Question:
The related graph was not present with the original question, so I am attaching it here.
Explanation:
(a) In a free market, at a quantity exactly equal to , the value of a unit to a buyer is equal to the cost of a unit to a seller. For a quantity below , the value of unit to a buyer is greater than the cost of that product to the seller. Finally, for a quantity above , the value of that unit to the buyer is less than the cost incurred by the seller.
(b) The dumping of toxic chemicals is a typical scenario of Negative Externality which may lead to Market Failure due to poor display of supplier reputation.
Answer:
The contribution margin and the contribution ratio is $0.90 and 50% respectively.
Explanation:
The formula to compute contribution margin per package is shown below:
Contribution margin = Selling price per package - variable expense per package
= $1.80 - $0.90
= $0.90
And, the formula to compute contribution ratio is shown below:
= (Contribution per package ÷ selling price per package) × 100
= ($0.90 per package) ÷ ($1.80 per package) × 100
= 50%
Answer:
C:Payday lenders
3. Consumer finance companies
Explanation:
Since the increasing level of government transfers only transfers the wealth without actual creation of goods/services, Higher taxes may be necessary to finance increased transfer payments, leading to a reduction in hours worked because of a decrease in the reward for productive activity. Not only that, <span>.Greater transfer activity diverts productive resources into rent-seeking activity</span>