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OlgaM077 [116]
3 years ago
7

Market failure associated with public goods Deborah was willing to contribute $40 this year to her local college radio station.

However, after learning that the radio station already had met its goal of raising $500,000, she decided not to contribute, because she knew she could listen to it without contributing. This is an example of:________. 1. An opportunity cost 2. A deadweight loss 3. A spillover cost 4. The free-rider problem
Business
1 answer:
My name is Ann [436]3 years ago
3 0

Answer:

4. The free-rider problem

Explanation:

Based on the information provided within the question it can be said that in this scenario this is an example of the free-rider problem. This is a problem that occurs in many markets where individuals who benefit from certain resources such as public gods or services, do not pay for them because they know they will benefit regardless. Which is exactly why Deborah decided not to contribute in this scenario.

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Sonia creates tests for judging product safety and advises companies about how to reduce harm from use or misuse of the product.
NISA [10]

Answer:

D) Product safety Engineer

Explanation:

8 0
2 years ago
With only two goods, if the income effect is in the same direction as the substitution effect then the good is ____.
Leya [2.2K]

Answer:

Normal good

Explanation:

Income effect Is change in quantity demanded when the consumers purchasing power change as a result of a change in real income.

Substitution effect is when quantity demanded falls as a result of rise in price of a good which leads consumers to purchase cheaper alternatives.

A normal good is a good whose demand increases as income increases.

If the price of a normal good falls, the real purchasing power of the consumer increases and the consumer buys more of the good. Also, the consumer substituites from more expensive alternative goods to the more cheap normal good. The income and substitution effect both move in the same direction.

7 0
3 years ago
Which of the following is true? Select one: a. If the economy is close to capacity, with resources almost fully employed, the AS
djverab [1.8K]

Answer:

Correct option is C.

<u>If the economy is at full capacity, then the AS curve will be vertical</u>

Explanation:

The long-run aggregate supply curve is perfectly vertical, which reflects economists' belief that the changes in aggregate demand only cause a temporary change in an economy's total output. For the short-run aggregate supply, the quantity supplied increases as the price rises.

The full capacity AS curve is a long-run AS curved and it is vertical as the potential output level is denoted by it with the fully employed resources.

6 0
2 years ago
Markets and competition Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly c
Nadya [2.5K]

Answer:

The answer is true.

Explanation:

The sellers in the perfectly competitive market become price takers as they have to sell under the price decided in the market through supply and demand.

This is mainly because there is no way to differentiate the product to change the price. Since all goods are identical, one good is a perfect substitute for another.

7 0
3 years ago
XYZ Corporation, whose common stock is currently selling for $40 per share, is having a rights offering. The terms of the offeri
____ [38]

Answer:

$0.45

Explanation:

Computation for the theoretical value of a right before the ex-rights date

Using this formula

Theoretical value=(Common stock-Required offering subscription shares)÷(Offering require right+1)

Let plug in the formula

Theoretical value= ($40 ‒ $35) ÷ (10+1)

Theoretical value= $5.00 ÷ 11

Theoretical value=$0.45

Therefore the theoretical value of a right before the ex-rights date will be $0.45

3 0
2 years ago
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