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lana [24]
3 years ago
13

The term "market failure" a. refers to the dissolution of a market when firms decide to quit producing a certain product. b. ref

ers to government's failure to enforce the property rights of households or firms that participate in a certain market. c. refers to the failure of a market to produce an efficient allocation of resources. d. means the same thing as "market power."
Business
1 answer:
gulaghasi [49]3 years ago
7 0

Answer:

c. refers to the failure of a market to produce an efficient allocation of resources.

Explanation:

Market failure occurs when distribution of goods and services in a market is not efficient. This leads to low incentive for rational behaviour.

Individuals make decisions that will benefits themselves alone while the group suffers. This results in disequilibrium where the quantity supplied does not equate to amount demanded.

Market failure can be solved by using methods like government imposed solutions or voluntary collective actions.

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Rob works for $8.00 per hour. His regular hours are 40 hours per week and he gets time-and-a-half for overtime. One week he work
Arlecino [84]

Answer:

$440

Explanation:

$8.00 x 40 = 320

1.5 x 8 = 12

12 x 10 = 120

320 + 120 = 440

5 0
2 years ago
Use this information for Carmen Co. to answer the question that follow. Carmen Co. can further process Product J to produce Prod
liubo4ka [24]

Answer:

the differential cost is $11.65 per pound

Explanation:

The computation of the differential cost of producing product D is shown below:

Here the differential cost of generating product B should be considered as the additional cost needed to produced i.e. $11.65 per pound

Therefore the differential cost is $11.65 per pound

So, the same should be relevant

4 0
3 years ago
Type the correct answer in the box. Spell all words correctly.
kogti [31]

Answer:

Supply is dependent on factors like the cost of production and other aspects. The law of supply states that if everything else remains constant and the product price increases, then there will be a(n) <u>INCREASE</u> in the quantity of the product that producers are willing and able to produce.

Explanation:

The law of supply basically states that if the price of a good or service increases, the quantity supplied should increase. On the other hand, the law of demand states the opposite, as the price of a good decreases, the quantity demanded will increase. The equilibrium point is where both the supply and demand curve intersect.

8 0
2 years ago
Common stock is called a hybrid security because it takes on the attributes of both preferred stock and bonds.
stellarik [79]

Answer:

false

Explanation:

examples of hybrid stocks is convertible preferred shares

A common stock is a stock that entitles owners of the stock to a fixed amount of shares and holders of the stock are owners of the company where the stock is bought.

3 0
3 years ago
Read 2 more answers
For spring break, Melanie will either stay home or go to Daytona Beach. At home, Melanie pays $10 per day for food and earns $90
zavuch27 [327]

Answer:

$100

Explanation:

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives

If Melanie goes to the beach, she would not be able to stay at home. Staying at home is the opportunity cost of going to the beach.

The total opportunity cost of going to the beach = $10 + $90 = $100

3 0
3 years ago
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