Answer:
Because the government can use her sovereign power to both mitigate negative externalities as well as encourage positive externalities.
Explanation:
A positive externality occurs when the transaction between a producer and end user benefits a third party that did not take art in the process.
A very Good example is Education. There is a third party benefit to the society when we have more educated citizens.
A negative externality happens when the business transaction between a manufacturer and consumer affects a third party adversely. a typical example is cigarettes. When cigarettes is consumed by the end user, the smoke can affect the health of a third party that was not part of the initial transaction.
To deal with both positive and negative externalities, government intervention is very crucial.
Government encourages positive externalities like education by subsidizing the cost of attending a school. They also enact laws that make basic education compulsory.
In the case of negative externalities, Government can intervene with a ban on producing harmful goods and also set a legislation about smoking in public laces to mitigate the health complications caused by third party inhalation.
Answer: Equilibrium price is $3 and equilibrium quantity is 40 units.
Explanation:
Demand equation is given by,
Therefore the demand equation is given by, 
Supply equation is given by
Therefore, the supply equation is given by,
Equilibrium is given by
Answer is : legal title
The factor which determines whether or not goods should be included in a physical count of inventory is:
a. legal title.
b. whether or not the purchase price has been paid.
c. management's judgment.
d. physical possession.
a. legal title
current account and 2 years after acount are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.
Restaurants of any size are regulated by a variety of local, state and federal laws dealing with health and safety for customers and employees. A critical component of restaurant design is providing restrooms for customers and employees, and for both men and women in each category. This includes the physical facilities and signage, as well as provision for handicapped or wheelchair access. In most areas, a local health department is the key agency monitoring all regulations related to restaurant restrooms, and it should be consulted during the design phase. An inspection, including restrooms, normally is required before a restaurant can open.
