<span>c. common resources are rival in consumption.
In the tragedy of the commons, William Forster Lloyd presented the example of a common resource being over used and destroyed because for any individual abusing the resource, they gained a benefit while the damage to the resource was paid by everyone.
So let's look at the available options and see what makes sense, or doesn't make sense.
a. people consider the value of resources in the future more than in the present.
* If this were true, the there wouldn't be a tragedy of the commons. So this is an incorrect answer.
b. markets do not account for the presence of property rights.
* The tragedy of the commons doesn't involve property rights. EVERYONE in the community is allowed to use the commons. The problem is irresponsible overuse of the common resource. So this is also an incorrect answer.
c. common resources are rival in consumption.
* This is the correct answer. The concept of Rivalry is where a common resource can not be simultaneous consumed by multiple users, or if the consumption of a resource decreases its utility to another consumer. In the tragedy, if one person grazes (consumes) more than their fair share, the commons gets over grazed and over time stops producing. Each person who's overgrazing does get a tangible short term benefit for doing so, but everyone has to pay the cost.
d. government does not efficiently allocate society's scarce resources.
* This is also a wrong answer. It's true that the commons could be regulated by the government, but then it would no longer be the commons.</span>
Answer: $5,700
Explanation:
First find the depreciation for the first 4 years.
= (26,100 - 3,300) / 8
= $2,850
Accumulated depreciation in year 4= 2,850 * 4 = $11,400
Net book value in year 4 = 26,100 - 11,400 = $14,700
Revised useful life means only 2 years are left.
New depreciation = (14,700 - 3,300) / 2 = $5,700
It can be deduced that the number of blankets that must be sold in order for the company to achieve the target profit is 40000.
<h3>How to calculate the target profit</h3>
From the information, Blissful Blankets' target profit is $520,000 and each blanket has a contribution margin of $21. Fixed costs are $320,000.
Therefore, the number of blankets that must be sold to achieve the target profit will be:
= (520000+320000)/21
= 40000
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5000$ since 140k in four years . 5k /year total 20k
Inventory refers to the stock held by the company. An example of inventory could be "Fancy dishes and silverware used at a restaurant".
<h3>What is an inventory?</h3>
Inventory can be defined as the stock of goods or raw materials held by the company for further production or for sales.
Inventory varies from business to business. For example, for a scooter dealer, the scooters available at the store are his inventory.
For a restaurant business, the dishes, bowls, other utensils, tables, oil, and so on are considered as inventory.
Therefore, the correct option is C.
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