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puteri [66]
3 years ago
5

Generally it is thought that assignment of property rights leads to efficient use of resources. We noted two cases however (the

Latifundio-minifundio system in Latin America, and tenant farming in Asia) where property rights lead to inefficient use of land. Explain why.
Business
1 answer:
malfutka [58]3 years ago
4 0

Answer:

Explanation:

This could be due a number of factors.

1 Externality effect

2 There could also be market failure, when property rights are not properly defined.

Externality is the effect of a third party on a property right, when all parties cannot come to an agreeable resolution on properties this could lead to inefficient use of land.

Also when the property rights are not put in place its difficult to come to a resolution that satisfies all parties.

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You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize w
son4ous [18]

Answer:

The present value of your windfall if the appropriate discount rate is 10 percent is $5,562

Explanation:

Amount of Prize = $3,000,000

number of year = 66 years

Discount Rate = 10%

use following formula to calculate the Present value of Lottery prize

Present Value = Future value / ( 1 + discount rate )^number of years

PV = FV / ( 1 + r )^n

PV = $3,000,000 / ( 1 + 0.10 )^66

PV = $3,000,000 x ( 1 + 0.10 )^-66

PV = $3,000,000 x ( 1.10 )^-66

PV = $5,561.65

PV = $5,562

8 0
3 years ago
Each firm can produce at most one car. Suppose the market for electric cars is competitive. Why is the equilibrium price in this
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Answer:

Consumer surplus = (60000 - 40000)+ (90000 - 40000)+(40000 - 40000) = $70000

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Consumer surplus = (Willingness to pay – Price)

Producer surplus = ( Price –Cost)

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3 years ago
A revenue variance is the:
IceJOKER [234]

Answer: Option C

                   

Explanation: In simple words, revenue variance refers to the difference between the revenue one expects to earn as per the budget made for a specified period of time and the revenue it actually earned in that time.

Organisations calculate revenue variance to identify the reasons they are not performing well or the qualities they are performing more than expected.

This measure helps organisation in decision making as to whether they should make changes in their process, and if so then wheat changes, or should remain as they are.

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3 years ago
In response to intensive foreign competition, the management of Florex Company has attempted over the past year to improve the q
SVEN [57.7K]

Answer:

oh ok i understand

awnser down here: <3

Synonyms:complicated, difficult, complex, elaborate, confused, confusing, incomprehensible, intricate, contorted, involved

Antonyms:straightforward, simple, make sense, understandable, intelligible, apparent, easy, evident, clear-cut, manifest

Entry:decadence

Synonyms:indulgence, self-indulgence, sybaritic, epicurean, extravagance, weakness, fun-loving, for fun, for a laugh

Entry:evil

Synonyms:the Devil, satanism, black mass, the forces of darkness​/​evil, satanic, Old Nick, horn, Satan

Entry:two-edged

Synonyms:mixed, patchy, spotty, mixed blessing, six of one, (and) half a dozen of the other, a double-edged​/​two-edged sword, work both ways, the rights and wrongs of something, cut both ways

Using the thesaurus

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SYNONYMS OF THE DAY

happy© PHOTODISC

happy

feeling pleased and satisfied

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glad

alive

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satisfied

contented

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put off

make someone not want or like something

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take up

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keen on something

interested in something and enjoying it

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I couldn’t agree more

used for emphasizing that you agree

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Browse more Synonyms:complicated, difficult, complex, elaborate, confused, confusing, incomprehensible, intricate, contorted, involved

Antonyms:straightforward, simple, make sense, understandable, intelligible, apparent, easy, evident, clear-cut, manifest

Entry:decadence

Synonyms:indulgence, self-indulgence, sybaritic, epicurean, extravagance, weakness, fun-loving, for fun, for a laugh

Entry:evil

Synonyms:the Devil, satanism, black mass, the forces of darkness​/​evil, satanic, Old Nick, horn, Satan

Entry:two-edged

Synonyms:mixed, patchy, spotty, mixed blessing, six of one, (and) half a dozen of the other, a double-edged​/​two-edged sword, work both ways, the rights and wrongs of something, cut both ways

Using the thesaurus

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happy© PHOTODISC

happy

feeling pleased and satisfied

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put off

make someone not want or like something

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take up

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