A public service is something provided by the government or another official entity for the benefit of all members of a society or community, such as health care, transportation, or garbage management.
Any service designed to meet the specific needs of the total population of a community is considered a public service. People who live in a government jurisdiction can access public services directly from public sector organizations or through public financing of private companies or nonprofits (or even as provided by family households, though terminology may differ depending on context). Other public services are provided on behalf of or in the best interests of the citizens of a government. The phrase refers to a social consensus .
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Answer: <em>Option (d) is the correct answer.</em>
Ben view the investment by government as a way to jump start a weak economy, i.e. investment by government will allow industries to hire new employees or workforce in order to meet production demand. Thereby increasing government spending through investing in construction of road and bridge, Ben assumes that the state will intervene in market to help revive a weak economy.
Answer:
About the Lagrangian method,
We can use it to solve both consumer's utility maximization and firm's cost minimization problems.
Explanation:
Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints. Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables. Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.
Answer:
Option (C) is correct.
Explanation:
We have to use MM proposition that cost of equity will change itself in such a manner so that it can take care of its debt.
Cost of equity:
= WACC of all equity firm + (WACC of all equity - Cost of debt ) × (Debt -to-equity ratio)
At the beginning, when there was no debt,
WACC = cost of equity = 12 %
Levered cost of equity:
= 12% + ( 12% - 6%) × 0.5
= 15%
Therefore, Rearden's levered cost of equity would be closest to 15%.
