1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
timama [110]
3 years ago
10

Loggers are much likely to supply wood to the market if property rights are enforced. In the presence of market failures, public

policy can improve economic efficiency. Classify the source of market failure in each case listed. Market Failure Market Power Externality There is only one car dealership in a small town, giving the dealership the ability to influence the price of cars. A person smoking in a restaurant emits second-hand smoke that harms other restaurant patrons.
Business
1 answer:
alekssr [168]3 years ago
5 0

Answer:

much <em>more </em>likely;

There is only one car dealership in a small town, giving the dealership the ability to influence the price of cars. - <em>Market power</em>

A person smoking in a restaurant emits second-hand smoke that harms other restaurant patrons. - <em>Externality</em>

Explanation:

<u>Property rights</u> are an incentive for individuals to create goods that are needed on the market. In other words, when a discrepancy between demand and supply occurs on a specific market, entities, businesses or individuals that create the goods are motivated to meet market needs through enforced property rights.

On the other hand, when there is a lack of property rights that regulate the market, <em>market failures</em> occur. Two common types of market failures include <em>market power</em> and <em>externalities</em>.

The car dealership example shows <u>market power</u> in practice, as the reigning company can dictate car prices.

The second example shows an externality, as there is evident influence (cost or benefit) on the third party, which they cannot change. People are affected (negatively) by smoke they did not create.

You might be interested in
5. Consumers subconsciously screen out stimuli that they find psychologically threatening, even though exposure has already take
svetoff [14.1K]

Answer:

The correct answer is letter "E": Perceptual defense.

Explanation:

In psychology, perceptual defense refers to the suppression of a stimulus that represents a threat or an uncomfortable situation for an individual. Those inputs are distorted somehow by the individual to reject the unpleasant feeling so that the person does not feel that bad because of it. In such a way, the brain works as a defense mechanism able to distort information to mitigate the effects in the behavior produced by the stimulus.

5 0
3 years ago
Shawn Bixby borrowed $21,000 on a 120-day, 12% note. After 70 days, Shawn paid $2,400 on the note. On day 100, Shawn paid an add
Zarrin [17]

Answer:

Ending Balance Due = $14,980.106

Total Interest = $780.106

Explanation:

solution

Total Interest and Ending balance due by the U.S. Rule are as given below

so interest is here for 70 day with 12 % of 21000

interest = 0.12 × 21000 ×  \frac{70}{360}

interest = $490

so

payment = $2400 - $490

payment = $1,910

and adjusted balance  will be after that

adjusted balance  = $21,000 - $1,910

adjusted balance  = $19,090

and

on 100 day

Interest  =  0.12 × $19,090  ×  \frac{30}{360}

Interest  =  $190.9

and

Payment  = $4,400 - $190.9

payment = $4209.1

So

adjusted balance  = $19090  - $4209.1

adjusted balance  = $14,880.9

and interest = $14,880.9 × 0.12  ×  \frac{20}{360}

interest = $99.206

so Ending Balance Due  will be

Ending Balance Due = $14,880.9 + $99.206

Ending Balance Due = $14,980.106

and

Total Interest = $490 + $190.9 + $99.206

Total Interest = $780.106

5 0
3 years ago
(Consider This) According to economist Abba Lerner (1903-1982), fiscal and monetary policy is analogous to
bulgar [2K]

Answer:

a steering wheel in an automobile.

Explanation:

Abba Lerner a twentieth-century economist, is widely known for his suggestion of the utilization of fiscal policy and monetary policy as a form of Keynesian economics. In his analysis, he declared that fiscal and monetary policy is analogous to a steering wheel in an automobile.

Hence, the correct answer to the question is "a steering wheel in an automobile."

3 0
3 years ago
what is the best strategy to avoid paying interest on your credit cards? who ever answers fast enough gets 30 points, so i'd hur
adoni [48]

Pay off your balance every month.

Explanation

Avoid paying interest on your credit card purchases by paying the full balance each billing cycle. Resist the temptation to spend more than you can pay for any given month, and you'll enjoy the benefits of using a credit card without interest charged

5 0
3 years ago
Read 2 more answers
According to an article by Sarah Witten published this May 18, 2018 on CNBC.com, birth rates in the U.S. have been falling since
Assoli18 [71]

Answer:

a) DIAPER market is witnessing a frenzy of activity by manufacturers launching brands, and petrochemical firms planning to produce superabsorbent polymers (SAPs) used in making disposable nappies.The disposable diaper market in the country is at a nascent stage, with extremely low consumption. However, the potential is huge, given the largest infant population in the world and a large, growing middle class with expanding disposable incomes. Diaper manufacturers and petrochemical companies seem to have realized the enormity of this emerging market.The Indian disposable diaper market is currently pegged at nearly Indian Rupees (Rs) 700m ($17.4m, E12.6m) and 30,000 tonnes/year, and is estimated to grow between 5-10% annually. It comprises brands like Huggies (60% market share) and Pampers (30%) from multinationals Kimberly Clark and Procter & Gamble, respectively. Domestic consumer products major Godrej's Snuggy is the third-largest brand of diapers in the Indian market, with a 10% share.

Procter & Gamble launched its $6bn (€4.4bn) diaper brand Pampers in India in December 2006. "Diapers is a focus area for the company in India and has huge potential," says Shantanu Khosla, managing director of Procter & Gamble India. The potential for Pampers is huge, as India has 45 million babies, the largest number of infants in the world, according to associate marketing director of Pampers J P Kuehlwein.

Godrej also has expansion plans. It acquired the Snuggy brand of diapers from Shogun Industries late last year. It has also recently formed a Rs200m joint venture with SCA of the UK for manufacturing and marketing of baby diapers in India, Nepal and Bhutan.

Most diaper brands continue to be imported, including Snuggy. Godrej outsources its diapers from a Chinese company and will continue to do so until volumes pick up.

Other companies are also getting into the act. India's third-largest software exporter, Wipro, is entering the diaper market, as is Malaysia's People & Gratt with its Shee Shee brand of diapers.

According to Musaib Ahmed, director of People & Gratt, his company is eyeing a 10% market share in India in its first year of operations. He says the company plans to establish a wide distribution network in the major metropolitan and second tier cities in the first year.

b) , since the increase in price does not have a large impact on quantity demanded. If an increase in price causes a decrease in total revenue, then demand can be said to be elastic, since the increase in price has a large impact on quantity demanded.On the other hand, if the price for an inelastic good is increased and the demand does not change, the total revenue increases due to the higher price and static quantity demanded. However, price increases typically do lead to a small decrease in quantity demanded.

Price inelasticity is very beneficial for businesses and is important in understanding how they should formulate their pricing strategy. Price inelasticity offers firms greater flexibility with prices as the change in demand remains essentially the same whether prices increase or decrease. If the price goes up or down, you can expect consumers’ buying habits to stay mostly unchanged.

How Price Inelasticity Affects Demand

For price inelastic goods or services, the change in the amount demanded is minimal with respect to the change in price.

This can affect demand and total revenue for a business in two ways.

Less Overall Revenue

If the price for an inelastic good is lowered, the demand for that good does not increase, resulting in less overall revenue due to the lower price and no change in demand. This would indicate that the firm should not reduce the price of its goods as there is no beneficial outcome in doing so.

More Overall Revenue

On the other hand, if the price for an inelastic good is increased and the demand does not change, the total revenue increases due to the higher price and static quantity demanded. However, price increases typically do lead to

Explanation:

8 0
3 years ago
Other questions:
  • Under which circumstance might you receive a tax refund from the irs
    6·2 answers
  • What is a corporation?
    6·2 answers
  • The key lesson regarding symptoms is that they:
    10·2 answers
  • Forest &amp; Field Company makes and leases a backhoe to Zac. Due to a defect attributable to Forest &amp; Field's negligence, Z
    14·2 answers
  • MC Qu. 128 Leeks Company's product has... Leeks Company's product has a contribution margin per unit of $13.57 and a contributio
    14·1 answer
  • Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $152,000 Credit sale
    13·1 answer
  • 4. The ____ condition requires that only one of the selected criteria be true for a record to be displayed.
    10·1 answer
  • If you fail to submit the FAFSA...
    15·1 answer
  • Brendan buys a used car in April 2020 from his neighbor for $20,000. After one month, he loses his job and decides to sell the c
    7·1 answer
  • a. Some entrepreneurs claim that creating a business plan is not necessary for launching a successful business venture. Do you a
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!