Answer:
False
The diamond-water paradox is illustrated by stating that the marginal benefit of the services provided by doctors and nurses is relatively lower than the marginal benefit of the services provided by major film stars. This implies that the supply of doctors and nurses is larger than the demand while the demand for major film stars is larger than the supply.
Explanation:
The marginal utility derived by film consumers from major film stars is higher than the marginal utility derived by patients from doctors and nurses. This is because consumers of the services of major film stars are willing to pay more for the services than consumers of the services of doctors and nurses. Though health is more crucial to life than films, but consumers place more utility value on films than they do on their health, especially after attaining the basic sound health. This actually explains the diamond water paradox, where consumers value diamond and are willing to pay more for diamond than they are willing to pay for life-sustaining water. In a layman's language, people are more willing to value the satisfaction they derive from one more additional film than they are to value the satisfaction they derive from additional healthcare. That means that people only care for the basic in healthcare. But, they can stake more to acquire more diamond.
Both the state and the federal law define the exempt
(protected) assets of chapter 13, so they may change from one state to another,
but the following are the most basic ones, they are regulated by federal law,
and considered common in all the 50 states:
<span>- </span>Family homes (homestead)
<span>- </span>Cars
<span>- </span>Household items
<span>- </span>Household furniture
- Personal items like clothes and jewelry
The main condition to be eligible for chapter 13 is
demonstrate to the court that you have enough income after subtract basic
allowed expenses and obligatory payments on secured debts. The main idea behind
chapter 13 is the reorganization of your assets and create a repayment plan to
pay back your debts usually over a period of 3 to 5 years. Another condition is
that your debt cannot exceed $1’184.200 and you must be current in your income
taxes.
Rakesh jhunjhunwala is the stock market king
Answer:
The correct answer is (D)
Explanation:
A negative externality is a cost that is endured by an outsider as an outcome of a financial exchange. In economic exchange, the manufacturer and customer are the first and second parties, and the third party is the one who suffers from the transaction it incorporates any individual, association, land, and owner. The dry-cleaning business is creating a lot of negative externalities that equilibrium cost is too high ever to be ideal, and the equilibrium quantity is excessively low.
Answer:
Flat fee= fixed costs
Variable cost= rental plus
Explanation:
Giving the following information:
The Rent Expense for a 12-foot-long box truck, where Tamara's Trucks charges a flat fee of $150 per rental plus $0.79 per mile driven.
We need to determine what kind of costs are.
We know that fixed costs do not change with production variation. In this case, fixed costs don't change with milage. Therefore, the flat fee is a fixed cost.
Variable costs increase or decrease with variation in production. The total cost of rental plus varies with the number of miles. The rental plus is a variable cost.