Answer:
D. The marginal cost of light is zero, and by convention zero-priced goods and services are excluded from GDP
Explanation:
Only things that have a monetary cost are included in GDP. Things that do not cost "anything" in monetary terms are not included, and this is a major shortcoming of GDP.
From an ecological economics standpoint, things like sunlight, air, and water are often not valued and included in GDP. This is the same case as in the question, because the marginal cost of light is zero, then, it is not included in GDP.
The term that defines the prescribed forms and practices of appropriate behavior is called etiquette.
<h3>What is etiquette?</h3>
Etiquette are behavior expected to be complied with people. It means acceptable standard of behavior in the society.
Hence, the term that defines the prescribed forms and practices of appropriate behavior is called etiquette.
Learn more about etiquette here : brainly.com/question/5718637
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Answer:
$221,500
Explanation:
The computation of the amount of the goodwill is shown below:
Goodwill = Acquiring value - fair market value of all assets
where,
Acquiring value = $502,000
And, the fair market value of all assets is
= Account receivable market value + inventory market value + fixed assets market value + other assets market value
= $35,000 + $183,000 + $46,500 + $16,000
= $280,500
So, the goodwill is
= $502,000 - $280,500
= $221,500
Answer:
The theory of absolute advantage
Explanation:
The theory of absolute advantage is a quantity-based approach to measuring the productivity of nations with respect to their output in international commercial dealings.
The theory was an Adam Smith's submission that emphasizes that nations of the world should specialize in producing goods and services that they are most productive.
The theory failed to address a major problem that in gaining a benefit another alternative benefit is lost,hence nations should also factor in the benefits they lose when they specialize in producing certain products.
Answer:
A. She will get a share of the residual earnings of the business.
Explanation:
When someone buys a corporation's stock, they become co-owners of the corporation and acquire a fraction (or piece) of the corporation.
Stockholders like Salma, are entitled to voting rights (proportional to the amount of stocks owned), dividend distributions (own a fraction of the corporation's profits) and essentially own a piece of the corporation's wealth.
