All categories

4 years ago

The Coase theory suggests that private markets may not be able to solve the problem of externalities

Business

1 answer:

olga nikolaevna [1]4 years ago

3 0

Answer: A. When the number of interested parties is large and bargaining costs are high.

Explanation:

The Coase Theorem is a legal and economical theory used to describe competitive markets. When the competitive markets are high, bargaining costs are high because each company is is fighting for use of the production and distribution channels. There are efficient input and output levels in a competitive market.

You might be interested in

Total sales revenue is $1000, total variable costs are $600 and total fixed costs are $1000. The price is $10 per unit. Compute

Marizza181 [45]

Answer:

hehehe hi3h irh3r + 9 i0o

Explanation:

8 0

3 years ago

Glebe Company accepted a credit card account receivable in exchange for $1,100 of services provided to a customer. The credit ca

zimovet [89]

Answer:

Account receivable balance = $1,100 - ($1,100* 5%)

Account receivable balance =$1,100 - $55

Account receivable balance = $1,045

Date Account Title Debit Credit

Cash Account $1,045

To Accounts receivable $1,045

7 0

3 years ago

At the beginning of 2021, Terra Lumber Company purchased a timber tract from Boise Cantor for $2,950,000. After the timber is cl

Contact [7]

Answer:

depletion of the timber tract = $228,000 and

depreciation of the logging roads = $22,800

Explanation:

Timber tract

Depletion rate = (Cost - Residual Value) ÷ Estimated units

= ($2,950,000 - $670,000) ÷ 5,700,000

= $0.40

Depletion expense = Units used x Depletion rate

= 570,000 x $0.40

= $228,000

Logging Roads

Depreciation rate = (Cost - Residual Value) ÷ Estimated units

= ($228,000 - $0) ÷ 5,700,000

= $0.04

Depreciation expense = Units used x Depreciation rate

= 570,000 x $0.04

= $22,800

5 0

3 years ago

Which of the following describes the process by which radical changes needed to meet higher customer expectations can be achieve

Oliga [24]

Answer:

correct option is Business process reengineering

Explanation:

solution

the correct answer is Business process re-engineering because business process re-engineering is a radical re-design of the business process for getting improvement in the critical aspect as like it quality and cost and service etc.

and it is focusing on analysis and design of workflow

so correct option is Business process reengineering

6 0

3 years ago

In which part of a business plan would you find a description of the production technology, inventory procedures, quality issues

kaheart [24]

Answer:

BUSINESS OPERATIONS AND ORGANIZATION

Explanation:

Business plan - a plan for the implementation of business operations, company actions, containing information about the company, product, its production, markets, marketing, organization of operations and their effectiveness. Business planning is the definition of goals and ways to achieve them, through any planned and developed action programs, which in the implementation process can be adjusted in accordance with the changed circumstances. According to the definition of the Modern Economic Dictionary and the Big Economic Dictionary, a business plan is a plan, a program for carrying out business operations, enterprise actions, containing information about the enterprise, product, its production, sales markets, marketing, organization of operations and their effectiveness. A business plan is drawn up to describe the stages and ways of conducting an entrepreneurial operation, its profitability and is used to convince partners (creditors) of the advisability of the upcoming transaction, operation. In the “Economic Dictionary”, a business plan is a document developed by an enterprise in which the main aspects of a planned commercial event are systematized. That is, a business plan is the result of a consolidated systematic planning of the enterprise; This is a document of a strategic plan for the creation / development of an enterprise’s business, reflecting the current state, goals and strategy of achieving the expected needs and development of the enterprise. A business plan may also be the result of one-time project planning to solve a specific strategic task; This is the main document of the investment project, which sets out the essence, main characteristics, financial results and economic efficiency of the project. Business planning is the development of a business plan, that is, a procedure for collecting, processing information, making a system of interconnected management decisions in order to obtain the expected result.

Usually, Business Plan contains in 8 parts:

1.Executive summary

2. Background

3. Products and services

4. Markets and clients

5. Business operations and organization (the true answer to the question)

We can include there: location and premises, marketing and selling methodology, manufacturing, distribution, order processing/inventory control, company structure/organization, project management and management information systems/reporting.

6. Human resources

7. Legal framework, and environmental and social factors

8. Financial planning

5 0

3 years ago