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gregori [183]
3 years ago
5

From the standpoint of economic efficiency, markets tend to provide a. less of a public good than would be efficient. b. more of

a public good than would be efficient. c. exactly the amount of a public good that is efficient. d. none of the above
Business
1 answer:
schepotkina [342]3 years ago
6 0

Answer:

A) less of a public good than would be efficient.

Explanation:

The main characteristic of free markets is that the private participants (suppliers and consumers) decide how to allocate resources. They allocate resources in a way that their utility is maximized: suppliers maximize their profit while consumers maximize satisfaction. The problem with private goods  is that they do not maximize profits for the suppliers, therefore, very few or no suppliers are willing to supply them resulting in a shortage.

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Sally opened her own business and resigned from a job paying $25,000 per year. Her savings acccount pays 8% interest, but she wi
DiKsa [7]

Answer:

A) They would be indifferent, as Sally's income net of costs equals $25,000.

Explanation:

Sally's economic profit = accounting profit - opportunity costs

  • accounting profit = $12,000
  • opportunity costs = $25,000 - $15,000 in lost salaries + $2,000 (lost investment revenue) = $12,000

economic profit = $12,000 - $12,000 = $0

Since the economic profit is $0, Sally should be indifferent between running her own business or working for someone else.

7 0
2 years ago
Kameron, Candice and Leo were members of an LLC, Printing Unlimited, LLC (PU). They leased a digital printing press for their co
dybincka [34]

The requirement of Kameron, Candice, and Leo should be for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.

The information related to the pledged asset is as follows:

  • A pledged asset is a valuable possession that could be transferred to the lender in order to secure the debt or a loan.
  • The pledged asset should be considered as collateral that could be held by a lender and in return, it is for lending the funds.
  • Also, it can decrease the down payment that should be needed for the loan along with this if there is any change in the interest rate so the same should be decreased.

Therefore we can conclude that, the requirement done by these three people is needed for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.

Learn more about the LLC here: brainly.com/question/1214636

8 0
3 years ago
Devon, an accounts manager at a large electronics firm, does not have any direct international responsibilities; however, Devon
Nonamiya [84]

Answer:

Develop International management skills

Resolve commercial challenges. ...

Explanation:

Devon would most likely benefit from studying international business issues because it will help him:

1. Develop Management Skills: Devon might grow to a management position in an international company without having the required skills and knowledge on how to manage a multi-cultural business environment.

2. Resolve Commercial Challenges: Although Devon does not have international responsibilities, he might be appointed into a team or would be much more valued in the company if he proffers solution to commercial challenges. The ability to do so will be gained with a study in international business.

5 0
3 years ago
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales $4,00
Ierofanga [76]

Answer:

See explanation section

Explanation:

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8 0
3 years ago
What kind of psychologist would someone who is dealing with the loss of a loved one most likely visit?
aliina [53]

Answer:

Counseling psychologist

Explanation:

I just took the test! Good luck :)

8 0
3 years ago
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