Because all people ( the public ) can fully enjoy this good/service without competing for it.
Answer:
3. Correctly ignored a sunk cost
Explanation:
Sunk costs refer to those costs which have been incurred in the past and which can no longer be recovered. For example, past expenditure on research and development with no current or future benefits represent sunk costs which can no longer be recovered.
Sunk costs are irrelevant for decision making process as they do not relate to current projects and yield no economic benefit.
In the given case, Manuel had already purchased a $10 movie ticket, which can neither be transferred nor eligible for a refund. Later when he does not exercise the option of going for the movie and opts for a concert instead, the amount of 10$ spent on the movie represents a sunk cost which is non recoverable.
Answer:
The amount of loss should Jacob Inc. record on December 31, 2019 is $38,000
Explanation:
Truck Value = $48,000
Annual depreciation = ( $48,000 - $8,000) / 8 = $40,000 / 8= $5,000
First year (2018) = $40,000 - $5,000 = $35,000
Second year (2019) = $35,000 - $5,000 = $30,000
Loss = Truck Value (actual) + estimated residual value= $30,000 + $8,000 = $38,000
Answer:
establish a more equitable result based on normative judgements. In the market for personal computers and in the stock market: 1) supply and demand shifts change prices and quantities.
<span>information, research, and management
This an approach to portray a learning based part of the economy, which normally incorporates administrations, for example, data innovation, data age and - sharing, media, and innovative work, and also information based administrations like discussion, training, money related arranging, blogging, and planning.
The quaternary segment depends on learning and ability. It comprises of scholarly ventures giving data administrations, for example, figuring and ICT , consultancy and R&D . As per a few definitions, the quaternary area incorporates other unadulterated administrations, for example, media outlets, and the term has been used to depict media, culture, and government.</span>
