Answer:
$300
Explanation:
Given:
Society A
Society B
Society A will pay $140 per unit
Society B will pay $160 per unit
Commonly pay $140 for two units produced.
Computation:
Society will pay total amount for the public goods = $160 + $140
Society will pay the total amount for the public goods = $300
Therefore, $300 Is the total amount paid by society.
Answer:
b. marginal cost curve above the average variable cost curve.
Explanation:
A perfect competitive indsutry is a characterised by many firms selling homogenous goods and services. Firms are price takers and there are no barriers to entry or exit of firms in the industry.
The supply curve of a perfectly competitive firm in the short run is the part of the marginal cost curve that lies above the average variable cost curve.
A perfect competition maximises profit where price equals marginal cost.
I hope my answer helps you
The correct answer is <span>B. Demand for more pairs of jeans results in an increase in both price and quantity supplied.
You can see that demand is increasing since d2 is on the right of d1. You can also see that prices increase since p2 is greater than p1. You can also see that quantity supplied also increases since q2 is on the right of q1.</span>
<h2>Maximum loss limited to their capital investment</h2>
Explanation:
- As an investor there is a possibility of both profit and loss. If it is sole proprietorship, the profit or loss will be put on the his / her shoulder.
- In case of limited partner, the advantage is that if there is a loss occurred it will" limit to their capital investment".
- He/she enjoys "protected investments"
- There will not be any huge loss since the capital invested is limited.
- "A company can have more than one limited partner"
Answer:
True
Explanation:
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