In economics an externality is the cost or benefit that affects someone who did not choose this. It is the true cost of a product that can be both positive or negative. Pollution can be an example of this. An educated labor force producing more is a positive example of this. The government rewards positive externality and punishes negative externality. Rewards can be surpluses and taxes can be punishments.
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The maximum amount that Michel can borrow is 70,000 dollars.
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Is known as multiple- unit pricing.
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D. Manufacturer to wholesaler to consumer
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I had the same quiz question and I chose that one. May not be correct though
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a collection of screen names, like on your phone where you keep all your friends' phone number