It is advisable to purchase life insurance from an insurance company that has been in business for at least ____

If the production of a good created both external costs and external benefits, but the external costs were greater, without gove

hichkok12 [17]

If the production of a good created both external costs and external benefits, but the external costs were greater, without government intervention, a market economy will not produce the product at all.

In the production and consumption of goods and services, there exist costs that are passed on to a third party. The general public, who is ultimately responsible for paying for them, is in fact subsidizing goods and services with external costs.

External costs are still necessary to be paid for even when they are not included in the product's price. It is ultimately the responsibility of society as a whole to pay for external costs through taxes, accident compensation, medical expenditures, insurance premiums, deterioration in environmental quality, and losses in natural capital.

Usually, the price of goods and services includes External costs, which results in a higher overall cost. Because consumers frequently select the lowest options, clean, sustainable products have a pricing disadvantage.

Learn more about External costs here

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3 0

2 years ago

A plant asset cost $160000 and is estimated to have a $16000 salvage value at the end of its 4-year useful life. The annual depr

vladimir1956 [14]

Answer:

$20,000

Explanation:

For computing the depreciation expense, first we have to determine the first and second year depreciation which are shown below:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 25%

Now the rate is double So, 50%

In year 1, the original cost is $160,000, so the depreciation is $80,000 after applying the 50% depreciation rate

And, in year 2, the $80,000 × 50% = $40,000

The 80,000 is come from = $160,000 - $80,000

And, in year 3, the $40,000 × 50% = $20,000

The 40,000 is come from = $80,000 - $40,000

8 0

4 years ago

Historically, a factory has been able to produce a very specialized nano-technology component with 35% reliability, i.e., 35% of

pochemuha

Answer:

Yes

Explanation:

From the given output

The Probability of getting 13 or more passed

when the reliability = 0.35. can be calculated as follows

=0.0258+0.0109+0.0039+.0012+0.0004 = 0.0422 ≈ 4.2%

Since the probability is less than the 5% level we will therefore reject the Null hypothesis

answer : YES

5 0

3 years ago

The outdoor clothing company Patagonia, Inc. pledges one percent of the company's annual revenue to environmental causes around

Rufina [12.5K]

Obligation is a condition of being linked in a relationship. We are all obligated to maintain the earth so it will sustain us because we all live on it

3 0

3 years ago

As owner of a retail franchise food store, Mary Grey purchases supplies based on specials advertised nationally throughout the f

drek231 [11]

Answer:

a. sharing information across the organization

Explanation:

A franchise is an organisation that is authorised to use the brand of another to conduct business. The parent company provides support such as information about the brand and their business activity, and training to the franchise.

In the given scenario Mary Grey was surprised to find customers asking for specials she hadn't been informed of in advance.

This is a failure in the function of sharing information across the organisation.

Ideally information.on products and various campaigns should be first communicated to the franchises before they get to the customer

4 0

3 years ago

It is advisable to purchase life insurance from an insurance company that has been in business for at least _____ years.