Which of the following will decrease the aggregate quantity of output supplied?

Loggers are much likely to supply wood to the market if property rights are enforced. In the presence of market failures, public

alekssr [168]

Answer:

much more likely;

There is only one car dealership in a small town, giving the dealership the ability to influence the price of cars. - Market power

A person smoking in a restaurant emits second-hand smoke that harms other restaurant patrons. - Externality

Explanation:

Property rights are an incentive for individuals to create goods that are needed on the market. In other words, when a discrepancy between demand and supply occurs on a specific market, entities, businesses or individuals that create the goods are motivated to meet market needs through enforced property rights.

On the other hand, when there is a lack of property rights that regulate the market, market failures occur. Two common types of market failures include market power and externalities.

The car dealership example shows market power in practice, as the reigning company can dictate car prices.

The second example shows an externality, as there is evident influence (cost or benefit) on the third party, which they cannot change. People are affected (negatively) by smoke they did not create.

5 0

3 years ago

The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of compu

salantis [7]

Answer:

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7 0

2 years ago

Read 2 more answers

The ________ takes into account such costs as deteriorated customer relations and lost sales

Sergio039 [100]

The Full cost view of maintenance takes into account such costs as deteriorated customer relations and lost sales.

a cost that an employer has when they employ someone, in addition to the cost of paying the person's salary or wages. cost is the amount or equivalent paid or charged for something .

Examples of costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.

Direct, indirect, fixed, and variable are the 4 main kinds of cost.

learn more about cost here

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7 0

1 year ago

During January, Luxury Cruise Lines incurs employee salaries of $1.2 million. Withholdings in January are $91,800 for the employ

Zarrin [17]

Answer: Please see below for answer

Explanation:

Journal for employee salary and withholdings

Particulars Debit Credit

Salaries Expense $1, 200,000

FICA tax Payable $91,800

Federal Income Tax Withholding Payable $180,000

State Income Tax Withholding Payable $75,000

Health Insurance Payable $12,000

Salaries Payable $841,200

Journal to record employer provided fringe benefits for January

Particulars Debit Credit

Salaries expense(fringe benefits)$ 36,000

Accounts payable to blue cross shield $36,000

Journal to record employer payroll taxes

Particulars Debit Credit

Payroll Tax Expense $166, 200

FICA tax Payable $91,800

unemployment tax payable $74,400

6 0

3 years ago

The recent global boom in the market price for scrap steel and aluminum leads to a sudden rise in the theft of everyday metal ob

Kipish [7]

Answer:

C

Explanation:

The recent global boom in the market price for scrap steel and aluminum has led to a sudden rise in the theft of everyday metal objects like manhole covers, guard rails, and empty beer kegs.

8 0

3 years ago