1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
snow_tiger [21]
3 years ago
11

Seymour owns 3 acres of beautiful waterfront property on a large inland lake. In his will, Seymour donates the land to the state

with the understanding that the land will be used as a state beach. Seymour wants an efficient way to prevent overcrowding at the beach, so he should require
a) that all beach visitors pay the same entry fee regardless of the day of the week or time of the year.
b) that the beach limit the number of visitors to 500 per day, without an entry fee.
c) an entry fee be charged on summer weekend days when many people tend to visit the beach.
d) that only local residents be admitted to the beach
Business
1 answer:
Kruka [31]3 years ago
6 0

Answer:

c) an entry fee be charged on summer weekend days when many people tend to visit the beach.

Explanation:

Since Seymour's goal is to prevent overcrowding, then it is wise to require payment of an entry fee, on certain days when a lot of people tend visit the beach more. On other days when not so many people visit the beach, then there can be free entry for all who do.

This would be an efficient way to make sure the beach is not overcrowded.

You might be interested in
In unregulated monopoly: a consumers are confronted with a price that is lower than marginal cost. b consumers are confronted wi
dsp73

Answer:

c. because P > MC, a basic condition for efficiency is violated.

Explanation:

An unregulated monopoly is a market in which monopoly holders have control over goods and services, giving them the ability to do whatever they like. Under unregulated monopoly, having a free market is impossible as price gouging is always evident.

In unregulated monopoly a basic condition for efficiency is violated because price is greater than marginal cost (P > MC).

Where P is the price and MC is the marginal cost of goods.

3 0
3 years ago
The markets for prostitution in Nevada and New Jersey have two important differences: 1) prostitutes in New Jersey face higher c
natima [27]

Answer:

Given these facts, which state would you expect the price of prostitution services to be higher? Why?

  • Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.

Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?

  • Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.

7 0
3 years ago
Caroline's manager notices that she exhibits an internal locus of control when she speaks about her work. her manager should ___
Ymorist [56]
Her manager should provide incentives such as merit pay or sales <span>commissions.
Internal locus of control means that Caroline believes that her actions directly affect the consequences of those actions, which is why providing her with such incentives would have a great impact on Caroline and her work, and she would be even more productive.
</span>
4 0
3 years ago
Manning Company issued 10,000 shares of its $5 par value common stock having a fair value of $25 per share and 15,000 shares of
Setler79 [48]

Answer:

$240,909

Explanation:

Given:

Number of common stocks issued = 10,000

Value of common stock = $5

Fair value per share = $25

Number of shares of $15 par value = 15,000

preferred stock having a fair value of $20 per share = $530,000

Total market value of the stocks = 10,000 × $25 + 15,000 × 20 =  $550,000

Now,

The proceeds that would be allocated to the common stock will be

= \frac{\textup{Total fair value of common stocks}}{\textup{Total maket value of the stocks}}\times\textup{Preffered value of total stocks}

= \frac{10,000\times25}{550,000}\times530,000

= $240,909

4 0
3 years ago
Which of the following is NOT a basic assumption of perfect​ competition? A. Production is characterized by significant economie
Alex17521 [72]

Answer: Production is characterized by significant economies of scale is not an assumption of perfect competition (A)

Explanation:

A perfect competition is a form of market structure that has many buyers and may sellers. In a perfect competition, there is a free entry and exit for producers as there is no barrier.

Also, firms are price takers as no producer can influence the price of the goods in the market unlike in an imperfect competition which is a price maker as producers can influence price. Firms also sell identical products that are the same in quality, size etc.

In a perfect competition, production is not characterized by significant economies of scale. That is an assumption that can be found in monopoly.

Therefore, option A is the right answer.

7 0
3 years ago
Other questions:
  • Which tasks are common to all Energy pathways?
    5·1 answer
  • Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
    15·1 answer
  • "Commonwealth Construction (CC) needs $2 million of assets to get started, and it expects to have a basic earning power ratio of
    9·1 answer
  • how does money solve the problem of double coincidence of wants? explain with an example of your own.​
    10·1 answer
  • During World War II, the price of rubber went up considerably. The rise in price stimulated research for alternatives. For examp
    15·1 answer
  • Business activity monitoring called
    10·1 answer
  • Franco, an employee at fundz corp., arrives late at the office on a monday morning due to a personal emergency. his manager fire
    6·2 answers
  • The approach to estimating project time and cost that begins with an overall estimate for the project and then refines estimates
    7·1 answer
  • The Category Profile that involves evaluating the major forces and trends that are impacting an industry: including pricing, com
    12·1 answer
  • Elijah, who is single, is employed as a full-time high school teacher. The school district where he works recently instituted a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!