Standard Oil
This was an American oil company that was into everything oil from refining to even the transportation, It was set up in 1870 by John D. Rockefeller as an organisation in the state of Ohio, it was the biggest oil refinery both home and abroad as at that time.
When a negative externality exists, the marginal social cost is always higher than the marginal private cost. So, the correct answer is option A the private marginal costs are less than social marginal costs.
<h3><u>What is a negative externality?</u></h3>
When the manufacturing process has a negative impact on unconnected third parties, this is referred to as a negative production externality. For instance, manufacturing facilities contribute to noise and air pollution throughout the production process.
<h3><u>What happens when a negative externality exists?</u></h3>
The marginal social cost and the marginal private cost are no longer equal when a market has negative production externalities. As a result, the supply curve (which indicates the marginal private cost) does not accurately reflect the marginal societal cost and the social cost is instead larger due to the externality's per-unit cost.
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Answer:
$2080
Explanation:
Given: Cost of generator= $11000.
Residual value= $1000.
Estimated life of generator= 5000 hours.
Actual activity performed during the period= 1040 hours.
Now, finding the depreciation expense for the first year using the units-of-activity method.
Formula; 
⇒ Depreciation expense= 
Opening parenthesis
⇒ Depreciation expense= 
⇒ Depreciation expense= 
Hence, the depreciation expense for the first year using the units-of-activity method of depreciation is $2080.
The statement " agree to share the research and work together on creating the presentation. " is the "Develop an agreement" step of conflict resolution.
This is further explained below.
<h3>What is conflict resolution?</h3>
Generally, The process of finding a mutually agreeable and peaceful conclusion to a problem involving two or more people is referred to as conflict resolution.
There might be a variety of reasons for the dispute, including personal, economical, political, or emotional factors.
When a disagreement emerges, the most effective strategy for resolving the conflict is often to engage in some kind of negotiation.
The tactics and procedures that are engaged in ensuring the peaceful termination of conflict and punishment are referred to collectively as "conflict resolution."
In conclusion, The steps of conflict resolution are
- Determine where the issue is coming from.
- What precisely is the problem at hand?
- Consider the situation from a broader perspective and look for additional obstacles.
- Create a shared vision for the future.
- Investigate the many means through which their objective might be attained.
- Develop an agreement.
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