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2 years ago

Common resources differ from public goods in that:

Business

2 answers:

Svetradugi [14.3K]2 years ago

8 0

Answer:

The answer is option

D) unlike public goods, common resources are rival in consumption.

Explanation:

Common Pool Resources are by definition non excludable and rival. Thus, if a good is both non excludable and rival it is a Common Pool Resource or a Common Good, but not a Public Good Common resources are rival in consumption but not excludable.

However, Public Goods can be excludable or rival to varying degrees. Some goods that cause positive or negative externalities are public goods

Public Good and Common Resource are both non-excludable. The main difference is their rivalry property.

Public Goods can be consumed without reducing availability for others, while consuming Common Resources will decrease the available resources for others.

Public Good has free-riders problem (lack of contributions) while Common Goods has "tragedy of the commons problem" (overuse).

victus00 [196]2 years ago

3 0

Answer: Option D

Explanation:

Public goods are neither rival in consumption nor excludable.

Common resources are rival in consumption but not excludable

A product is considered to be rivalrous if your consumption of the product reduces the quantity available for others to consume.

An example of a product that is nonexcludable and rivalrous is flu vaccinations.

Water is an example of a common pool resource.

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Dominik [7]

Answer:

b,d,e

Explanation:

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3 years ago

Read 2 more answers

The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts recei

Tom [10]

Answer:

a. Inventory Turnover:

= Cost of goods sold / Average inventory for the year

= 642,400 / 210,000

= 3.06

b. Number of days' sales in inventory

= Ending inventory / (COGS / 365)

= 156,409 / (642,400 / 365)

= 88.9 days

c. Accounts receivable turnover

= Net sales / Average Accounts Receivable

= 1,022,000 / 43,000

= 23.77 times

d. Number of days sales in accounts receivable

= Accounts Receivable at year end / (Net sales / 365)

= 22,400 / (1,022,000 / 365)

= 8 days

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3 years ago

An issuer decides to call in an outstanding bond issue under the terms detailed in the bond resolution because interest rates ha

tino4ka555 [31]

Answer:

An optional Call

Explanation:

Callable Bond

Callable bond represents an instrument of debt where the issuer issues the instrument reserving the right to make a return of the principal of investors including the stoppage of interest payments before the date of maturity of the bond.

Organisations would usually issue bonds as callable when either to meet unexpected obligations like pay off other debts, fund expansions or when they sense that opportunities may arise in the future for them to get other forms of financing at lower interest rates.

For bonds to be callable the terms must be clearly stated in the bond's offering.

Optional Call

In optional call, the issuer reserves the right to call the bonds to take advantage of present circumstances such as significant drop in interest rates (as stated in the question). However, the terms detailed in the bond resolution will allow the bondholders to receive a premium to par as compensation for their loss of interest payments on the called bond.

Furthermore, a period of time must usually pass before the issuer can use the optional call.

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3 years ago

Money stock Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check

yulyashka [42]

Answer:

For Kenji he falls on the category M2, for Lucia it's M2, and for Eric belongs to the category of both M1 and M2 respectively.

Explanation:

M1 money supply comprises of currency in physical form and coin, the demand deposit( check-able) travelers check

M2 money supply comprises of Certificate deposit and M1, savings, money market funds, and time deposits for example, M2 money supply comprises money. that is less liquid/

Kenji has $25000 in a money market account - it belongs to the category of M2 money supply.

Lucia has $8000 in a two year CD, it belongs to the category - M2 which is money supply

Eric withdrew money from the bank to do laundry. The money he took will go to cash that is available or in the economy at that time or the physical currency. these category belongs in M1. As M2 money supply contains M1 therefore this example also belongs in M2.

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3 years ago

On the basis of this information, what were total maintenance costs when the company experienced 23,000 machine hours of activit

spayn [35]

Answer:

Results are below.

Explanation:

First, we need to calculate the total cost for each activity level:

High activity level= 27,000*27.3= $737,100

Low activity level= 23,000*34.3= $788,900

Now, using the high-low method, we can determine the variable and fixed costs:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (788,900 - 737,100) / (27,000 - 23,000)

Variable cost per unit= $12.95 per machine-hour

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 788,900 - (12.95*27,000)

Fixed costs= $439,250

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 737,100 - (12.95*23,000)

Fixed costs= $439,250

Finally, for 25,000 hours:

Total cost= 439,250 + 12.95*2,5000

Total cost= $763,000

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3 years ago