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aleksklad [387]
3 years ago
15

Your consulting firm has been hired by the State of California to help them decide on funding for the Univer- sity of California

. Your analysis is based on the following premise: higher education has important spillover benefits for the state. When the workforce is more educated, then it is more likely that collaborations between workers with higher education will collaborate together and lead to new business and technology innovations. Education, therefore, leads to more new businesses, higher paying jobs, and increased economic growth for the state. Background. Before addressing the issue of higher education spending, you need to first explain the concept of an ezternality. You will explain an externality using the example of a surfboard factory located near the Pacific Ocean that dumps its pollution in the ocean, where ocean currents then take it downstream and harm fisheries. a. Explain how pollution is an externality. b. Using a graph, show that there is an over-production of surfboards; that is, without government intervention the private market will produce more surfboards than the socially efficient quantity

Business
1 answer:
Alla [95]3 years ago
3 0

Answer:

a) loss caused to fisheries by pollution is an externality. B) Graph is attached

Explanation:

a) Externality is the cost benefit or loss to a 3rd party due to any activity that is not under its control. An exampe is pollution. In this scenario, losses to fisheries resulting from pollution by surf factory is an externality over. The pollution created by surfboard factory is not under the control of fisheries.

b) Graph is attached. As the production increases, Marginal Private Cost increases and Marginal Social Benefit decreses. Beyond Q2, Government intervention is requried

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A producer has indicated to a potential client that the proposed life insurance policy is covered by the Massachusetts Life and
Ksivusya [100]

There are lot of people involved in production. The action taken by the producer is prohibited by law.

<h3>Which  actions is considered to be an unfair trade practice?</h3>

Unfair business practices are said to be any kind of misrepresentation, untrue advertising or depiction of a good or service,  noncompliance with the terms of manufacturing standards, etc.

The action of the producer is prohibited because it is not the right thing to do and also not backed up by law.

Learn more about Producers from

brainly.com/question/8806324

5 0
2 years ago
When there few close substitutes available for a​ good, demand tends to be
e-lub [12.9K]
B. relatively inelastic
8 0
3 years ago
Marginal​ cost-benefit analysis and the goal of the firm   Ken​ Allen, capital budgeting analyst for Bally​Gears, In
mafiozo [28]

Answer:

a.The marginal (added) benefits of the proposed new robotics.

  • $195,000

b. The marginal (added) cost of the proposed new robotics.

  • -$227,200

c. The net benefit of the proposed new robotics.

  • loss =  -$32,200

d. What should Ken recommend that the company do? Why?

  • Based only on this analysis, the company should keep the old robotics. The new robotics are too expensive and do not generate enough benefits.

e. What factors besides the costs and benefits should be considered before the final decision is made?

  • increases in efficiency and reductions in manufacturing time.

Explanation:

Marginal cost benefit analysis refers to analyzing the additional benefits of a new project or activity compared to the benefits generated by an alternative project or activity.

In this case, both alternative should be evaluated as follows:

                                alternative 1           alternative 2        marginal

                                keep robotics        change robotics  benefits

revenue (in              $446,000              $568,000             $122,000

today's $)  

required invest.                   $0             -$227,200           -$227,200

old robotics                         $0                $73,000               $73,000

<u>sales value                                                                                           </u>

marginal benefits / losses                                                  -$32,200

6 0
3 years ago
Mary spends $5 on food for her cat. This is an example of a: a. household buying goods and services in the factor market. b. hou
german

Answer:

household buying goods and services in the product market

Explanation:

The product market is where final goods and services are sold to households and firms.

The factor market is where factors of production are exchanged.

Mary is buying food for her cat. There are no indications that Mary is a business and that the food is a factor of production. Therefore, Mary is an household and she's purchasing from the product market.

I hope my answer helps you

8 0
3 years ago
You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. You could earn 5.5% on your money in o
artcher [175]

Answer:

$6,744.83

Explanation:

We calcualte the present value of a three years annuity discounted at 5.5% considering their cashflow are 2,500

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 2,500.00

time 3

rate 0.055

2500 \times \frac{1-(1+0.055)^{-3} }{0.055} = PV\\

PV $6,744.8334

3 0
3 years ago
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