Answer:
The correct answer is letter "C": maximize the joint welfare, irrespective of the right of ownership.
Explanation:
Named after British economist Ronald Coase (1910-2013) the Coase Theorem is a legal and economic theory which states that, when there are competitive markets and no transaction costs, <em>bargaining will result in an effective and mutually beneficial outcome irrespective of how property rights are distributed</em>.
Answer:
The correct answer is City-County Consolidation.
Explanation:
To deal with the recession and reduce costs, several municipalities in the United States join their services, departments and, in some cases, even complete mergers.
According to the US local government, a consolidated city-county, metropolitan municipality or regional municipality is a city and county that have combined to form a jurisdiction.
A metropolitan municipality is a consolidated city-county or a metropolitan government, or both. If the jurisdictional area of the consolidated city-county is a mixture of an urban or suburban or rural area, the term "regional municipality" may also be used.
Answer:
$3,400
Explanation:
Out of five day workweek, accounting period ends on Thursday which indicates that employees work only for 4 days. Therefore, salaries are earned only for 4 working days and unpaid at the end of the accounting period
Salaries earned but unpaid= 4 working days * $850 per day = $3,400
Hence, salaries earned but unpaid at the end of the account period is $3,400
Answer: market economy’s do not have government interference in businesses
Explanation:
Answer:
The correct answer is:
Equilibrium price will decrease; the effect on quantity is ambiguous. (D)
Explanation:
First, note that if the price of coffee beans, used in the manufacture of coffee decreases, the price of coffee sold to consumers will decrease, because it takes a lesser amount in manufacturing than it used to, therefore this reduction in manufacturing costs is reflected in the selling price.
Next, it is hard to tell whether this reduction in equilibrium price will affect quantity demanded, because, at the same time, the price of cream ( a complementary good) increases, and since both goods are complementary, they are bought together, and the effect of the reduction in the price of coffee might not necessarily caused an increase in the quantity demanded because this effect is cancelled out by the increase in the price of cream, hence the effect on quantity is ambiguous.
