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3 years ago

Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.

1 answer:

7 0

True. Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.

As long as the arena is outside, people can sit in their cars or on a chair outside and hear the show without paying for admission to get inside. Because they are unable to prevent everyone from hearing it, it is non-exludable. Likewise, if the concert was held inside, it would be excludable because those who aren't paying can not see/hear the show.

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What is the basic purpose of the consumer price index (CPI)? A. to track monthly changes in prices paid by urban consumers B. to

Elina [12.6K]

Answer:

A). to track monthly changes in prices paid by urban consumers.

Explanation:

CPI(Consumer Price Index) is characterized as 'a statistical estimate of the price level of goods and services bought by consumers for consumption purposes by the households.' It primarily aims to estimate the change or swap in the prices of the weighted average price of the common basket(consumption goods, as well as, services that the consumers pay for). It is calculated using the formula;

$CPI_{t} = \frac{C_{t} }{C_{0} } * 100$

where,

$CPI_{t}$ = current Consumer Price Index

$C_{t}$ = Current price basket

$C_{0}$ = Cost of price basket in the base year

It assists in deducing whether the average prices have received a fall or rise and determines inflation or deflation. Thus, <u>option A</u> is the correct answer.

6 0

3 years ago

A project will produce an operating cash flow of $56,200 a year for 5 years. The initial fixed asset investment in the project w

Lelu [443]

Answer :

Net present value = -$18,375

Explanation :

As per the data given in the question,

Initial investment = $239,800

The project will generate operating cash flow pf $56,200 for 5 years

So present value of operating cash flow :

PMT = $56,200

N = 5 years

Rate = 15.2%

FV = $0

Now applying the formula

= -PV(RATE,NPER,PMT,FV,0)

The present value comes $187,502

Now

FV = $67,000

n = 5 years

Rate = 15.2%

PMT = $0

Now applying the formula

= -PV(RATE,NPER,PMT,FV,0)

The present value comes $33,023

Now the Net present value is

= ($33,023 + $187,502) - $238,900

= -$18,375

5 0

3 years ago

Kim has just learned that Caribou Coffee is looking for a new source of commercial-grade coffee makers, one of the products she

timurjin [86]

Answer:

Modified Rebuy

Explanation:

Modified Rebuy is the situation or circumstance of buying in which the organization or an individual purchase the goods that have been purchased or bought prior but changes either some other elements or supplier of the previous or prior order.

In this situation. the buyer wants the modification product specifications, suppliers, terms and prices.

So, in this case, Caribou is looking for the new supplier for the product it has bought in the past, which makes the situation of modified rebuy.

7 0

3 years ago

30 POINTS :D

Ray Of Light [21]

I’d probably ignore them.. it is kinda creepy,

4 0

3 years ago

Read 2 more answers

Which of the following is true? A free rider contributes to teamwork but does not receive pay Mitigating the agency problem requ

nydimaria [60]

Answer: None of the above

Explanation:

The free rider problem is a form of market failure that takes place when those who benefit from public goods like public hospitals or roads, or communal services either under pay or do not pay for them. Free rider is a problem because such people may continue enjoying the service despite not paying for the good. This can lead to the underproduction, degradation or over used.

Horizon problems occurs when people favour short run benefits at the expense of longer benefits. Here, members claim on the benefits of an investment is not up to the required length of time for the benefits to be generated leading to horizon mismatch.

Agency cost is when the principal hires or chooses an agent o act on his behalf. It is an internal expense that arises from the actions of an agent who is acting on behalf of a principal. It arises due to dissatisfactions, inefficiencies and disruptions between shareholders and management.

7 0

4 years ago