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ohaa [14]
3 years ago
6

Is the establishment of the 200-mile limit a sufficient form of government intervention to ensure that the "tragedy of the commo

ns" does not occur for fisheries within the 200-mile limit? why or why not?
Business
1 answer:
bixtya [17]3 years ago
4 0

The 200 mile limit only applies to fishermen from forgein lands. The limits don't apply to native fishermen so the tradgedy of the commons could still occur.

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If the consumption function is defined as C = 5,500 + 0.9Y, what is the
Nimfa-mama [501]

Answer:

Option B ($5,500) is the appropriate choice.

Explanation:

The given expression is:

⇒  C = 5,500 + 0.9Y

At the zero (0) level of income, the consumption would be the Autonomous consumption.

then,

Y = 0

On substituting the value of "Y" in the given expression, we get

⇒  C=5,500+0.9(0)

⇒      =5,500+0

⇒      =5,500 (%)

8 0
3 years ago
The substitution effect of an increase in the price of Raisin Bran refers to Select one: a. the decrease in the demand for Raisi
EleoNora [17]

Answer:

the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.

Explanation:

the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.

If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.

The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.

5 0
2 years ago
Which of the following conditions ensures that excess profits cannot persist in a perfectly competitive market over the long run
konstantin123 [22]

Answer:

Ease of entry into the market

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services.

In the long run, perfect competition make zero economic profit because if firms are making economic profits in the short run , new firms would enter into the industry in the long run. This is made possible because of the ease of entry into the market.

I hope my answer helps you

3 0
3 years ago
Aleutian Company produces two products: Rings and Dings. They are manufactured in two departments: Fabrication and Assembly. Dat
Wittaler [7]

Answer:

Estimated manufacturing overhead rate= $3 per machine hour

Explanation:

Giving the following information:

Machine Hours Per Unit:

Rings= 6 (1,000 units)

Dings= 11 (2,040 units)

All of the machine hours take place in the Fabrication Department, which has an estimated total factory overhead of $85,200.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 85,200/(6,000 + 11*2,040)= $3 per machine hour

6 0
3 years ago
âas an individual consumes more of a given good or service, the marginal utility of that good to the consumer likely:
Ilya [14]
Answer:  " DECREASES" .___________________________________
4 0
3 years ago
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