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LenaWriter [7]
4 years ago
9

Examples of transaction costs include ​(check all that​ apply): A. the cost of the externality. B. the cost of monitoring an agr

eement. C. the cost of drafting a contract or agreement. D. the difference between the private costs and social costs of production. E. the time required to negotiate an agreement. When are we likely to see private solutions to the problem of​ externalities?
Business
1 answer:
Paha777 [63]4 years ago
3 0

Answer:

The correct answer is option B, C, and E.

Explanation:

Transaction cost refers to the cost incurred on resources and time necessary for facilitating exchange of goods and services.

Among the given options, the examples of transaction cost is cost of monitoring an agreement, the cost of drafting a contract or agreement, and the time required to negotiate an agreement.

All these costs are incurred in order to facilitate exchange of goods and services.

The problem of externalities can have efficient private solution if these transaction costs are low otherwise the governement has to intervene to efficiently allocate resources.

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Umnica [9.8K]

Answer: D

Explanation:

If you multiply 50×1.50 to get the American value of the pen in Europe it is 75 dollars US, so its cheaper in the US.

6 0
3 years ago
By encouraging employees to experiment with new innovations that are of interest to them, bezos is supporting which of scott ber
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3 years ago
Suppose that in some state the civilian, non-institutionalized adult population is 4 million, the labor force participation rate
shepuryov [24]

Answer:

8.33%

Explanation:

The computation of the unemployment rate is shown below;

Before computing it, first we have to determine the labor force which is

As we know that

Labor force participation rate = Labor force ÷ Total non-institutionalized adult population

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= 3,000,000

Now unemployment rate is

= Unemployed people ÷ Labor force

= 250,000 ÷ 3,000,000

= 8.33%

4 0
3 years ago
You are coaching an employee and determining on which challenge they can work. Which aspect of a
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4 0
2 years ago
Your rich aunt has promised to give you $5,000 per year at the end of each of the next four years to help you pay for college. U
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<h2> ☞ANSWER☜ </h2>

<u> </u><u> </u><u> </u><u> </u><u> </u><u>7% of 5000 = 350</u>

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6 0
3 years ago
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