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Ilia_Sergeevich [38]
2 years ago
8

on holiday weekends thousands of people picnic in state parks. some picnic areas become so overcrowded the benefit or value of p

icnicking diminishes to zero. suppose that the minnesota state park service institutes a variable fee structure. on weekdays when the picnic areas get little use, the fee is zero. on normal weekends, the fee is $8 per person. on holiday weekends, the fee is $14 per person. the fee system corrects a problem known as the a. tragedy of the commons. b. free rider problem. c. public goods problem. d. coase theorem.
Business
2 answers:
tekilochka [14]2 years ago
8 0

Answer:

a. tragedy of the commons

Explanation:

Based on the scenario being described within the question it can be said that the fee system corrects a problem known as the tragedy of the commons. This term describes a specific situation in a shared-resource system in which individuals go against the common good by depleting the shared resources through their collective actions in order to benefit their own self-interests.

postnew [5]2 years ago
6 0

Answer:

a. tragedy of the commons

Explanation:

The tragedy of the commons is a situation whereby shared resource system where individual users, who are acting by not depending on others according to their own personal gains , behave differently for the good of users by sharing or depleting the resources shared through coming together and doing what is right. We can see how the Minnesota state park service institutes a variable fee structure from when the park is use not much and when it is also overcrowded.

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Kodera Technology is considering introducing a new product, which will require buying new equipment for a monthly payment of $5,
valina [46]

Answer:

417 units

Explanation:

The formula to compute the break-even point in units is shown below:

= (Fixed expenses ) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

So, the break-even point in units is

= ($5,000) ÷ ($20 - $8)

= $5,000 ÷ $12

= 417 units

So, the 417 units is to be sold for break-even

6 0
3 years ago
A company has a net sales of 847000 and cost of goods sold of 561500. Its net income is 101200. The company's gross margin and o
SVETLANKA909090 [29]

Answer:

Gross profit margin =  33.7%

Operating expenses = $184,300

Explanation:

The gross margin is the percentage of sales value is earned as gross profit.

Gross profit   =  Sales - cost of goods sold

                           =847,000 -561,500 =$285,500

<em>Gross profit margin = (Sales - cost of goods sold)/sales ×  100</em>

                                =  (847,000 -561,500/847,000)  ×  100

                                 =  33.7%

<em>Operating expenses represent the amount of indirect cost expenditures which cannot be traced to the cost of the goods sold . This include administrative expenses like rent, insurance e.t.c</em>

<em>Operating expense = Gross profit - Net income</em>

                                = (847,000 -561,500)   -  101,200

                                = 184,300

5 0
3 years ago
When does a business make a profit?<br> A business makes a profit when its exceed its .
Rasek [7]

Answer:

when sales revenue exceed costs

Explanation:

8 0
2 years ago
Suppose you are the manager of a local water company, and you are instructed to get consumers to reduce their water consumption
Veronika [31]

The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.

<h3>What is meant by the price of elasticity of demand?</h3>

The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.

Given values:

Change in water consumption (fall): 10%

Price elasticity of demand: 25%

Computation of percentage change in the price of water:

\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{\rm\ Change \rm\ in \rm\ water \rm\ consumption}{\rm\ Price \rm\ elasticity \rm\ of \rm\ demand} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{10\%}{25\%} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=40\%

Therefore, there is an increase in water price by 40%.

Learn more about the price elasticity of demand here:

brainly.com/question/15010897

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6 0
1 year ago
Identifying and appraising a company’s resource strengths and weaknesses and its external opportunities and threats is called: S
iren2701 [21]

Answer:

The correct answer is b. SWOT analysis.

Explanation:

SWOT analysis is a self-examination to determine the real strengths and weaknesses in order to establish the correct way to direct the operations of a company for the benefit of all. It is a way of visualizing the internal and external factors that affect business management, in order to propose solutions that allow an improvement in operations over time.

4 0
3 years ago
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