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Ilia_Sergeevich [38]
3 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]3 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]3 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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What is a market economy regulated by?
miskamm [114]

Answer:

Producers and consumers :)

Explanation:

Market economies are run by buyers and sellers, there is no government involved.

6 0
3 years ago
How the following changes will affect demand and supply strong argument:
Vilka [71]

Answer:

Please see below for answer

Explanation:

<u>1 Reduction in subsidy by government </u>

The supply will be negatively affected as the production cost will get higher and it will get more difficult to meet the demand of the product.

<u>2 Increase in price of wood </u>

This will again have an impact on the supply as the production cost increases due to more expensive raw materials.

<u>3 Need of cupboards increased in universities </u>

The demand has increased in this case and the supply will have to be increased too if the demand is to be met.

<u>4 Reduction in tax for both buyers and seller of cupboard</u>

This will result in an increase in both supply and demand as more people might be able to afford the cupboards now as compared to before.

8 0
3 years ago
Clock and Cane Company. has 6.8 percent, semiannual coupon bonds on the market with twelve years left to maturity, face value of
svet-max [94.6K]

Answer:

YTM is 6.90%

Explanation:

The yield to maturity on the bond can be computed using the rate formula in excel.

=rate(nper,pmt,-pv,fv)

nper is the time to maturity of 20 years multiplied by 2 since the bond is paying interest on semi-annual basis

pmt is the semi-annual interest receivable by investor which 6.8%/2*$1000=$34

pv is the current market price of $989.45

fv is the face value of $1000

=rate(40,34,-989.45,1000)

rate=3.45%

The 3,45% is the semi-annual YTM, whereas the annual YTM 3.45% *2=6.90%

6 0
3 years ago
The HR manager of Carl Investments, a share broking firm, has decided to arrange regular yoga classes for the employees of the f
tigry1 [53]

Answer:

collateral stress program

Explanation:

collateral stress program is program which is being implemented in organization to help employee cope with stress and anxiety.  

It has been seen that long working hours, increasing workload and uncertainty in roles and responsibilities accompanies with unbalanced work life balance has been affecting physical and mental well being of employee. This reduces the productivity of employee and organization. An organization is meant to take care of employees. Hence under such circumstances. Collateral stress program is being use dot help employees.  

Under this program, employees are made to learn stress management, health promoting program is conducted. Employees are given assistance of psychological expert to discuss their issues. Nowadays Yoga program is also used in organization to ensure overall being of employees.  

Hence any activity and event to ensure mental and physical well-being of employee constitute collateral stress program.

Since, in the problem stated above carl investment firm is introducing yoga classes for its employee to help in mitigating their stress. It comes under the purview of collateral stress program

8 0
4 years ago
Which is a helpful resource for you during the process of buying a home? A. Realtors B. Local programs C. Government programs D.
Klio2033 [76]

Answer:

A. Realtors

Explanation:

A realtor is a professional who helps clients buy and sell properties.  Realtors are registered by the National Association of Realtors (NAR) and licensed to practice by their local authorities.

Realtors work for real estate companies. They may be real estate agents, salespeople, residential and commercial real estate brokers, property managers, or appraisers. Since they are recognized by law, and their work revolves around properties, realtors stand in a better position to assist someone buying a house.

3 0
3 years ago
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