Answer:
- <u>"non-rival" and "non-excludable".</u>
- <u> $18.</u>
- <u>less</u>
- <u>should not</u>
- <u>A. Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.</u>
Explanation:
Since the project is simply about planting trees and remodeling buildings so as to make the campus more aesthetically pleasing hence for the students of the college, the visual appearance of the campus can be categorized as non-rival and non-excludable. Meaning, anybody can freely benefit from the project.
The benefit of the beautification initiative is $18 since the average willingness to pay is by the students is $18.
We can thus conclude that the estimated benefit is less than the cost since we are told that $7,200 is the entire cost of the initiative, which when compared to be amount to be contributed has a shortfall (300*$18=$5,400∠$7200). Thus, the college administrators should not undertake the beautification initiative.
Answer:
Giá trị của hàng hóa được quyết định bởi: ► Lao động của người sản xuất hàng hóa kết tinh trong hàng hóa. ► Sự hao phí sức óc, bắp thịt, thần kinh của con người. ☺ Lao động trừu tượng của người sản xuất hàng hóa kết tinh trong hàng hóa. ► Quan hệ cung cầu về hàng hóa ở trên thị trường.
Explanation:
Answer:
C. relatively small changes in price are required to obtain a relatively large change in quantity demanded.
Explanation:
An elastic demand indicates that relatively small changes in price are required to obtain a relatively large change in quantity demanded.
Income of a consumer is the main factor that affects the demand in the scenario illustrated below.
Explanation:
Income of a consumer is related with price of goods as well as taste and preference of goods. When the income of a consumer increases the consumer can buy goods which are costly in nature but on the other hand when the income of the consumer decreases the consumer will not be able to buy costly goods.
when the income of the consumer increases the consumer can concentrate more on its taste and preference but on the other hand when the income of the consumer decreases taste and preference for the good also reduces.
Answer:
Production= $353,500
Sales= $151,500
Explanation:
Giving the following information:
The annual cost of computer services is $505,000.
The production department employs 35 employees, and the sales department employs 15 employees.
First, we need to calculate the proportion of employees in each department:
Production= 35/50= 0.7
Sales= 15/59= 0.3
Now, we can allocate overhead:
Production= 505,000*0.7= $353,500
Sales= 505,000*0.3= $151,500