Answer:C. Once purchased, it is not available for others to buy.
Explanation:
Economics refers to a good or service as excludable if a person who hasn't purchased it can not have access to it or enjoy its benefits. A good or service that can be enjoyed without having paid for it is called non excludable.
Excludable are those goods that once bought they exclusively belongs to that owner such as clothes, food , cars , reserved parking space. There is a competition for these goods and services cause they get owned privately and can't be available to another person once bought.
No excludable refers to those resources that are commonly shared by the public such as fish stocks, timber and coal. Free air channels and other public goods.There is no competition for these goods cause they are available to all consumers.
If we can determine using statistical analysis that two different sets of events are aligned, we can call those events as correlated. The event correlation is a method for creation of sense of a large number of events and identifying the few events that are certainly significant in that mass of data. This is able by observing for and evaluating relations among events.
Genetech corp. has invested heavily to develop a patented new product. Genentech wants to achieve a rapid return on its investment. it probably should set a profit maximization.
Profit maximization in economics refers to the short- or long-term process through which a corporation chooses the price, input, and output levels that result in the largest profit. The firm is typically modelled as maximizing profit in neoclassical economics, which is currently the dominant approach to microeconomics.
Economic and social well-being are indirectly influenced by the profit maximization idea. A company uses and allocates resources effectively when it is profitable, and this results in payments for capital, fixed assets, labour, and organization. Economic and social welfare is achieved in this way.
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It is a false statement that the AANG companies are Monopoly in their industry.
<h3>What is a Monopoly?</h3>
This refers to an exclusive possession/control of the supply or trading in a commodity or service.
As the AANG companies produces face mask, sanitizer, soap & toothpaste etc, then, it operates in a free market will other firm.
Therefore, It is a false statement that the AANG companies are Monopoly in their industry.
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Answer:
Total Assets on the Balance Sheet is $241,236.
Explanation:
Total Assets would include the total from the Non Current Assets Section and the total from the Current Assets Section of the Balance sheet.
Here is an extract of the Assets Section of the Balance Sheet :
Assets
<u>Non-Current Assets</u>
Equipment $54,928
Total Non-Current Assets $54,928
<u>Current Assets</u>
Inventories $25,896
Supplies $5,592
Accounts receivable $81,416
Cash $73,404
Total Current Assets $186,308
Total Assets $241,236