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loris [4]
3 years ago
6

Please think of one example of a product that you use on a regular basis for which some of the cost of production or consumption

are externalized. Please explain.
What will be the long-term cost for or impact on society of this externalization?
Business
2 answers:
Lelu [443]3 years ago
7 0

Answer and explanation:

Externalized costs are costs that the society pays that are generated by producers and the consumers of the product. The common example is the use of petrol. If I own a car and I don't like riding bicyle for smaller distances, this means the Carbon dioxie emission caused due to me have to be born by the society. This means that the net effect would be a loss to society caused by the usage of products that are injurious to our ecosystem.

UK has targeted to achieve zero Carbon dioxide emission by 2050, which shows their commitment to social responsibility and we keep dumping things in the oceans because nobody acknowlegdes the damage caused by using plastic made products and also not recycling it. After plastic into the oceans the marine life suffers. The Carbon Dioxide emission is one of the main reasons why the glaciers are melting and many animals are dying annually. We unaware with our responsibilities to our society and love profits no matter if someone dies or get harmed by the operations of the company or using products that have greater externalized costs.

Lemur [1.5K]3 years ago
7 0

Answer:

Laptops (wrote this myself, not copied)

Explanation:

Laptops are ubiquitous in our everyday life. I couldn't even write this without one. The number of computer units shipped has increased from 135 million in 2000 to 355 million in 2011!  When a laptop becomes useless, it is usually disposed of.  Environmental Protection Agency estimates that only 38 percent of computers in 2009 by weight were recycled. A laptop can contain mercury, lead, chromium and other heavy metals that provide power. If these toxic elements ended up in a landfill, they could contaminate groundwater, surface water or the soil around the landfill.

Approximately 164 million people in the US own laptops. The amount of energy (electricity) needed to power these laptops contributes to the millions of tons of greenhouse gases that are transmitted into the environment.

Richard Mattison, CEO of the Trucost, part of S&P Global, stated, "Our analysis indicates that, on average, if nature charged for its services, the “true cost” of a desktop computer would be around 6 percent higher than the retail price, while the laptop would be 14 percent more expensive." In other words, if nature charged for its administrations, the "genuine expense" of a desktop, it would associate with 6 percent higher than the retail cost, while the laptop would be 14 percent more costly.

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Keep an emergency kit and fresh water in your car in the event of______
maxonik [38]

Answer:

A breakdown or emergency or an unexpected event

Explanation:

The emergency kit should always be kept in the car along with it the fresh water should also be there as if there is any emergency or breakdown occurs or the event i.e. not expected arise so these things would be used so that the problem you are suffering would be solved as soon as possible. Also if you are feeling thirsty so here you need is the water

So according to the given statement, A breakdown or emergency or an unexpected event is an answer

3 0
3 years ago
How does capitalism differ from socialism when it comes to the ownership of property?
yKpoI14uk [10]
Ownership<span>. In a </span>capitalist<span> economy, </span>property<span> and businesses </span>are<span> owned and controlled by individuals. In a </span>socialist<span> economy, the state owns and controls the major means of production. In some </span>socialist<span> economic models, worker cooperatives have primacy over production</span>
8 0
3 years ago
Read 2 more answers
All of the following are examples of automatic stabilizers except :
Elina [12.6K]
<span>All of the following are examples of automatic stabilizers except the rapid growth decreases the number of people collecting unemployment. And more people qualify for unemployment as a result of a recession. The answers are the first and the fourth sentences.</span>
5 0
3 years ago
David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefit
kumpel [21]

Answer:

Health; automobile.

Explanation:

In Insurance, risk tolerance refers to the willingness of an individual or organization to take a risk in business transactions in order to get a potentially positive reward.

Simply stated, risk tolerance in insurance is the willingness of an insured individual to increase his or her Self-Insured Retentions (SIRs) or deductibles by the insurer. For instance, the high risk associated with investments such as stocks, high-yield bonds, is often perceived by investors to be worth the higher reward such investment brings.

Generally, insurance companies across the globe charge millions of their customers (insured) premiums every year. This gives them the privilege of having a pool of cash which can be used to cover the cost of losses and destruction to the asset of a small fraction or percentage of its customers.

This simply means that, since insurance companies collect premium from all of their customers for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.

In this scenario, David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefits. For example, his employer’s health insurance covers prescription drugs and immunizations. David will also be receiving automobile insurance at no cost from his employer.

8 0
3 years ago
Read 2 more answers
A paint manufacturer has a uniform annual demand for 16,000 cans of automobile primer. It costs $4 to store one can of paint for
Luda [366]

Answer:

B) The company should have 8 production runs each year

Explanation:

Given :

Uniform annual demand, = 16000

Total cost, C = 500y + 2x

xy = 16000

x = \frac{16000}{y}

Let's substitute \frac{16000}{y} for x in C.

Therefore, we have :

C = 500y + 2( \frac{16000}{y} )

C = 500y + \frac{32000}{y}

In order to minimize the total storage and setup costs,

Differentiating wrt y:

C = C_m_i_n,    \frac{dc}{dy}=0

C'(y) = 500y + \frac{32000}{y^2} = 0

y^2 = \frac{320}{5} = 64

y = \sqrt{64} = 8

In order to minimize the total storage and setup costs, the company should have 8 production runs each year

6 0
3 years ago
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