The CPSC make rules following a scientific process to understand and be able to allow products in the market. They require safety procedures and inspection. Failure to follow their rules and standards would end to rejection and total ban. The CPSC strictly adheres and had been given the authority with their procedure for safety.
Answer:
A.
Explanation:
The demand for some of products have a relationship, where the quantity demanded for one product depends somehow on the prices of both.
If two goods are substitutes, an increase in the price of one increases the demand of the other.
The demand for brand A depends on its price and also in the price of its main competitor.
In this case, shotgun-shell and shotgun-shell ammunition are substitutes.
Answer:
a. Asarta Inc. could pay the fishermen $8,500 and keep polluting
Explanation:
The fishermen sell the fish for $8,000 a year at local market.
Due to pollution emitted by company into stream, their catch is dwindling and also their income.
The company benefits from usage of stream to the tune of $4,000 a year. In such scenario, if company compensates the fishermen for any amount between $8,000 and $40,000 then, in that case, optimal solution to the problem can be achieved in absence of any other transaction cost as per the Coase Theorem.
Therefore, The Asarta Inc. could pay the fishermen $8,500 and keep polluting.
Answer: C. clean and fast-growing and that pay
Explanation:
Answer:
Higher than retail price because: demand is higher than supply
You would have saved: $200
Explanation: