Answer:
A. for government to provide the good and then pay for its production through taxation.
Explanation:
Free Riding is an economic problem implying usage of 'non excludable' good, by people not contributing to pay for it.
Example : Roads, Bridges etc.
One most suitable solution to free rider problem is : Providing it through government and treating all prospective beneficiaries as unified consumers set , dividing the entire total cost equally between all of them - through mechanism of taxation
Explanation:
1) 35 lawns x 12 weeks = 420 lawns total
420 x $24.25 = $101.85
2) 20 lawns x 12 weeks = 240 lawns total
240 x $24.25 = $58.20
3) 5 lawns x 12 = 60 lawns total
60 x $24.25 = $14.55
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1) Fixed cost: 420 + variable cost: $24.25
Total cost: $101.85
2) Fixed cost: 240 + variable cost: $24.25
Total cost: $58.20
3) Fixed cost: 60 + variabl cost: $24.25
Total cost: $14.55
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I’m not sure About the last one sorry.
The idea that many media products are digital files of ones and zeros sold in physical containers, is known as: atoms to bits
Answer:
2. entry or exit of firms in the market.
Explanation:
A perfect competitive market is when there are many buyers and sellers of homogenous goods and services.
Firms sell homogenous products both in the short and long run.
There are no barriers to entry and exit of firms into the market.
Firms in a perfect competition earn zero economic profit in the long run. If in the short run, firms make economic profit, firms enter into the market in the long run.
If in the short run, firms make economic profit, firms leave the market in the long run.
Answer:
a debit balance of $1,300
Explanation:
Generally in the income statement, a net profit is the excess of income over expenses during a given period and this will give a credit balance in the income statement, but this will be a debit balance in Income Summary to close the account.
On the other hand, a net loss is the excess of expenses over income during a given period and this will give a debit balance in the income statement, but this will be a credit balance in Income Summary to close the account.
Since Camera Obscura Enterprises made a net profit of $1,300 in the month of June, the balance in Income Summary will therefore be a debit balance of $1,300.
