Answer:
B. one characterized by nonrivalry and nonexcludability.
Explanation:
Quasi-Public good is considered as the goods which characterized by the both private and public goods e.g Roads, bridges etc. These goods have incompetent market and it lacks the existence of free market. These goods are non-rivalry and non-excludability. So option B is the appropriate answer for this question.
Answer:
direct from provider to customer
Explanation:
Service industry is different from the product industry in terms of the marketing channels used. While the product marketing includes thorough examination of possible marketing channels, the service industry has a main marketing channel concept - providing service directly from the provider to customer.
Answer:
The correct option is
Merit
Explanation:
The equal pay act became law in 1963 , it mandates employers to pay workers equal pay for performing the same job irrespective of their gender.
Answer:
The correct answer is A)
Explanation:
There is no good or service that is unlimited.
The concept of the Barter system was simply a method of exchanging value for value.
- It was phased away due to several reasons:
- It was not a good store of value as many of the goods were perishable
- it didn't make for good administration: It was too cumbersome and problematic. Imagine having to store three trailers of eggs awaiting a barter exchange
Cheers!
Answer:
Year 2= $4,687.5
Explanation:
Giving the following information:
Purchase price= $34,000
Useful life= 8 years
Salvage value= $9,000
<u>To calculate the depreciation expense under the double-declining-balance, we need to use the following formula:</u>
<u></u>
Annual depreciation= 2*[(book value)/estimated life (years)]
Year 1= [(34,000 - 9,000)/8]*2= $6,250
Year 2= [(25,000 - 6,250)/8]*2= $4,687.5
