Answer:
Th answer is: A) Rent a car.
Explanation:
If the consumer rents the car he will spend $60 ($30 per day x 2 days) in rent and $240 (= $5 per hour x 48 hours) in used time. His total cost will be $300.
If the consumer buys a plane ticket he will spend $400 and $10 ($5 per hour x 2 hours) in used time. His total costs will be $410.
Since both marginal utilities are the same, we have to choose the alternative with the lowest possible cost; rent a car.
Answer:
A) positive externalities
Explanation:
Positive Externalities represents a level of benefit that external or third parties can enjoy as a result of a a research or an economic transaction. It is the benefits that competitors in a business line for instance, can enjoy as a result of the technological breakthrough in product or process by a business.
In other words, as in the question, while Bell Laboratories developed the laser technology, competitors and other businesses have been able to incorporate the developed technology in various applications including data transmission, medical use among others.
Therefore, although they didn't develop the technology, they benefit from its development
Answer: d. eliminating the discharge of anything into any water.
Explanation:
The Clean Water Act aims to clean up and restore the integrity of water sources in the United States and it hopes to do so by preventing and completely eliminating the discharge of anything into any water that could result in the water being polluted.
It is a Federal statute and is enforceable by the Environmental Protection Agency.
Answer:
B. Public relations
Explanation:
Public relations is the strategic process whereby an organization builds a mutually beneficial relationship between them and the general public. It is a form of creating a stronger brand reputation. By sending donation envelopes to each family in the neighbouring county, the Musuem and its officials are engaging in public relations. It involves engagements between an organization its surrounding public.
Answer:
a) Spaghetti
Explanation:
Dollar value means the actual amount raised from selling. In this case,
spaghetti will have dollar sales of:
=340 x $12
=$4,080
Steak
=212 x $16
=$3,392
Therefore, spaghetti has higher dollar sales.