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maks197457 [2]
3 years ago
9

One hundred of the voters in a town are willing to pay $100 each to support a public green space, which will cost $10,000 to bui

ld and maintain. One hundred and fifty voters in the same town do not value the public green space. What is the social marginal benefit of the public green space
Business
1 answer:
Zina [86]3 years ago
5 0

Answer:

Social Marginal Benefit = 10000

Net Social Marginal Benefit = 0

Explanation:

For Public Goods, Marginal benefit to each consumer is reflected within their willingness to pay for the public good.

Marginal Benefit (Willingness to pay) = 100 for 100 people, 0 for 150 people

So, Marginal Benefit = (100) (100) + (150) (0)

= 10,000

Marginal Cost of the public good space = 10000 [Given]

Net Social Marginal Benefit = Marginal Benefit - Marginal Cost

= 10,000 - 10,000

= 0

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A firm in a perfectly competitive market: d. must take the price that is determined in the market.

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This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.

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2 years ago
Sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. If sean charge
pochemuha

The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407)  How a monopolist maximizes profits

How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?

The monopolist will select the profit-maximizing level of output where

                                      MR = MC

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 Because Chuck, a sole commercial airplane operator in small isolated town, has no  competition, he has complete control of market price of air travel in his small tone

 Reduced price → increase in ticket sales

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3 0
2 years ago
For what eccentricity is the secondary focus (which is usually empty) located at the sun? What is the shape of this orbit?
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Answer:

The eccentricity, denoted by e, is defined as that fraction of an ellipse size which causes the focus to move away from the center. When an ellipse has an eccentricity of zero, this means that the focus and the center are in one same place. Thus the eccentricity of the secondary focus located at the sun is zero when located at the sun. Thus with an eccentricity of zero, the focus and center will be at same place therefore making the shape of the orbit to be a perfect circle.

Explanation:

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3 years ago
If a positive externality in consumption is present in a market, then
larisa [96]
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3 years ago
Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Co
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Answer:

d. Credit to the investment account for $9000.

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Since Zach company owns 45% of the voting stock in the Tomas corporation and Tomas corporation uses an equity method in recording this investment and it reports a net loss of $20,000.

The Zach company's entry would be Credit to the investment account for $9000.

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3 years ago
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