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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 ____________ approach to solving the recession in this example would have no uncertainty regarding the attainment of the short
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Answer:

monetarist approach                            

Explanation:

Monetarism relates to the school of thought that prioritizes the function of government agencies in regulating the number of resources in circulation in monetary economics. Monetarist theory argues that differences in the currency supply have significant short-term and longer-term impacts on federal output and price rates.

If a country's money supply decreases, business activity will rise, as per monetarist theory; the opposite is also correct. The monetarist philosophy is driven by a standard equation, MV= PQ, in which M will be the money supply, V is just the pace and P refers to the price of commodities, and Q is the sum of commodities.    

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3 years ago
In late April, the Acme Construction Co. submitted a $1,200,000 progress billing on a construction contract.On May 2, the bill w
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Construction expenditures should be debited when <u>D. The bill is approved for payment.</u>

<u>Explanation:</u>

In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.

This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.

Once the bill submitted by company is approved, then the retention amount will be automatically debited.

8 0
3 years ago
What is generally TRUE about earning an income?
Daniel [21]
I think it could possibly be d?
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2 years ago
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A Company just starting in business purchased three merchandise inventory items at the following prices. First purchase $80; Sec
gogolik [260]

Answer: $65

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So, in the given question the two units sold would be costing $80 and $95

Hence,

Gross profit = $240 - ($80 + $95)

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3 0
3 years ago
When a firm or store offers a price reduction to customers who buy during off-peak periods throughout the year, we say the firm
german

Answer:

Seasonal.

Explanation:

A trade discount can be defined as a reduction in the price of goods given by a manufacturer to a wholesaler or retailer when they buy units of goods in larger quantities. This ultimately implies that, a trade discount is a percentage reduction in price given by a manufacturer to a wholesaler or retailer in order to encourage them to buy the goods in larger quantities and thus, increase revenue and profits.

Also, a seasonal discount can be defined as a reduction in the price of goods given during off-peak periods (off-season) in order to encourage customers to purchase a particular product.

Hence, when a firm or store offers a price reduction to customers who buy during off-peak periods throughout the year, we say the firm is giving a seasonal discount.

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3 years ago
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