Answer:
b. property rights are not well established.
Explanation:
Since in the question it is mentioned that the markets is not able to allocate or distribute the resources efficiently and this would happen at the time when the property rights were not well created or developed
Therefore as per the given situation, the option b is correct
hence, the same is to be considered
ANd, the rest of the options are wrong
If a competitive market has three firms with marginal costs of mc1 = q1, mc2 = 0.50q2, and mc3 = 2q3 and faces a market price of $10, the total quantity supplied by all three firms is 35.
Marginal cost is the cost to supply one additional unit of manufacturing. it's far an important idea in cost accounting as marginal price facilitates deciding the most efficient degree of manufacturing for a manufacturing manner. It's far calculated via figuring out what fees are incurred if best one additional unit is manufactured.
In economics, the marginal cost is the exchange within the general value that arises whilst the amount produced is incremented, the fee of manufacturing extra quantity.
Marginal cost is the added price to provide an extra desirable. as instance, say that to make 100 automobile tires, it costs $100. To make one greater tire could value $80. this is then the marginal fee: how lots it expenses to create one additional unit of a great or service. The charges of manufacturing determine the marginal value.
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A five year plan is a list of priorities you would like to accomplish over the next several years. As well as actions you can take when you make mistakes, so that you can still meet those goals.
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Answer:
The company's net income will decrease by $88380
Explanation:
we increase sales by 10% which results in 10% increase in divisions profit of $1620
after that we set off the increase in the profits lost as it is less than it ($90,000 - $ 1620) =$88380