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Ivenika [448]
3 years ago
10

National defense is a good that is nonexcludable and nonrival in consumption. Suppose that instead of national defense being pai

d for with tax dollars national defense is paid for by voluntary contributions from (potentially) all individuals within Latvia. Cedric, who is a Latvian citizen, must decide whether he wants to contribute to the national-defense budget. Further, suppose that there are a total of 10 citizens, including Cedric. For the optimal amount of safety, each citizen should pay $10$10 . Every $1$1 contributed (by anyone) to the national defense leads to increased security, which each person values at $0.20$0.20 . This means that every dollar spent on defense is worth $2.00$2.00 to Latvia as a whole. How much does Cedric personally value the increase in national defense when he contributes $10$10 to the defense fund? Cedric's personal value: $ If contributions are voluntary, and assuming people rationally maximize their utility, what is the total contributed to national defense? total contributed voluntarily: $ Suppose that instead of relying on voluntary contributions the government simply levies a tax of $10$10 on each person to pay for national defense. How much better or worse off would Cedric be if everyone (including himself) were taxed $10$10 instead of contributing voluntarily? If Cedric is worse off, be sure to put a negative sign in front of the number. Cedric's gain or loss under tax: $

Business
1 answer:
ElenaW [278]3 years ago
3 0

Answer:

Explanation:

find the attached document below

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Accessories not installed by the original equipment manufacturer (OEM) can be difficult to diagnose :_________
RoseWind [281]

Answer:

the warranty may have expired

Explanation:

  • Warranty is not guaranteed. This is just a promise. It can be enforced if specified by the award for legal compensation for damages
  • Warranty is a condition of the contract or the innocent word "does not go to the source of the contract" and only damages the innocent party
  • Sometimes manufacturers allow you to purchase an extended warranty after your original warranty expires.
  • If you do not have any warranty compared to the equipment installed by the original equipment manufacturer (OEM), it is difficult to confirm.
7 0
3 years ago
what are some things that allow people to communicate without having to be in the same area (economics)
uranmaximum [27]

Explanation:

Science has made huge progress in every field. If we talk about the ways of communication between people who are not in the same area, it was considered insane few years back; but now this is a reality that people who are not at the same place can communicate with each other just like they are sitting in front of each other.

There are different methods or ways through which people who are not at the same place can communication easily.

The most simplest and conventional method is the use of Telephone. But now, with the progress in Technology and with the use of Internet, there are a lot of communication devices that uses different apps to talk to each other. They are used to talk either through the audio or with the Video as well. Using your mobile phone, or laptops, or other communication gadgets, you can even see the other person while talking to him. So Telephones, Telegraphs, Internet, Cell phones, etc are used to communication without having to be in the same area.

3 0
3 years ago
What is "Management? ¿<br><br><br><br>Business Studies** ​
nikklg [1K]

Answer:

Management is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business.

Explanation:

Hope it's help

7 0
2 years ago
Read 2 more answers
Local Co. has sales of $ 10.1 million and cost of sales of $ 5.5 million. Its​ selling, general and administrative expenses are
Firlakuza [10]

Answer:

1. 45.5%

2. 13.3%

3. 7.2%

Explanation:

The formulas and calculations are shown below:

1. Gross margin = (Sales - cost of sales) ÷ (sales) × 100

                          = ($10.1 million - $5.5 million) ÷ ($10.1 million) × 100

                          =  ($4.6 million) ÷ ($10.1 million) × 100

                          = 45.5%

Gross profit = Sales - cost of sales

2. Operating margin = (Gross profit - selling, general and administrative expenses - research and development - annual depreciation charges) ÷ (sales) × 100

= ($4.6 million -  $460,000 or $0.46 million - $1.4 million - $1.4 million) ÷ ($10.1 million) × 100

= ($1.34 million) ÷ ($10.1 million) × 100

= 13.3%

Operating income = Gross profit - selling, general and administrative expenses - research and development - annual depreciation charges

3. Net profit margin = (Operating income - taxes) ÷ (sales) × 100

= ($1.34 million - $0.6097 million) ÷ ($10.1 million) × 100

= ($0.7303 million) ÷ ($10.1 million) × 100

= 7.2%

The income tax expense =  Operating income × income tax rate

                                          = $1.34 million × 45.5%

                                           = $0.6097 million

6 0
3 years ago
Which of the following sections of a business plan contains information about the different departments in the company and what
MrRa [10]
The section of a business plan that contains information about the different departments in the company and what they do is the organization section.
In it, you can see all of the employees working in a certain company, and their jobs and activities are all enlisted in that part of the business plan. This is the easiest way to find a person you need, and who is the most suitable for a job that you want to hire them for.
8 0
3 years ago
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