Answer: 11 cars
Explanation:
Socially optimal quantity is determined where,
Demand = Marginal Social Cost
We have the demand function, now we must calculate the MSC.
We can do that as,
MSC = Marginal Private Cost + Marginal External Cost
MSC = 20 + 5q + 10
MSC = 30 + 5q
Going back to our original formula we can now solve for the socially optimal quantity as,
Demand = MSC.
100 - 5q = 20 + 2q
80 = 7q
q = 11.42
q = 11
11 is the socially optimal number of cars produced.
My theory is- The job in which few are employed maybe the job doesn’t have a high demand therefore more people would not want to work for it compared the job that maybe has a high demand would most likely to have more openings.
Answer:
B. Being unwilling to sell a painting that you already own
Explanation:
Endowment effect is when individuals value things they own more highly than things they don't own. The endowment effect postulates that individuals are unwilling to exchange things they own for something else of equal value.
The amount people would be willing to accept in exchange for the good they own is usually very high compared to the true value of the object they own.
I hope my answer helps you.
Answer:
C. hassle
Explanation:
It is a genuine nuisance having to commute longer than what you are used to. However, Jenn's issue cannot be defined as a true stressor, as it is something she would probably get used to in the long run.
On the other hand, real stressors would refer to work and workplace issues per se. For example, a <em>negative stressor</em> can be a long-term inability to avoid conflict with managers, which is directly influencing job stability and our feeling of economic safety. On the other hand, a <em>positive stressor</em> (or eustress) refers to the positive excitement related to events we are looking forward to, for example, our promotion.
<em>Strong stressors</em> and <em>crises</em> are related to exceptionally tough issues to overcome. For example, continuous burnout that makes us unable to cope with work is something a lot more serious than the hassle of a longer commute.
Answer:
Marginal cost, average variable cost, and average total cost will increase. Average fixed cost will not change.
Explanation:
Marginal Cost is the change in total cost as a result of producing one extra unit of output.
Variable cost is cost that varies with output level. Average variable cost = variable cost / quantity produced
Fixed cost is cost that doesn't vary with the level of output produced. Average fixed cost = Fixed cost / quantity produced.
Total cost is the sum of fixed and variable cost. average total cost is total cost / quantity produced.
If the price of supplies increase, the cost of production increases and average total cost, average variable cost and marginal cost would increase.
Fixed cost would remain the same.
I hope my answer helps you
