1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kitty [74]
3 years ago
7

1. Alexander lives in an apartment building and gets a $250 benefit from playing his stereo. Mary, who lives next door to Alexan

der and often loses sleep due to the loud music coming from Alexander’s stereo, bears a $350 cost from the noise. What is the socially optimal solution? If Mary had to hire a lawyer to draw up the contract, what is the maximum amount she could pay to the lawyer to ensure that both Alexander and Mary would benefit from the agreement? Show all your work
Business
1 answer:
Genrish500 [490]3 years ago
3 0

Answer:

Alexander would enhance his stereo playing for 100 dollars more. Mary would pay a lawyer 100$

Explanation:

Socially optimal solution is the situation where all external costs are taken into account, as well as internal costs and benefits. Therefore, If Alexander's benefits from playing the stereo is 250 dollars and Mary's costs are 350 dollars, than in order to get socially optimal solutions, Alexander could enhance his stereo playing for 100 dollars more. Mary would pay a lawyer up to 100 dollars.

You might be interested in
What is the simplified base for the function f(x) = 2(3/272x)?
madam [21]
The answer to this is C
7 0
3 years ago
Being debt free within the next 15 years is an example of which goal
marishachu [46]
I agree with the person above - being debt free within the next 15 years in an example of a long-term goal.
A short-term goal would involve hours, days, or even months. But here, we're talking about years, at least 15 of them, which is a long time during which many things can change. So it is definitely a long-term goal, given that it won't expire any time soon.
4 0
2 years ago
Read 2 more answers
What do you think is the most important skill a judge can possess
Airida [17]

Answer:

The decision making skill because it's hard for a judge to make the right decision.

4 0
3 years ago
Micro Tech, Inc. made the following cash expenditures during current-year related to the development of a new technology which w
lilavasa [31]

Answer:

a.$348,000

Explanation:

Research & Development Cost=Materials and supplies+R&D Salaries+Consultant fees+purchase cost of equipment=38,000+120,000+50,000+140,000

=$348,000

3 0
3 years ago
What are sales transactions posted to the accounts receivable subsidiary ledger? Why?
Eduardwww [97]

Answer: Transactions and Payment History.

Explanation:

The general ledger records the transactions and payment history of each customer to whom the business provides credit. The balance in each client account is periodically adjusted to the stability of accounts receivable in the general ledger, to ensure accuracy. It also provides details of these sales, showing dates and account numbers, credit, payments made against credit sales, discounts and refunds and fees.

8 0
3 years ago
Other questions:
  • With ______, books don't have to be printed on paper to be distributed.
    6·1 answer
  • What does apartheid mean and what country in africa practiced it?
    12·1 answer
  • On August 15, you purchased 110 shares of stock in the Cara Cotton Company at $26 a share and a year later you sold it for $22 a
    7·1 answer
  • The screening process involves . A. choosing a setting to have group B. deciding how to publicize C. choosing a co-leader D. int
    9·1 answer
  • The following data relate to labor cost for production of 3,600 cellular telephones: Actual: 2,430 hrs. at $14.5 Standard: 2,390
    5·1 answer
  • A primary consumer gets energy from a producer. where does the energy go from there? all of the energy is transferred to seconda
    5·2 answers
  • Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake
    15·2 answers
  • Abc analysis is an item classification system which (indicate the exception below):
    6·2 answers
  • Given the following historical demand and forecast, calculate the Tracking Signal in Week 3:Week 1 Demand: 50 Forecast: 49Week 2
    9·1 answer
  • Appliance Center is an experienced home appliance dealer. Appliance Center also offers a number of services for the home applian
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!