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
All of the following are determinants of demand elasticity EXCEPT a. whether the purchase of the product can be delayed b. wheth
yKpoI14uk [10]

Answer:

The correct answer is option d. whether the product has utility.

Explanation:

The demand elasticity is a concept that explains the elasticity of the consumer in terms of buying a product while its price rises.

All of the factors given in the question are a part of this concept except whether the product has utility.

The reason is that when a consumer buys something, the utility of that desire is not measured. If people have a high demand elasticity, they would buy the most priciest of things which have no utility  as such.

3 0
3 years ago
Your company introduced a new product one month ago. Since then, the Website has processed so many orders that the shipping and
blondinia [14]

Answer: The web team can create a FAQ page.

Explanation: FAQ is an abbreviation for Frequently Asked Questions. A FAQ page is a page on an c ecommerce store, where answers to important questions about a company or its products and services have been stored. This is done to clarify the uncertainties of customers and show them how the company or its products and services work.

This will greatly help the company reduce questions directed to sales team, as customers can easily find answer to their questions in the FAQ page

3 0
3 years ago
"A proposed new project has projected sales of $201,000, costs of $93,000, and depreciation of $25,400. The tax rate is 22 perce
Neko [114]

Answer:

Cash Flow = $89,828.

Explanation:

Detail is given in the picture attached.

5 0
4 years ago
the main purpose of writing a business plan is to a. prepare a "blueprint" for the development of your business. b. meet a state
erastova [34]
D because if your employees don't know about anything then you will have a sloppy business

5 0
3 years ago
Read 2 more answers
All financial statements:_________
Anastasy [175]

Answer:

a) help to evaluate what happened in the past.

Explanation:

The financial statement interprets the financial performance, profitability, position of the company. It involves the income statement, balance sheet, cash flow statement, etc through which the business could be analyzed in a better way

Also it helps to analyze and evaluate what is happened in the past

Therefore the option a is correct

5 0
3 years ago
Other questions:
  • Based on the information provided regarding Dell, which orientation would best describe its approach to marketing?
    14·1 answer
  • A company is considering purchasing a machine that costs $400,000 and is estimated to have no salvage value at the end of its 8-
    14·1 answer
  • Using a perpetual inventory system, the seller’s journal entry to record the sale of merchandise on account includes a:_________
    10·1 answer
  • define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today​
    12·1 answer
  • In the country of Lumberne, citizens campaigned against the sanction of a new factory that was about to be built in the vicinity
    10·1 answer
  • Benefits can represent more than ______ of the employer's total payroll costs. a. 28 percent b. 7 percent c. 66 percent d. 12 pe
    13·1 answer
  • The two cofounders of Impact Technology, a data-storage firm in Research Triangle Park, North Carolina, were feuding with each o
    11·1 answer
  • 1. A computer game that can be purchased online and played right away has good ___ utility. A) form. B) info. C) value. D) time
    15·1 answer
  • A production department's output for the most recent month consisted of 8,900 units completed and transferred to the next stage
    9·1 answer
  • ____________ is a condition that must be satisfied before a party’s contractual obligation to perform becomes absolute (e.g., Bo
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!