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2 years ago

Property rights are theoretical elements in economics for determining how a resource is used and owned. Resources can be

1 answer:

8 0

There are four parts to property rights are namely the right to use the good, the right to transfer the good to others, the right to enforcement of property rights, and the right to earn income from the good .

Option C

<u>Explanation: </u>

Property rights are abstract and legally regulated legal buildings for deciding which property or economic goods are used and held. Property rights may be owned by (and therefore belong to) individuals, organizations, collectives. This characteristic comprises four wide elements and is frequently called a bundle of rights.

The right to make use of the good
The right to earn an income from the good
The right to transfer the good to someone else, change it, give up it or destroy it (the right to cease ownership)
The right to implement property rights.

Throughout economics, the land is normally considered to be owned by an asset or good (rights on the income obtained from property). In fact, several economists argue that ownership rights must be fixed and relations between other parties represented in order to be more efficient .

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. In the short run, a firm operating in a competitive industry will shut down if price is a. less than average total cost. b. gr

earnstyle [38]

Answer:

The answer is: D) less than average variable cost.

Explanation:

If a company shuts down its production temporarily (not permanently), it will stop receiving revenue from the goods it used to produce but at the same time it will not be spending any money on variable costs. The company will suffer losses equivalent to its fixed costs (e.g. depreciation costs, rent, etc.).

A company decides to shut down its production when the revenue it receives from selling its products doesn't even cover their variable costs. That means it is losing money by producing its goods.

7 0

3 years ago

If a corporate bond with face value of $1,000 has an interest rate of seven percent paid once a year for a term of 10 years, wha

KiRa [710]

I believe the answer is $700.

4 0

3 years ago

budgets that are revised by adding a new quarterly budget to replace the quarter that just elapsed are called:

Natali [406]

Budgets that are revised by adding a new quarterly budget to replace the quarter that has just elapsed are called rolling budgets.

<h3 /><h3>What is rolling budget?</h3>

It corresponds to a more flexible and adaptable type of budget, generally used for companies whose business can be more volatile.

It is used continuously and extended, being updated during the period for the addition of new variables in the existing model. This being valid for use in the future budget.

Any type of budget is a necessary tool for organizations to be able to plan the use of their resources in a structured way that is consistent with their needs and objectives.

Therefore, a continuous or rolling budget helps companies adapt to trends, risks and characteristics of a dynamic market that is constantly changing.

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6 0

1 year ago

5. For the following observations, calculate the class width for a histogram.

Soloha48 [4]

Answer:

See Explanation

Explanation:

Given

The histogram

Required

The class width

The question is poorly formatted, as the histogram cannot be read. So, I will answer your question with the attached histogram

The class width is:

$Width = Upper - Lower\ Limits$

Using the first class, as reference:

$Lower\ Limits = 1$

$Upper\ Limits = 4$

So, the class width is:

$Width = 4 -1$

$Width = 3$

6 0

2 years ago

Assume the market basket contains 20X, 30Y, and 50Z. The current-year prices for goods X, Y, and Z are $2, $6, and $10, respecti

Aneli [31]

Answer:

CPI for the current year = 200

Explanation:

Given;

Contents in market basket

20X, 30Y, and 50Z

The current-year prices for goods

X = $2

Y = $6

Z = $10

The base-year prices are

X = $1

Y = $3

Z = $5

Now,

Total cost of market basket in the current year

= ∑ (Quantity × Price)

= 20 × $2 + 30 × $6 + 50 × $10

= $40 + $180 + $500

= $720

Total cost of market basket in the base year

= ∑ (Quantity × Price)

= 20 × $1 + 30 × $3 + 50 × $5

= $20 + $90 + $250

= $360

also,

CPI for the current year = $\frac{\textup{Cost of market basket at current year prices}}{\textup{Cost of market basket at base year prices}}\times100$

CPI for the current year = $\frac{\$720}{\$360}\times100$

CPI for the current year = 200

8 0

3 years ago