Answer: increases the social cost above the private cost
Explanation:
An external cost occurs when the production or consumption of a good or service imposes a cost i.e a negative effect upon a third party who isn't involved in the consumption or production decision.
The increase in the travel time of other drivers on the highway which is caused by Monique's decision is an external cost. If there are external costs in the consumption of a good, it is refered to as negative externalities and the social costs will be higher than the private cost.
<span>Job 1 is a better choice because the annual income after housing is $65,800 but that of job 2 is $64,700.</span>
Answer:
yes
Explanation:
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The answer is when global demand for exclusive and private-label footwear is so far under global plant volume that it will be intolerable for most all companies to cost-effectively operate their plants at full volume for many years to come. If the prediction shows that global demand is far under global volume, then it isn't conceivable for everyone to sell everything. In this circumstance the most liquid and solvent company will appear ahead, maybe a company could hold onto volume and ferociously hold onto market share.
