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Nat2105 [25]
3 years ago
8

consider in the market for fire extinguishers that there is an external benefit of $10 per extinguisher. What type of externalit

y exists; describe a government policy that would yield a socially efficient outcome?
Business
1 answer:
-Dominant- [34]3 years ago
3 0

Answer and Explanation:

To internalize the externality a government should provide a subsidy equivalent to the additional benefit or externality given by the product.

So for the external benefit of $10 received by the society, government should give a $10 subsidy to the buyers of fire extinguishers. This shifts the demand curve towards its right giving Optimum.

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Question 20 poin
DIA [1.3K]

Answer:

true

Explanation:

yes it would decrease

8 0
3 years ago
Elliston company accepted credit card payments for $10,000 of services provided to customers. the credit card company charges a
Nastasia [14]

To solve this question, take 3% of $10,000 to see what the increase would be:

$10,000 x 3% = $300

There is an increase of $300 due to the 3% credit card processing fee that the credit card company is imposing on Elliston.

8 0
3 years ago
It is theorized that the price per share of a stock is inversely proportional to the prime​ (interest) rate. In January​ 2010, t
Zanzabum

Answer:

price per share in March is $96

Explanation:

given data

January price per share = ​$193.04

January prime rate = 2.75%

march prime rate = 5.50​%

to find out

What was the price per share in March

solution

we know that here price is proportional to prime rate

Price ∝ \frac{1}{rate}   ........1

so price = k ×  \frac{1}{rate}      ...............2

k is constant here

so put all value for january

193.04 = k ×  \frac{1}{2.74%}

k = 5.28

so for  march price per share will be by equation 2

price = 5.28 ×  \frac{1}{5.50%}

price = 96

so  price per share in March is $96

3 0
3 years ago
A firm has a stock price of $59.50 per share. the firm's earnings are $85 million, and the firm has 20 million shares outstandin
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7 0
3 years ago
Reality, Inc. is a major producer of reality television shows. The company faces fierce competition from three other major produ
jarptica [38.1K]

Answer:

OLIGOPOLY

Explanation:

If Reality, Inc. is a major producer of reality television shows and the company faces fierce competition from three other major producers of similar shows. If together, Reality, Inc. and its three rivals control almost all of reality television. Their market environment is called Oligopoly

Oligopoly can be defined as a market environment or structure where a small number of firms control the market; none of which can keep the others from having significant market share or influence.  

It can also be said that Oligopoly is a collusion of a small number of firms, either explicitly or tacitly, to fix prices or control quantity supplied, in order to achieve above normal market returns.

6 0
3 years ago
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