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Ivanshal [37]
3 years ago
14

For each of the goods, identify the characteristics that describe each good. Note that each good will be described with two char

acteristics. Rivalrous is also referred to as rival in consumption. Consider only the immediate benefits and costs, not any externalities.
Business
1 answer:
Dimas [21]3 years ago
8 0

Answer:

The correct answers are:

1. Nonexcludable, nonrivalrous

2. excludable, nonrivalrous

3. excludable, rivalrous

4. excludable, rivalrous

5. excludable, rivalrous

6. excludable, rivalrous

Explanation:

A good is excludable when ordinary people haven't paid for it can be prevented from using that good. It becomes a rival if the consumption of a person in that good diminishes another one's consumption of it. Rivalry and excludability are related. A very simple example of it is when an apple cannot be shared with an unlimited number of people.

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Wild Plus, a television channel dedicated to wildlife, wanted to promote its new wildlife adventure series. The series received
MA_775_DIABLO [31]

Answer:

D. public relations

Explanation:

Public relations refers to the different approaches a company uses to disseminate information about its products and services to its customers and other stakeholders. Public relations involves crafting unique and catchy communication and using the media to and other mediums to create and sustain a strong brand image to the target audience.

An organization does not pay for public relations messages. It engages or participates in publicized events.  The media and medium attending the events pick and publish positive messages about the organization.

Public relations is all bout creating a good reputation in society. Organizations engage in charitable works or sponsors events as public relations events.

4 0
3 years ago
A microeconomist might study which of the following? how inflation changes over time for several countries how money supply aggr
Anastaziya [24]

Answer:

why wages for females are lower than for males in a particular labor market

Explanation:

Economics is the study of how people decide and how these decisions affect the world around them. Microeconomics focuses on particular markets, individuals and organizations, whereas macroeconomics focuses on the entire economy.  

Response is “ why wages for females are lower than for males in a particular labor market” because there the micro-economist would focus on a particular market: the labor market, and tries to understand the wage gap between female and male workers.

The remaining options focus on large scale factors on a “macro” level and thus do not pertain to the study of “micro”economics .

8 0
4 years ago
Helio Company has two products: A and B. The annual production and sales of Product A is 1,850 units and of Product B is 1,250 u
iren2701 [21]

Answer:

Estimated manufacturing overhead rate= $77 per direct labor hour

Explanation:

Giving the following information:

Production:

Product A: 1,850 units

Product B: 1,250

Hours required:

Product A: requires 0.3 direct labor-hours per unit

Product B: requires 0.6 direct labor-hours per unit.

The total estimated overhead for the next period is $100,485.

First, we need to calculate the total amount of direct labor hours required:

Total direct labor hours= 0.3*1,850 + 0.6*1,250= 1,305 hour

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 100,485/1,305= $77 per direct labor hour

4 0
3 years ago
On January 1, 2021, Ravetch Corporation’s projected benefit obligation was $51 million. During 2021, pension benefits paid by th
nevsk [136]

Answer:

$67.1 million

Explanation:

Given that,

Projected benefit obligation at the beginning of 2021 = $51 million

Service cost = $18 million

Retiree benefits  = $7 million

Projected benefit obligation at December 31, 2021:

= Beginning of 2021 + Service cost + Interest cost - Retiree benefits

= $51 million + $18 million + (10% × $51 million) - $7 million

= $51 million + $18 million + $5.1 million - $7 million

= $67.1 million

3 0
3 years ago
John Maynard Keynes believed that wages may be inflexible in the downward direction. Consequently, an economy Question 3 options
Nuetrik [128]

Answer:

An economy could get stuck in a recessionary gap

Explanation:

Keynes believed that wages may be inflexible in the downward direction and which would consequently cause an economy to get stuck in the recessionary gap. The recessionary gap happens when a country's real GDP is lower than it's gross domestic product at a state of full employment. It shows the difference between the actual and potential production in an economy. But with the actual being smaller or lower than the potential production.

3 0
3 years ago
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