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IceJOKER [234]
3 years ago
12

Suppose external benefits are present in a market which results in the actual market price of $14 and market output of 150 units

. How does this outcome compare to the efficient
Business
1 answer:
9966 [12]3 years ago
5 0

Answer:

The efficient outcome would be greater than 150 units.

You might be interested in
Which pricing policy do you think would be best suited for a small business introducing a new line of clothing and accessories?
EastWind [94]

Answer:

I think that a small business introducing a new line of clothing and accessories should use the penetration pricing policy. The penetration pricing policy prices their products very low to start out with to try and distract competitors from there competition and towards them.

Explanation:

Hope that helps!

4 0
3 years ago
Pressure with Two Liquids, Hg and Water. An open test tube at 293 K is filled at the bottom with 12.1 cm of Hg, and 5.6 cm of wa
Radda [10]

Answer:

1170839.28 dyn/cm^2

16.9816 psia

117.083928 kN/m^2

Explanation:

To calculate the absolute pressure in the bottom of tube we need to sum the atmosferic and gauge pressure.

P_{abs}=P_{atm}+P_G

And the gauge pressure is given by the contributions of columns of water (P_{w}) and mercury(P_{Hg}), we can calculate the contribution of each column as:

P= \rho g h (*)

where \rho is the respective density, g gravity and h is height.

So we have all the data required to use the above equations (P_{atm}, height and density of each column) we only need to be carefully with the units.

For simplicity we can to express all pressure contributions in mmHg ( P_{atm}, P_{w} and P_{Hg}). Note that the units "x" mmHg  means the pressure at the bottom of a column of mercury of "x" mm high. For example, in this case we have a column 12.1 cm of Hg, that is a column of 121 mmHg (passing from cm to mm only requires multiply by 10) pressure exerted by that column is 121 mmHg.

Now pressure of 5.6 cm (56 mm) of water would be 56 mm of water, but it is not the same that mmHg, since the density of water is lower, the pressure exerted by 1 mm of water is lower than the exerted by 1 mm of Hg. The conversion between mmHg and mm of water is given by the relation between the densities.

mmHg=\frac{\rho_w*mmH_2O}{\rho_{Hg}}

mmHg=\frac{0.998*mmH_2O}{13.55}=0.0737 mmH_2O

And pressure of water in mmHg is

0.0737*56=4.1246 mmHg

The absolute pressure is:

P_{abs}=P_{atm}+P_G= 756 + 121 + 4.1246  = 881.1246 mmHg = 88.11246cmHg

To pass to dyn/cm^2 units we need to use the equation (*)

P= \rho g h = 13.55 \frac{g}{cm^3} * 980.665 \frac{cm}{s^2} * 88.11246 cmHg = 1170839.28 \frac{g}{cm s^2} = 1170839.28 \frac{dyn}{cm^2}

Note: We need to use cm Hg for units coherence

Now passing from dyn/cm^2 to kN/m^2 (or kPa) we need to consider that 1 dyn is 10^{-8} kN and 1 cm^2 is 10^{-4} m^2.  

1170839.28 \frac{dyn}{cm^2} * \frac{10^{-8}kN}{1 dyn}*\frac{cm^2}{10^{-4}m^2}=117.083928kN/m^2

Now passing kN/m^2 to psia. We need to consider that 1 psia is 6.89476.

117.083928kN/m^2*\frac{1psia}{6.89476kN/m^2}=16.9816 psia

 

8 0
3 years ago
Fishing Adventures rents small fishing boats to tourists for day­long fishing trips. Each boat can only carry 1500 pounds of peo
galben [10]

Answer:

Who want to rent a boat? 8 person

Explanation:

Carry  1500 pounds    

Carry  200 pouns      

Average  150 pound /person    

Additional10 pounds/person    

     

1500-200=150x +10x

         1300=160x    

        x=1300÷160    

        x=8,12  

 8 person Aditional Gear  

 150          10  

 8           8  

 1200 80            200 1480

8 0
3 years ago
Which of the following is a period during which aggregate output, as measured by real GDP, declines
Klio2033 [76]

Answer:

D. Recession

Explanation:

Aggregate output in an economy declines during a recession. This is because economic activities are declining. When such occurs GDP declines. This is different from stagflation in the sense that during a recession, only real GDP declines. However, in a stagflation, the fall in GDP also results to the increase in inflation. During recessions, economic activities are low so is price level.

4 0
1 year ago
Certain contracts, such as those involving the sale of personal property for $500 or more:_______.
djverab [1.8K]

Answer:

B. Must be written to be enforceable

Explanation:

In the United state, sale of personal property for $500 or more must be written to be enforceable. These kind of contracts are said to be within the statute of fraud.

These types of contracts are called Sales contracts which is an agreement between the buyer and seller. For the amount of money involved, a written contract provides security and peace to the mind of all those involved in the contract, hence why deals above $500 must be written to be enforceable.

8 0
3 years ago
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