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34kurt
3 years ago
14

The consequences of decriminalizing illegal drugs have long been debated. Some claim that legalization will lower the price of t

hese drugs and reduce related crime. Others claim that more people will use these drugs.
Suppose that some of these drugs are legalized so that anyone may sell and use them. Now consider the two claims that price will fall and quantity demanded will increase.
a) Based on positive economic analysis, are these claims sound? Give reasons to support your answer.
Business
1 answer:
stellarik [79]3 years ago
5 0

Answer:

These claims are definitely sound due to the fact that whenever any demanded thing is sold privately or illegally, the price of that particular thing is always higher.

Hence, when the drugs are legalized , this means that anyone can purchase them from several location, hence, this will reduce the price of the drug as it will now be common and will increase the quantity demanded of the product as well because the people who once were not able to afford that drug due to being expensive, can now easily afford it.

Good Luck

Hope this clear things up.

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Assume that you own an investment that will pay you $15,000 per year for 12 years, with the first payment today. You need money
vlabodo [156]

Answer:

the rate of return is 8.41%

Explanation:

given data

Present value = $120,000

Future value = $0

PMT = $15,000

NPER =12 years

solution

We will applied the rate formula that is.

The NPER  reflects the time period.  

and formula is that

NPER = Rate(NPER;PMT;-PV;FV;type)

so we get here

the rate of return is 8.41%

8 0
3 years ago
What do economists mean by​ scarcity? A. Economists mean that trade is not possible. B. Economists mean that unlimited wants exc
Stels [109]

Answer: Option A

Explanation: Scarcity refers to the situation when there is limited availability of a commodity. This term is usually used for the natural resources like coal, drinking water etc.

In economics it refers to the situation when there is not limited quantity of resources available for fulfilling the market demand. Scarcity deals with the problem of limited resources in nature and unlimited wants of the population.  

Hence, from the above we can conclude that the correct option is A.

6 0
3 years ago
"What are the real flows and money flows that run between​ households, firms, and governments in the circular flow​ model? The r
Shkiper50 [21]
C. The services of factors of production; factor



7 0
3 years ago
Read 2 more answers
The two main types of e-commerce are
ivann1987 [24]

Answer:

B2B (Business to business) and B2C (Business to consumer)

8 0
3 years ago
Night Shades, Inc. (NSI), manufactures biotech sunglasses. The variable materials cost is $11.13 per unit, and the variable labo
dolphi86 [110]

Answer:

Part a. What is the variable cost per unit?

Variable Cost per Unit is $ 11.13+ $ 7.29 = $18.42

Part b. What are the total costs for the year?

Production for the year is 190000 units

Calculation of Total Production = Variable costs + Fixed Costs

                                                       = 190000 units × $18.42 + $875,000

                                                       =$ 4,374,800

Part c. If the selling price is $44.99 per unit, does the company break even on a cash basis?

The Company Breaks Even when

Total Sales Revenue = Total Production Costs

Total Sales Revenue = $44.99 × 190000

                                    = $ 8,548,100

Total Sales Revenue $ 8,548,100 > Total Production Costs $ 4,374,800

Therefore Company does break even on a cash basis

Part c. If depreciation is $435,000 per year, what is the accounting break-even point?

Total Production Costs = $4,374,800+$435000

                                       = $4,809,800

Therefore accounting break-even point is $4,809,800 Sales

Explanation:

Part a. What is the variable cost per unit?

Variable Cost are costs which Vary with the level of Activity.

Part b. What are the total costs for the year?

Calculation of Total Production Costs= Variable costs + Fixed Costs                                                  

Part c. If the selling price is $44.99 per unit, does the company break even on a cash basis?

Break-Even Point is the Point when the company neither makes a profit or a loss

Total Sales Revenue $ 8,548,100 > Total Production Costs $ 4,374,800

Therefore Company does break even on a cash basis

Part c. If depreciation is $435,000 per year, what is the accounting break-even point?

In simple terms the break even point in Sales Revenue is equal to all Variable plus fixed costs

5 0
3 years ago
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