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faust18 [17]
3 years ago
9

Which of the following is true regarding externalities? Group of answer choices Externalities can only be corrected with governm

ent regulation. Externalities always involve external costs. Externalities occur when the actions of an individual or group spill over onto others, without their consent. Externalities generally enhance the rate of economic growth.
Business
1 answer:
Valentin [98]3 years ago
5 0

Answer: Externalities occur when the actions of an individual or group spill over onto others, without their consent.

Explanation:

By definition, an Externality is the effect of an action by an individual or group that spills over onto third parties without their consent.

Externalities can be either negative or positive. A positive externality for instance would be bees from a bee farm pollinating flowers in the environment.

A negative externality would be air pollution from China for instance contributing to global warming effects experienced in Northern Africa.  

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Shortly after recording street survivors, this group was involved in a fatal plane crash:
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<span>Street Survivors was the fifth studio album of the rock group Lynyrd Skynyrd, recorded in 1977. In October of that year, a small plain carrying members of the band as well as managers and support personell, crashed near Gillsberg, Mississippi. Lead Vocalist Ronnie Van Zant, guitarist Steve Gaines, and backup vocalist Cassie Gaines were among the six killed.</span>
3 0
4 years ago
Grace is president of Mayweather Farm, one of the largest pork producers in the U.S. A business consultant tells Grace that if s
gizmo_the_mogwai [7]

Answer:

Explanation:

Milton Friedman had the belief that businesses has only one social responsibility and this involved the engaging in economic activities and using available resources that can cause increments in profits. Simply put Friedman believed that making profits should be the goal of businesses. And people should use resources they have available to increase their profits.

Following this, it would be advisable for Grace to follow the business consultants advice of injecting the pigs since it would then cause her less to run The business and still increase the gross profit from the farm by 20 percent more each year. This means an increment in profits.

3 0
4 years ago
Which of the following best describes an opportunity cost:
MissTica

Answer:

The answer is A.

Explanation:

Opportunity cost is the cost of an action that was not chosen or selected. It is also the cost of alternative forgone. For example, Mr A has two choices - taking employment of $20,000 per annum or being self-employed (setting up a farm that will generate $25,000 per annum). He decides to go for farming. The opportunity cost here is the cost of taking the employment ($20,000).

Opportunity cost is relevant in decision making. Companies use opportunity cost when making strategic or tactical decisions. There must be an alternative to every decision which must be considered before making a decision.

Though opportunity cost is a relevant cost but it is never shown on financial statement. It is never part of financial records.

3 0
3 years ago
which one of Porter's generic strategies is achieved by constructing efficient, large-scale facilities
11Alexandr11 [23.1K]

Answer: Overall Cost Leadership

Explanation:

Porter posited that one way a company can attain a competitive advantage in an industry is by overall cost leadership.

This means that the company needs to be able to produce goods and services in a cheaper and more efficient way than its competitors because then it can sell its products for cheaper prices and capture more market share.

One way of achieving cost leadership is by constructing efficient, large-scale facilities that will enable the company to take advantage of economies of scale and achieve less costs per unit.

6 0
3 years ago
Joi, working at a research facility in Washington, DC, needs to communicate with Jesús, who is in Mexico City, about a project t
PIT_PIT [208]

Answer:

The correct answer is B that is physical barrier

Explanation:

Physical barrier is the kind of barrier which is comprise of the natural and environmental condition, act as a barrier or fence in communication while sending the message from the sender to receiver.

In this case, Joi wants to communicate to Jesus regarding a project, on which they will be working on. But still facing the problem while communication. So, it is a barrier which is physical.

6 0
3 years ago
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