Hello! Public goods are goods that are 1) non-rivalrous and 2) non-excludable. Non-rivalrous means that continuous consumption of these goods will not diminish its quantity for other consumers while non-excludable means that consumers (regardless of whether or not they paid) cannot be excluded for consuming the good. Software is an example of a public good.
Now, because of the non-exclusion nature of these goods, private firms will have the free-rider problem (those consumers who use the good without paying). Because of the non-rivalrous nature they are also bound to have a huge demand and therefore they will have a tendency to underproduce hence these goods will be unprofitable.
Lastly, since not all is bound to pay for these public goods, the price system cannot assign the cost to all consumers.
This leaves us with choice D as the only reason why private firms do not produce public goods.
ANSWER: D. the government refuses to grant subsidies to firms who provide public goods
Answer:
Several factors are driving Kristina’s and Andrew’s business decisions. Here are a few:
tax rates
availability of labor
distance to a major airport
access to highways
transportation infrastructure
Explanation:
The cost of a hard drive installed in a computer is option B direct materials cost.
<h3>What is d
irect materials cost?</h3>
Direct material cost can be described as the cost of the raw materials as well as the components that is been utilized in the creation of a product.
Therefore, The cost of a hard drive installed in a computer is direct materials cost , and the direct material cost serves ad the physical items that is been absorbed into the product and it is been used in the accounting which do help in making the financial analysis that is needed in the company, for instance a baker must include the cost of flour as well as other items needed for baking.
Therefore, option B is correct.
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Answer:
The correct answer is A
Explanation:
Market research is the research which is a scientific study and it is performed in order to collect the important market information, enable the business to make the right decisions.
The collection of the data in the marketing research is defined as the detailed as well as informative procedure, in which the planned search for the all the relevant data that is made by the researcher.
So, the categories which are used for the data that marketing researchers usually collect are behavior, attitudes and intentions.
Answer:
the buyer document is a contract documents