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3 years ago

Why is the market demand curve for public goods calculated as a vertical summation of individual demand curves?

Business

1 answer:

never [62]3 years ago

8 0

Answer:

Explanation:

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue. The demand curve for public goods is summed vertically because all individuals can consume every unit of the good at the same time.

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the ferrari and those you allow that can use the ferarri.

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Taking into account recent technological developments what technical advances do you think are possible in the next twenty years

9966 [12]

Answer:

1. Automation and robotics

2. Hyperloop and autonomous vehicles

3. Smart drones

4. Virtual reality learning

5. Space vacation (tourism)

Explanation:

1. Automation and robotics: This will continue to transform the manufacturing sector in various ways with use of Internet of Things (IoT), learning though data collection and analysis, there will be a general increase in robotic integration.

2. Hyperloop and autonomous vehicles: pneumatic tube that uses a series of linear induction motors and compressors to propel vehicles at super fast speeds. Hyperloop’s technology will be the future of long distance travel in the world. Also, autonomous vehicle technology will become a safer alternative to human driving.

3. Smart drones: The use of drones for delivering parcels, Medicine, Pizza, and all types of goods is receiving large investment from Google, Amazon, Walmart and so on. Drones will be the future of delivering items in future.

4. Virtual reality classrooms and meetings: This is a technological advancement that will provide an engaging and immersive experience in learning and other virtual meetups without leaving ones current environment.

5. Space vacation (tourism): This will give opportunity to the members of the public to buy tickets(return tickets) to travel to the space and probably stay for a given period. With the help of companies like Spacex, Orbital Technologies etc, space tourism is becoming a realistic target.

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3 years ago

Which of the following statements is correct?

kirza4 [7]

Answer:

Explanation:

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3 years ago

Which of the following help to build credit? Opening a bank account Employment stability A college degree Good rental history De

vladimir1956 [14]

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3 years ago

Colby Corporation has provided the following information Operating revenues from customers were $199,700. ·Operating expenses fo

topjm [15]

Answer:

d. $46,800

Explanation:

Operating revenues $199,700

Less:

Operating expenses $111,000

Operating Profit $88,700

Less:

Interest expense $9,200

Income tax expense $36,000

Net Income $43,500

Add:

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Vladimir [108]

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4 years ago

Read 2 more answers

Why is the market demand curve for public goods calculated as a vertical summation of individual demand​ curves?

Why is the market demand curve for public goods calculated as a vertical summation of individual demand curves?