Answer: B. the social benefit from consuming the good to be greater than the private benefit.
Explanation:
A POSITIVE EXTERNALITY is one where the benefits are enjoyed by a third party as a result of an economic transaction.
Even though the third parties can be considered to be freeloaders, this externality is encouraged because it has such a larger social benefit which surpasses even private benefit.
For example, a student graduating from a university with skills they learnt there and contributing to society.
Open your e-mail program and launch a new message window by clicking on the appropriate icon. In the TO box, type the name of the recipient. Type the subject of the e-mail. Write your message in the message window. Click the Send icon or select Send from the File menu and off it goes.
Answer:
Advertising campaign that will be best suited is by inviting kids to the restaurant and arranging free of cost activities like drawing competition or similar and give free KidZa meals to the winners. This is where children will give attention to the newly launched meal and doll shaped chef will appeal them to buy the meal. There can be advertisements on television which will seek attention of the kids at home. There can be stalls placed at various schools to familiarize kids with restaurant and give free discount vouchers which will force them to pay a visit at the restaurant.
Explanation:
Marketing strategies for the kids is very different than the adults. The adults usually analyze cost benefit whereas kids just choose a product if it looks good and colorful. The kids decide to buy a product when it appeals them. The doll as a gift is a great feature that will appeal kids to buy the meal.
Answer:
spendflation/deflation/stagflation
Explanation:
The situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.
Answer:
$0.35
Explanation:
The computation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
So, Change in quantity demanded would be
= Q2 - Q1
= 40 - 30
= 10
Now, Average of quantity demanded
= (40 + 30) ÷ 2
= 35
Change in price
= P2 - P1
= $35 - $15
= $20
And, the average of price would be
= ($35 + $15) ÷ 2
= $25
Cross price elasticity of demand = (10 ÷ 35) ÷ ($20 ÷ $25)
= 0.28 ÷ $0.8
= $0.35