<span>A demand curve represents the relation between different prices of a commodity and its varying quantities purchased by people at different prices. As a general rule, the more the price, the less the demand. In the scenario described in the question, the demand curve shows the number of tickets that will be purchased at various prices. Ticket is the commodity here and the people who purchase the tickets represent demand.</span>
<u>Answer:</u> a. Negative externality
b.Positive externality
c.Positive externality
d.Positive externality
e.Negative externality
<u>Explanation:</u>
Positive externatility are the advantages which the people enjoy apart from the marketplace for which they do not pay any money. Negative externality means negative consequences faced by the people outside due to the activities of the firm.
A.In the scenarios given above when resource are over allocated the public resources are depleted and creates negative externality .
B. Tammy's case by raising garden increases the value of the public property which is positive externality.
C.Market demand is low so prices are low it is positive externality..
D.When resource are under allocated the public resources are not depleted and creates positive externality .
E. Water pollution affects public and creates negative externality . .
Answer:
It belongs to Alma because Susan abandoned it and Alma took possession of it
Explanation:
By common law, Alma is a person who has found an abandoned property and she may claim it. To do this, she has to take some definite steps to show her claim. Alma can claim this abandoned piece of chair by taking it into her house, or by placing a sign on it to show that she now owns it.
If Susan was to take this to court, the court would determine the kind of item and where it was found to determine if Alma has a right to it. But since it was found in a dump site she now has the right to it.
Mike could leave lon behind, walk lon home, offer to pay for a taxi or finally he could stay with him.
Answer:
False.
Explanation:
Accounting systems that use standards for product costs are standard cost systems.
In Financial accounting, various business firms or companies use the standard cost systems to determine the variances or differences between the actual (real) cost of goods produced and the estimated cost for the goods that were produced by the company.
Hence, standard cost systems are used by business firms or companies as a strategic tool or technique for the management and control of costs, budget planning, and analyzing cost management performance at a specific period of time.
