Answer:
C. the market demand curve understates the relative importance of the product and resources are therefore underallocated to its production.
Explanation:
Positive external benefits refer to third party positive side effects, above & beyond private marginal benefit to the concerned consumer.
Eg : Education - Its consumption not only affects the concerned person, but the positive trickle down to the people & society around.
Personal consumption decisions are based on : equalisation - of private marginal benefit (demand) curve & private marginal cost curve. However, goods having positive external benefits have real marginal benefit curve increased over private benefit curve, by the extent of extra marginal social benefit.
So, market demand (based on private marginal benefit) curve understates the importance of product, and resources are therefore underallocated to its production (due to undervaluation of demand).
Answer: The answer is provided below
Explanation:
Hudson had negotiated the check to Bishop with the full knowledge on the existing claim by Ripley that the solar panels installed by him were not been in working condition could be due to a fault at his end and he had not discharged his part of the contractual obligation for being entitled to the payment.
Based on the National Check Fraud Center, the payee can only sue the drawee who is Ripley if the underlying obligation for which the check is given is extinguished. Since Hudson had failed to discharge his part of his obligation for receiving the check from Ripley, Bishop cannot sue Ripley for dishonoring the check.
Answer:
as they prevent further spreading of the virus. vaccinations create phagocytes which will ingest the virus cells. and self isolation will prevent the virus (which are droplets) from passing onto one another.
Answer:
The bond's carrying amount is $68,350
Explanation:
Data provided in the question:
Balance in Bonds Payable account= $72,000
Balance in the Discount on Bonds Payable account = $3,650
Now,
The Bond's carrying amount is calculated as:
Bond's carrying amount
= Balance in bonds payable account - Balance in discount payable account
= $72,000 - $3,650
= $68,350
Hence,
The bond's carrying amount is $68,350