Answer: D. Benefits are hard to measure.
Explanation: Public Provision is the provision that is financed through the budget and can be used without any direct payment is called public provision. Public provision can be obtained without any direct payment. Public Production: When goods are produced directly by the government is called public production.
Other public goods problems can be solved by defining individual property rights in the appropriate economic resource. Cleaning up a polluted lake, for instance, involves a free-rider problem if no one owns the lake. The benefits of a clean lake are enjoyed by many people, and no one can be charged for these benefits.
Answer:
d.after the income statement and before the balance sheet
Explanation:
The retained earning statement is to be prepared after preparing the income statement so that the profit or loss what would be calculated the same is to be used for computing the ending balance of retained earnings
The formula is shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
Hence, d option is correct
Answer:
Adaptations by the licensee to fit local tastes.
Explanation:
It does not include that the “ adaptations by the licensee to fit local tastes” because the licensing is the process through which a person gets permission to work within the industry. Moreover, if a person gets the license to work in a certain market place then it does mean that it will be successful. To fit in the local taste requires other factors except the licensing.
Answer:
E. Its marginal cost is $6.00, and its average variable cost is $5.50.
Explanation:
Given that
Output = 100 unit
Total revenue = $600
Fixed cost = $50
Marginal revenue = change in total revenue/change in output
= 600/100
= $6.00
But in a perfectly competitive firm, the profit maximizing choice occurs where Marginal revenue = marginal cost.
Hence, Marginal cost = $6.00
Since fixed cost = 50,
Variable cost = 600 - 50
= 550
Average variable cost = variable cost/output
= 550/100
= $5.50
Answer:
Yes
Explanation:
Yes, this is normally a good investment for a company but some factors do need to be considered. The first one being, whether or not the product/service you are going to promote has a customer base within the population of visitors to the stadium. If so, then you need to consider how big this targeted audience is and if a small portion of these individuals purchases your product will it cover the costs of the investment. On average, a stadium holds roughly 70,000 individuals, multiply this by the number of events in the stadium during the time period of your ad and you can get an idea of the number of individuals that will be exposed to your ad and whether or not it is worth it for the company. Yet, on average it is usually a good investment.