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Anna71 [15]
3 years ago
5

Determine whether each of the following goods is a private good, a public good, a common resource, or a club good. Private Good

Public Good Common Resource Club Good A stationary bike in a fitness room that is open to the public A large, beautiful statue in a town square A new Ferrari that you use to drive your friends around town
Business
1 answer:
sineoko [7]3 years ago
6 0

Answer:

COMMON RESOURCE

PUBLIC GOOD

PRIVATE GOOD

Explanation:

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Assume that an economy produces only two goods, pizza and wings, and that it is producing on its production possibilities fronti
Nana76 [90]

Answer:

Growth in labor force

Improved pizza-making technology

Explanation:

Production possibilities frontier (PPF) is the various ways or possible ways (combination) whereby two goods that can be produced in a certain period of time under the conditions of a given state of technology and well equipped resources. Productive efficiency of a goods is the condition where the maximum output is produced with the already laid down resources and technology available. It is said to be a curve that depicts the maximum quantity of one good that can be produced for each maximum number or quantity of another good produced.

3 0
3 years ago
Suppose that the U.S. government deficit​ decreases, causing interest rates in the United States to fall relative to those in th
snow_tiger [21]

Answer:

A) Demand would increase

Explanation:

Interest rates and demand are inversely related, that is to say, if interest rates rise, demand decreases, and if interest rates go down, demand goes up.

The reason for this is that a lower interest rate means that loans are cheaper. As loans are cheaper, investments increase, and more investment means more aggregate demand because investment is one of its components.

8 0
3 years ago
Christina buys groceries every month from Target and rarely does much research on the products she buys. What is the marketing t
Neporo4naja [7]

People do have preference. Routine response behavior is the marketing term for this type of consumer behavior.

<h3>What is consumer behavior?</h3>

Consumer behavior is known to be the study of how people, customers, groups, etc., often select, buy, or use goods, and services to answer to their needs and wants.

Routine Response is also known as Programmed Behavior. Here one is buying low cost items and as such one do not need much search and decision effort.

Learn more about  consumer behavior from

brainly.com/question/1364759

5 0
3 years ago
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production
xeze [42]

Answer:

Units Transferred Out $ 663750

Work In Process Ending $ 30440

Direct Materials Costs  $ 11.5 per EUP   Conversion  Costs$6.2 per  EUP

Explanation:

Ashad Company

Weighted Average Method

Cost Of Production Report

Equivalent Units of Production

                                                      Direct Materials           Conversion

Units transferred out                       37,500 EUP                 37,500 EUP

<u>Units of ending work in process      2,000 EUP                    1,200 EUP</u>

<u>Equivalent units of production          39,500 EUP                38,700 EUP</u>

Costs Added

                                                    Direct Materials           Conversion

Costs of beginning work in

process                                               $13,450                    $1,860

<u>Costs incurred this period               440,800                      238,080</u>

<u>Total costs                                       $454,250                   $239,940 </u>

<u />

Costs per EUP

                                                Direct Materials           Conversion

                                $454,250/ 39,500 EUP         $239,940/38,700 EUP

                                     =  $ 11.5 per EUP                        = $6.2 per  EUP

Dividing the costs with EUP gives cost per EUP.

Costs Accounted For

Units Transferred Out $ 663750

Materials = $ 11.5 * 37500=$  431250

Conversion= $ 6.2 * 37500=$ 232500

Total = $ 663750

Work In Process Ending $ 30440

Materials = $ 11.5 * 2000=$  23000

Conversion= $ 6.2 * 1200=$ 7440

Total = $ 30440

Now adding the costs of Transferred out units and the ending work in process inventory equals the total of the costs added.

$ 663750+$ 30440 = $454,250 + $239,940

$ 694190 = $ 694190

8 0
3 years ago
Which of the following describes the substitution effect of a price change?A) The change in demand that results from a change in
Liula [17]

Answer:

The answer is D. The change in quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods, holding constant the effect of the price change on consumer purchasing power

Explanation:

Substitution effect is a concept in which, as the price of a good or service increases, less of the good or service is substituted for other less expensive.

For example, if the price of Pepsi were to rise, the substitution effect would cause the consumer to buy less of it and substitute more coca-cola for now relatively more expensive Pepsi.

Option A. is wrong because we are talking about the quantity demanded and not just demand. (Please take note).

6 0
3 years ago
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