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irina1246 [14]
2 years ago
6

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 clock in a town square A new drum set for you to play in your friend's band
Business
1 answer:
cupoosta [38]2 years ago
5 0

Answer:

Common Resource

public good

private good

Explanation:

A club good is a type of public good. It is excludable but non-rivalrous. For example paid streaming services are an example of a club good. Those who do not subscribe are excluded from using the service. But all subscribers have equal assess to the service

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the clock does not means another person cannot enjoy the view of the clock

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the drum set and those you allow that can use the drum set.

A common resource is a good that is non excludable but rivalrous. The bike in the fitness room is an example. Because the gym is open to anyone, it is non excludable. Only one person can use it at a time, thus it is rivalrous

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A
A lot of Money in that business
4 0
3 years ago
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Indirect competition includes goods or services which are: a.closely priced. b.indirectly distributed. c.similar. d.substitutes.
AURORKA [14]

Answer:

Substitutes

Explanation:

Competition in business occurs when a two companies produce and sell similar product.  It is further grouped into direct and indirect competition.

While direct competition occurs between companies producing almost the same products , for example breweries producing beers , indirect competition happens between companies selling goods that are not directly similar but can also be used to achieve the same purpose if the other good is not available. Indirect competitors always have a way of sharing or winning over potential customers.

5 0
2 years ago
Jacob needed money for some unexpected expenses, so he borrowed $5,890.25 from a friend and agreed to repay the loan in seven eq
Anna11 [10]

Answer:

OPTION C i.e 11%

Option A i.e 30.55 year

Explanation:

we know that capital can be calculated as

Capital = EMI \times PVIFA

capital = EMI \times \frac{(1+r))^n -1}{r (1+r)^n}

from the data given in question we can calculate the value of r

so

5890.2 = 1250 \times \frac{(1+r))^7 -1}{r (1+r)^7}

4.7122 = \frac{(1+r))^7 -1}{r (1+r)^7}

solving for r we get

r = 11%

option C

we know that

Total\ saving  =  cash flow \times FVIFA

                      = Cash\ flow \times \frac{(1+r)^n -1}{r}

from the data given we can evealueate the value of n

8,452,622 = 40,000 \times \frac{(1.11)^n -1}{0.11}

\frac{8452622}{40000}\times 0.11 = (1.11)^n -1

solving for n we get

n = 30.55 year.

Option A

4 0
3 years ago
Which of the following marketing budgets is based on marketing tasks? A. Bottom-up B. Customer-mix C. Percent-of-sales D. Top-do
Hunter-Best [27]
<h2><u>Answer:</u></h2>

The correct option is A (Bottom-Up)

<h3><u>Explanation:</u></h3>

As indicated by Theoretical Synthesis, "when an upgrade is displayed short and lucidity is unsure that gives an ambiguous boost, discernment turns into a best down methodology." Conversely, brain research characterizes base up handling as a methodology wherein there is a movement from the individual components to the entirety.  

Bottom Up Strategic Management. With a best down key methodology, the official group of the business sets up plans and objectives, and afterward imparts that system to center supervisors, who at that point move toward becoming entrusted with executing that procedure through general population representatives.

8 0
3 years ago
Lucretia finds herself caught between loyalty to her employer on the one hand and loyalty to a friend who works in her office on
antiseptic1488 [7]

Answer:

conflict of loyalty  

Explanation:

In simple words, conflict of loyalty refers to a specific type of situation  in which an individual faces a conflict of interest due to having loyalty towards two different parties which have different goals and objectives.

This scenario usually happens when someone in authority has to make a decision that can affect party he or she have personal relation or with the other party with with which that individual have a professional relation.

As per the modern theories, under such scenarios, individual in authority should favor professional relations over personal relations.

8 0
3 years ago
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