Answer:
The correct option is C,overproduce, external cost
Explanation:
Externalities are benefits or disadvantages caused to third parties from the production of a product or rendering of a service.
Externalities can result from positive or negative production as well as positive or negative consumption.
Negative externality refers to harm not benefit, which stems from overproduction because the higher the level of production or consumption the higher the negative impact.
A typical example is the harmful substance released into the atmosphere from burning fossil fuels which impacts the life of peoplr in a negative way.The external cost in this instance is the cost medicare required to take of affected persons that is not included in the price of the good sold
Answer:
Ending inventory= $119,000
Explanation:
Giving the following information:
Sales (net) $1,450,000
Estimated gross profit rate of 42%
Beginning merchandise inventory $100,000
Purchases (net) 860,000
Merchandise available for sale $960,000
Cost of goods sold= 1,450,000*0.58= 841,000
Ending inventory= 960,000 - 841,000= 119,000
Spiritual beliefs is not a reason some people believe that capital punishment should be abolished.
Answer:
a. production-oriented.
Explanation:
The only consideration of the firm when deciding what to produce is how the plant can run efficiently. They don't consider cost or value of the good to consumers.
Thus, the firm is production-oriented.
I hope my answer helps you
