Colorado not even kidding
Answer:
individuals will tend to become free riders, and private firms will have difficulty generating enough revenue to produce an efficient quantity of the good.
Explanation:
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 statue does not means another person cannot enjoy the view of the statue
The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.
Because a public good is non-excludable, the problem of free rider increases so private firms would be unable to generate adequate revenue
Answer:
Increasing visibility on all procurement stages. You can get access to the reports, documents, payments, workflows anytime. Data Security.
Explanation:
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Answer:
Letter A is correct. <u>TRUE.</u>
Explanation:
This statement is true and supported by the sociological structure of social complexity, which is a concept of analysis of society that reflects the relationship between social behavior through continuous and complex circumstances, such as armed conflicts, emigration patterns and political movements.
This concept supports that human beings are not passive individuals, therefore they search for goals that will improve the quality of life of society, therefore high competition and debates about natural resources will significantly affect the development of government policies, as the sustainability and use of Natural resources are a topic that is widely discussed today, and society increasingly seeks socio-environmental responsibility from organizations and governments, as this is a relevant issue for survival and quality of life. So this issue will influence policy, which is an adaptive and complex system that exists to manage issues that affect society.
Answer:
Highly inelastic
Explanation:
Price elasticity of demand is a measure of the demand of a given service or commodity by utilizing it's price change. It can be calculated using the formula;
Price elasticity of demand=%change in quantity demanded/%change in price
%change in quantity demanded=((Final demand-Initial demand)/Initial demand)×100
((299-300)/300)×100=-0.33%
%change in price=12%
12%>0.33%
The change in price is larger than the change in demand, therefor the product is highly inelastic
