In a free-market economy, a product that entails a negative externality (additional social cost) will be underproduced. A free-market economy is when the government has little or no restrictions and regulations on buyers and sellers in the market. They are essentially 'free' of all control and can base their inputs and outputs off of supply and demand. If there is a negative externality, then there too few items being produced in the economy.
Answer:
b. $22.75
Explanation:
We know that
Contribution margin per unit= Sales price per unit - variable cost per unit
Since the selling price is $35
And, the contribution margin is 35%
Therefore, the contribution margin per unit would be
= $35 × 35 per cent
= $12.25
Now add these figures in the formula above.
Hence, the value would be equal to
= $35 - $12.25
= $22.75
The inventory and labor costs are included in the variable cost
<span>I think that this could prove to be a good service to provide to the people, but I would want to know the cost of implementing the idea first. For example, if the park already has some sort of speaker system installed, then the idea would not cost a lot of money and would be feasible. On the other hand, if there are not already speakers, how expensive will it be to provide the music to the people standing in line? I like the idea being proposed, because it could keep those waiting in line entertained.</span>
The factors that affect the level of wages are skills and abilities, the size of the labor pool, and the actions of labor unions. therefore, these options are correct statements.
<h3>
How do you determine the level of wages?</h3>
Wages are decided through supply and demand, however, they may be stimulated through a huge form of factors, inclusive of the fee of living in a specific area, the presence of a union, and the modern-day minimal wage.
Pay prices additionally range through gender, race, training degree, and talent degree of the workforce.
Thus, the correct options are skills and abilities, the size of the labor pool, and the actions of labor unions.
Learn more about the level of wages here:
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When writing a report, the body of the paper presents, analyzes, and interprets the information you gathered during your investigation of the subject matter.
The beginning/opening of your paper will give an introduction to your topic. Then the body will have all of the information gathered about your topic. Finally, you will end the paper with a conclusion that summarizes the paper and topic.
