Answer:
A lag strategy
Explanation:
This is conservative and involves increasing capacity only when there is an actual increase in <em>demand</em>.
Answer:
b. the marginal social benefit to exceed the marginal private cost of the last unit produced.
Explanation:
<u>Positive Externality-</u>
Positive Externality occurs when production or the consumption or of the good causes benefit to the third party.
For example, when the individual consume education in order to be uplifted and get a benefit but this education also benefits the society by uplifting the whole society.
<u>Positive externality causes the marginal social benefit to be greater than the marginal private benefit.</u>
<u>Answer:
</u>
The Constitutional Amendments that affect that apply to the office of the president are 12th, 20th, 22nd, 23rd, and 25th Amendments.
<u>Explanation:
</u>
- 12th Amendment: States the rules and regulations for conducting the Presidential and Vice-Presidential elections.
- 20th Amendment: Defines the revised terms (tenure) of the offices of the President and the Vice-President.
- 22nd Amendment: Restricted the re-election of the same individual as the President of the US to two terms.
- 23rd Amendment: Speaks about the Presidential vote dispensed to the district of Columbia.
- 25th Amendment: Defines the procedure to be implemented in the cases of Presidential vacancy, inability or disability.
