Answer: Option B
Explanation: As per the "tragedy of commons" , individuals often exploit the common resources as per their own will and degrades the resources for the common benefit of the society.
As per this theory, the resources for use share a common pool and are interdependent, therefore, no part of the pool could be excluded as it will affect all other resources.
Hence from the above we can conclude that the correct option is B.
Answer:
more
Explanation:
When the price of a goods increases two effects known as substitution and income effect will occur.
Substitution effect occurs when an increase in the price of a good encourages a consumer to buy alternative goods.
Income effect occurs when the price of a good rises, this reduces drastically the disposable income, hence, there will be a lower demand for the goods.
In the question, we are told income effect dominates. The rise of price of paintbrushes only means Becky can purchase fewer paintbrushes and more of the bulk of the money she has is used in purchasing hiking boots instead.
Answer:
demand
rise
Explanation:
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
If the price of Indian rupees in terms of U.S. dollars falls, it means that the US dollar has appreciated against the rupees
it becomes cheaper to buy the rupees.
As a result, the quantity demanded of rupees would increase
Answer:
b. $75,000
Explanation:
Depreciable cost is the amount of an asset's cost that will be depreciated. Depreciable cost is calculated by using purchase and installation cost of a fixed asset, minus its estimated salvage value at the end of its useful life.
Depreciable cost = Total asset cost - salvage value = $90,000 - $15,000 = $75,000
The company then uses a depreciation method, such as the straight-line method, to calculate depreciation expense of the equipment.
Example:
Annual Depreciation expense = $75,000/6 = $12,500
Answer:
If the company were to locate departments X, Y, and Z in areas 1, 2, and 3, respectively, the total distance (in meters) loads would be moved each week is 8,000.