Answer:
For the students of the college, the visual appearance of the campus is non-rival and non-excludable
The benefit of the beatification initiative, as suggested by the survey, is $3,390. Because the estimated benefit is less than the cost, the college administrators should not undertake the beautification initiative.
Explanation:
non-rival and non-excludable
This means that everyone benefits from the remodel equally and people who do not pay for it will still enjoy their benefits.
$3,390
The benefit is found by multiplying the average benefit for each person surveyed by the number of people surveyed, which is $11.3 X 300 = $3,390.
The college should not complete the project because the marginal cost: $4,400 is more than the marginal benefit: $3,390.
Currently, the united states exports more than it imports. <u>false </u>
<h3>What is
exports?</h3>
Because they provide people and businesses with access to a wide variety of markets, exports are crucial to modern economies. Fostering economic trade, including encouraging imports and exports for the benefit of all trading parties, is one of the main goals of diplomacy and foreign policy between governments.
In terms of cash, China, the United States, Germany, the Netherlands, and Japan were the top exporting nations in the globe in 2019, according to research firm Statista.
In all, China exported items worth about $2.5 trillion, mainly industrial and technological equipment. U.S. exports, which mainly consisted of capital goods, totaled about $1.6 trillion. The majority of Japan's exports, which amounted about $705 billion, and Germany's, which totaled about $1.5 trillion, were made up of automobiles. A total of $709 worth of exports were made by The Netherlands.
To learn more about exports from the given link:
brainly.com/question/21897468
#SPJ4
Its an expense account that follows credit, not debit
Answer:
a.Georgeland has an absolute but not a comparative advantage in producing clothing.
Explanation:
A country has a comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
A person has an absolute advantage in production if it produces more quantities of the good when compared with other countries.
Georgeland produces more quantities of both food and clothes when compared to Alland, so it has absolute advantage in both activities .
The opportunity cost of georgeland in producing clothes = 36 / 18=2
The opportunity cost of georgeland producing food = 18 / 36 = 0.5
For Alland,
the opportunity cost of producing clothes = 32 / 16= 2
the opportunity cost of producing food = 16 / 32 = 0.5
Neither countries don't have a comparative advantage in the production of either clothes of food bedside they have the same opportunity costs in both activities.
I hope my answer helps you