An externality is a benefit or cost associated with an activity that accrues to some third party who is not a direct participant in the activity. The Tragedy of the Commons suggests that people and states have a general set of incentives that encourage them to limit their consumption of public resources.
<h3>What Is an Externality?</h3>
An externality is a cost or benefit caused by a producer that is not financially incurred or received by that producer. An externality can be both positive or negative and can stem from either the production or consumption of a good or service.
To learn more about Externality visit the link
brainly.com/question/24233609
#SPJ4
Let x = amount invested in 6% account
300 + x = amount invested in 8% account
6%x + 8%(300 + x) = 94
0.06x +0.08(300 + x) = 94
0.06x + 24 + 0.08x = 94
0.14x + 24 = 94
0.14x = 94 – 24
0.14x = 70
x = 70/0.14
x = 500
Amount invested in 6% account = $500
<span>Amount invested in 8% account = $300 + x
= $300 + $500 = $800</span>
Answer:
a. $259,700
Explanation:
The computation of the total cost of the units completed and transferred out of the department is given below:
= 53,000 units × $1.6 + 53,000 un$its × $3.3
= $84,800 + $174,900
= $259,700
Hence, the total cost of the units completed and transferred out of the department is $259,700