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WINSTONCH [101]
2 years ago
6

An externality is an unwarranted cost or benefit that affects...

Business
1 answer:
Makovka662 [10]2 years ago
3 0

Answer:

a third party

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

In Economics, an externality could either be positive or negative depending on its effect on a third party.

A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.

This ultimately implies that, an externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that affects a third party.

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aliina [53]

Answer:

unit of account, a store of value, and a medium of exchange.

Explanation:

Functions of money

1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you pay $20 for your favourite jeans

2. Unit of account : money can be used to value goods and services, For example, $20  is the value of your favourite jeans

3. Store of value : money can retain its value over the long term, this it can be used as a store of value

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Answer:

c. credit to notes payable

Explanation:

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Ohn invests 1000 in a fund which earns interest during the first year ata nominal rate of compounded quarterly. during the 2nd y
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After new research shows potentially damaging health effects of Good X, government leaders impose a new tax that firms must pay
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If ideal weather conditions result in a bumper crop of Florida oranges, then the a. supply of oranges will increase and the pric
8090 [49]

Answer:

a. supply of oranges will increase and the price of oranges will fall.

Explanation:

The crop will have impact on the producer of oranges, their field  will have a better yields so, more orange supply. The supplier fixed cost will be distribute among more orange thus, her average cost will be lower.

If the cost is lower, then the price will decrease as well. This will generate an equilibrium cost at more quantity with a lower price.

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