Answer:
You didn't provide anything for me to choose from, so I can't give you an answer.
Answer:
b. his marginal benefit of the additional serving is at least $3.
Explanation:
In economic thinking, a firm or an individual will make profits as long as marginal revenue exceeds marginal costs. Losses occur when marginal cost is more than the marginal revenue.
For Jim to breakeven at the restaurant, he has to consume meals worth at least $12. If Jim is consuming servings that are of equal value, four servings of $3, each will add up to $12. For Jim to consider a fourth serving, then it must be worth at least $ 3. Should be meal exceed $ 3 and assuming the first three meals were of equal value, Jim will have benefited from the offer.
Answer:
Has failed his fiduciary duties and is responsible for any losses in value the owner has suffered.
Explanation:
In the above case, the manager has failed to maintain the units in proper working order and the property declines in value which is of a negative effect to the property owner.
In this case, the tenant has the option of hiring an outside party to make the necessary repairs. The tenant should do that in good faith and should be reasonable in choosing who to make the repairs. This cost will probably be deducted from their next rent check.
Also, if the problem violates state or local building or health codes, a tenant may decide to contact the local authorities regarding the issue. If inspectors come out and find the problem, the landlord may face an order to fix the problem, plus possible fines and/or penalties.
Answer: public goods and common resources
Explanation:
Externality is the consequence of a producer's or consumer's action on a third party which did not partake in the action.
The idea that externalities arise because something that is valuable has no price attached is associated with the public goods and the common resources. The provision of public goods such as good roads, defence will lead to positive externalities, while the use of common resources such as fish in the river or the environment will lead to negative externalities e.g polluting the environment will give rise to a negative effect on a third party.
Here are the answers that would best complete the given statement above. A firm's market offering might include a range of options from PURE TANGIBLE PRODUCTS such as gasoline or toasters at one end to PURE SERVICES <span>such as a haircut or a trip to the dentist. Hope this helps.</span>
