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Yuliya22 [10]
3 years ago
5

Suppose a firm that produces for this market is able to dump toxic chemicals into a river next to its factory, which poisons wil

dlife and harms the health of nearby residents who have no business with the company. This scenario is characterized by , which is an example of . Grade It Now Save & Continue
Business
1 answer:
DerKrebs [107]3 years ago
7 0

Answer: an externality, market failure

Explanation:

Externality, simply refers to the gains and the costs that a third party gets due to the productivity or consumption activities of an individual or firm. In the above question, a negative externality occurs as the production of the firm has a negative effect on wildlife and the people living in the area.

In this case, the externality results in market failure which is due to the inefficiency with regards to the distribution of the goods in the free market.

You might be interested in
A monopolist sells to tourists who have demand p1 = 14 – q1 at a price of $8.00. Residents have demand p2 = 10 – q2. The firm im
Sergeu [11.5K]

Answer:

Price charge to the residents = $4

Explanation:

Given:

p1 = 14 – q1 at a price of $8.00

p2 = 10 – q2

Find:

Price charge to the residents

Computation:

p1 = 14 – q1 at a price of $8

8 = 14 – q1

q1 = 6

In OPD q1 = q2

So,

p2 = 10 – q2

p2 = 10 – 6

p2 = $4

Price charge to the residents = $4

6 0
3 years ago
Gullett Corporation had $30,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona
Bogdan [553]

Answer:

The journal entry to record the purchase raw material would include a debit to raw material of $79000 and credit to Raw materials of $109000..

Explanation:

Since the raw material is coming into the company, we have debit raw material and the opening balance is already there in the books of the business. hence raw materials increases.

7 0
3 years ago
Today, benefit and service offerings add nearly _________ to an organization payroll costs
Nookie1986 [14]

Today, benefit and service offerings add nearly <u>40%</u> to an organization's payroll costs.

Employee benefits are indirect financial payments given to personnel. they will include supplementary fitness and lifestyles insurance, vacation, pension plans, education plans, and reductions. three mandatory benefits (CPP/QPP, RI, and workers compensation) account for over 50% of the organization's part of benefits.

It includes salaries, wages and social protection contribution (i.e. health insurance), paid leaves, earnings sharing and bonus, es and non-monetary advantages like automobiles, unfastened scientific facilities, free or backed items, free or subsidized lunch, etc.

Employee benefits are also known as perks or fringe benefits. this is the greater pay given to the personnel over the month-to-month salaries and wages. a few examples of worker benefits are medical health insurance, stock alternatives and medical insurance; these are a few basic blessings presented to employees.

Learn more about insurance here: brainly.com/question/25855858

#SPJ4

5 0
1 year ago
Countries that require substantial loans from the International Monetary Fund to survive will ________ due to IMF-mandated econo
Ray Of Light [21]

Answer:

Such countries will <u>endure a sharp contraction of demand in the short term</u>

Explanation:

International Monetary Fund (IMF) grants loans on differing scales to countries in need but <u>has certain regulatory economic policies in place</u>, such as one that limits government spending.

These policies cause demand in such countries to contract sharply in the short run.

5 0
3 years ago
Carol Byrd gets a student rate of $30.00 a month. There is a $250 deductible; but no coinsurance payment. She recently received
Elden [556K]

Answer: Company Pays $1640

Carol Bryd pays $410

Explanation:

The total bill is $2300 and the deductible needs to be taken out.

$2300-$250

=$2050

Company Payment.

Company Pays 80% which translates to 0.8

0.8*2050

= $1640 is the company Payment.

Carol then pays the difference which is

$2050 - $1640

= $410

Carol pays $410

6 0
3 years ago
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