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3 years ago

Costs of production that affect people who have no control over how much of a good is produced

1 answer:

5 0

SPILLOVER COSTS are costs of production that affect people who have no control over how much of a good is produced.

Spillover cost is also known as "negative externalities". This happens when costs of production are not fully reflected on market demand or supply schedules that may result to a loss or damage on a third party involved in a market transaction.

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All else equal, if there are diminishing returns, then which of the following is true if a country increases its capital by one

Romashka [77]

Answer:

The output will rise by more than it did when the previous unit was added.

Explanation:

7 0

2 years ago

Corporate social responsibility describes the firm's:

goldenfox [79]

Answer:

2. concern for the welfare of society.

Explanation:

Corporate social responsibility refers to a concept that helps a company to take into account environment and social concerns in the business activities to make valuable contributions to society. According to this, the answer is that corporate social responsability describes the firm's concern for the welfare of society.

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3 years ago

Can you become a marketing manager with a psychology degree

ozzi

Based to what I know you can, cause marketing manager is lower than psychology degree.

to be honest It depends in the person but the answer for this is YES and No. but if you want to make sure what's the answer wait for another person to answer the question what I just want to do is to answer your question and I hope that I help for this question.

6 0

3 years ago

Dayna’s Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its cost is C  100  5Q  Q2, and demand is P  55  2Q.

Sauron [17]

Answer:

Explanation:

Given the following data about Dayna's Doorstep Inc(DD) :

Cost given by; C = 100 - 5Q + Q^2

Demand ; P = 55 - 2Q

A.) Set price to maximize output;

Marginal revenue (MR) = marginal cost (MC)

MR = taking first derivative of total revenue with respect to Q; (55 - 2Q^2)

MC = taking first derivative of total cost with respect to Q; (-5Q + Q^2)

MR = 55 - 4Q ; MC = 2Q - 5

55 - 4Q = 2Q - 5

60 = 6Q ; Q = 10

From

P = 55 - 2Q ;

P = 55 - 2(10) = $35

Output

35(10) - [100-5(10)+10^2]

350 - 150 = $200

Consumer surplus:

0.5Q(55-35)

0.5(10)(20) = $100

B.) Here,

Marginal cost = Price

2Q - 5 = 55 - 2Q

4Q = 60 ; Q = 15

P= 55 - 2(15) = $25

Totally revenue - total cost:

(25)(15) - [100-(5)(15)+15^2] = $125

Consumer surplus(CS) :

0.5Q(55-25) = 0.5(15)(30) = $225

C.) Dead Weight loss between Q=10 and Q=15, which is the area below the demand curve and above the marginal cost curve

=0.5×(35-15) ×(15-10)

=0.5×20×5 = $50

D.) If P=$27

27 = 55 - 2Q

2Q = 55 - 27

Q = 14

CS = 0.5×14×(55 - 27) = $196

DWL = 0.5(1)(4) = $2

6 0

3 years ago

Answer the question based on the accompanying list of items related to aggregate demand or aggregate supply. Changes in which co

german

Answer:

Government Spending
Degree of Excess Capacity
Productivity
Business Taxes
Domestic Resource Availability
Prices of Imported Products

Explanation:

Hello, research into this question makes me believe that this is the list of factors. Hope I am right :)

Government Spending
Consumer Expectations
Degree of Excess Capacity
Personal Income Tax Rates
Productivity
National Income Abroad
Business Taxes
Domestic Resource Availability
Prices of Imported Products
Profit Expectations on Investments

Supply is the amount of goods and services suppliers are willing to provide at a given time for a given price. A shift in the supply curve to the left means that there is a fall in quantity supplied (occurs during unfavorable conditions) whereas a right-hand shift proves that there is an increase in quantity supplied (occurs during favorable conditions) . Factors that can cause a shift in the supply curve are as follows:

1. Government Spending:

If the government increases spending such as in the form of loans or subsidies, suppliers will be positively affected and causes a right-hand shift in the supply curve. However, if government spending falls, it would create a left-hand shift.

2. Degree of Excess Capacity:

This refers to the stock that can be withheld in a business. When there is a lot of excess capacity, there would be a right-hand shift in supply.

3. Productivity:

Higher productivity means that production is high, hence supply is high causing a right shift. On the other hand, lower productivity will create a left-hand shift.

4. Business Taxes:

Businesses are expected to pay taxes such as corporate taxes. When taxes are high, firms are discouraged since a lot of their earnings are paid as tax to the government. Thus supply will fall, leading to a left shift. On the other hand, when taxes are low, businesses are encouraged to produce more since they can now make higher profits. Thus, supply curve shifts to the right.

5. Domestic Resource Availability:

If domestic resources are used in production, such as land, labor or machinery, high availability of these will allow higher production and hence a shift in supply to the right. Lower availability will cause a left hand shift in the supply curve.

6. Prices of Imported Products:

If certain raw materials are important for production, rising prices of imported products will reduce supply as cost of production is higher, which causes supply to shift left. However, when prices of imported products fall, cost of production falls, causing a right hand shift in the supply curve.

7 0

3 years ago