Too much of a good or service is produced when there is a

Business

1 answer:

Alexxandr [17]3 years ago

4 0

Answer:

Explanation:

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A public good is a good that is non excludable and non rivalrous. An example of a public good is a statue in a public park Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue

You might be interested in

The network marketing sales system works by recruiting independent businesspeople who act as distributors.

Blababa [14]

Answer: False

Explanation:

The above statement that network marketing sales system works by recruiting independent businesspeople who act as distributors is wrong.

It is the multilevel marketing sales system works by recruiting independent businesspeople who then act as distributors.

6 0

3 years ago

With increased economic progress, cultures across the world seem to be moving toward some universally accepted values and norms.

lawyer [7]

Answer:

The correct answer is letter "E": convergence hypothesis

Explanation:

In Economics, the convergence hypothesis describes how increasing industrialization in different countries could lead to transform the economy to an industrialized world where the <em>same societal patterns, ideologies, behaviors, and customs</em> will be spread which is likely to create a global culture.

7 0

3 years ago

A(n) _____ facilitates the development of organizational knowledge, skills, and tools to internally charter and manage projects

shepuryov [24]

A PROJECT MANAGEMENT OFFICE facilitates the development of organisational ............................
Project management office refers to a department within a business which defines and maintains standards for projects management within that organisation. It is the one that is responsible for setting standard which are used during the executions of projects by the company.

5 0

3 years ago

Grengens, a European chocolate manufacturer, received several complaints from customers about the quality of its product when it

Kay [80]

Answer:

Letter E is correct. <u>Product disapprobation.</u>

Explanation:

In this matter, we can say that the factor that probably dictated the adaptation of Greengens products in this scenario was the product's disapproval.

This failure of the chocolate company Greengens was due to some management error and analysis of the market in question. When entering an international market, the company must analyze a series of important variables for the product to be accepted by the local public, no matter how standardized the product is, there are some local characteristics that should not be disregarded, such as local values, culture , needs, tastes, etc., which means that an adaptation of a product or service is necessary for it to be actually accepted and consumed in a given country.

4 0

3 years ago

An example of a free rider is a. someone who benefits from clean air without paying for it. b. someone who adds value to a netwo

Anna71 [15]

is a person who benefits from something without expending effort or paying for it.

3 0

3 years ago