1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marysya12 [62]
3 years ago
12

National defense is a good that is non excludable and nonrival in consumption. Suppose that, instead of national defense being p

aid with tax dollars, national defense is paid by voluntary contributions from (potentially) all individuals within Latvia.
Alan, who is a Latvian citizen, must decide whether he wants to contribute to the national defense budget Further, suppose that there are a total of 10 citizens, including Alan. For the optimal amount of safety, each citizen should pay $10. Every $1 contributed (by anyone) to the national defense, leads to increased security, which each person values at $0.25. This means that every dollar spent on defense is worth $2.50 to Latvia as a whole.
Suppose that, instead of relying on voluntary contributions, the government simply levies a tax of $10 on each person to pay for national defense. How much better or worse off would Alan be if everyone (including himself) were taxed $10 instead of contributing voluntarily?
If Alan is worse off, be sure to put a negative sign in front of the number.
Business
1 answer:
timama [110]3 years ago
8 0

Answer:

Alan is better off by $15

Explanation:

the number of citizens in latvia = 10

if citizens were levied $10 each, total amount

= 10*10

=$100

each persons valuation = 100*0.25

= $25

$25 is also Alans valuation sice he is a part of this population.

since he contribited $10, his net gain would be

$25.00 - $10.00

= $15.00

Alan is better of by $15 in the tax system.

You might be interested in
When seeking a recommendation before awarding a contract, what type of information is least likely to be needed from an applican
leva [86]

Answer:

Answer is option D, i.e. Information on credit worthiness.

Explanation:

When any organization enters into a contract with an applicant, it often asks for recommendations before awarding that contract to the applicant. This recommendations is asked to assess about the skills, the abilities that the applicant possess, the integrity and the character of the applicant. This is to assess that whether the applicant is fit and worthy enough to be awarded the contract. Thus, credit worthiness is not accounted for while going through the recommendations. Therefore, the answer is option D.  

8 0
3 years ago
When loans are amortized, monthly payments are ________ , while the interest portion of the monthly payment ________ and the pri
vitfil [10]

Answer:

Constant, Decreases, Increases

Explanation:

4 0
2 years ago
When a certain competitive firm produces and sells 100 units of output, marginal revenue is $80. When the same firm produces and
Assoli18 [71]

Answer:

d. This cannot be determined from the given information

Explanation:

To find the average revenue of 200 units it is necessary to know the total units. However, the function of the marginal revenue is not given. It is impossible to infer the marginal revenue (price) of other units (of output) only from knowing the marginal revenue of the 100th unit.

6 0
3 years ago
The job _______ results in two written statements: one that specifies the responsibilities, duties and working conditions of the
elena-14-01-66 [18.8K]

Answer:

The word "Analysis" would most likely fit the statement.

Explanation:

The job <em>analysis</em> results in two written statements: one that specifies the responsibilities, duties, and working conditions of the job, and the other setting forth the minimal education and skills required to do the job.

7 0
3 years ago
Indicate which barrier to entry appropriately explains why a monopoly exists in each scenario?
SpyIntel [72]
It should be b I hope that help
4 0
2 years ago
Other questions:
  • Rachel Watts owns a chain of office supply stores. Over the past three years, Rachel has significantly increased her sales throu
    11·1 answer
  • ________ play an important role in efficiently making products available to target markets in the needed varieties and quantitie
    11·1 answer
  • When you use the direct organizational plan for a routine message, you present the details before the primary idea?
    5·1 answer
  • OB research on job performance and individual characteristics draws primarily from studies in ___________. a.social relationship
    13·2 answers
  • Thompson’s house was destroyed by fire and claims were filed with the insurance company. The insurance company (insurer) hired C
    9·1 answer
  • The risk-free rate is 4%, the market risk premium is 8%, and the market return is 12%. Stock Y's beta is 1.85 and the standard d
    12·1 answer
  • On May 10, 2020, Marin Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the f
    11·1 answer
  • Other things the same, when the interest rate rises, people would want to lend Group of answer choices less, making the quantity
    15·1 answer
  • What quality control technique attempts to keep errors from reaching the final customer?
    9·1 answer
  • you want to buy a new car, but you can make an initial payment of only $2,400 and can afford monthly payments of at most $500.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!