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sertanlavr [38]
3 years ago
6

Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay

$100 for the security system, Mary is willing to pay $300 and Jill is willing to pay $300. They have a meeting to vote on whether to pay $250 each for the security system. At least two of them must vote for the system to be installed before the vote is passed. The efficient outcome is to have the security system installed. After the meeting the security system will __________, which illustrates ___________.
be installed, the free rider problem
not be installed, the free rider problem
be installed, a negative externality
not be installed, a negative externality
Business
1 answer:
SSSSS [86.1K]3 years ago
3 0

Answer: The efficient outcome is to have the security system installed. After the meeting the security system will <em><u>be installed</u></em>, which illustrates the <em><u>free rider problem.</u></em>

Free rider is the burden on resource which is been shared, the problem is created by its usage or over-exploitation by individual who aren't paying their fair share.

∴ Here Tom is a free rider. i.e. He is willing to pay $100 where he should've paid $250.

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Three contractors (call them a, b, and
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Answer:  The probabilities of winning a contract are

P(A) = \frac{28}{36}  

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Let the Probability of C winning the contract - P(C) be 'X'

Then,

Probability of B winning the contract - P(B) will be '7X'     and

Probability of A winning the contract - P(A) will be \mathbf{P(A) = 4 * P(B) = 4*7X = 28X}

Since the total of all the probabilities is 1,

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After the accountant of Stallone Retailers had prepared the financial statements for the year ended 31 December Year​ 6, the fol
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Depreciation expense  £1,600 Accumulated depreciation £1,600 ( £8,000 x 20%)

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3. Drawings  £4,000 Inventory  £4,000

4. Loan  £2,200 Cash  £2,200

<u>Adjustment of Profit</u>

Profit before the errors  £112,000

Adjustments:

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Depreciation expense    (£1,600)

Cost of goods sold         (£3,000)

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Thus, the adjusted profit is now £115,400.

Learn more: brainly.com/question/3816206

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