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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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Paige deposited $200 into a bank that offers 3.3% interest rate, compounded daily. In how many years will her balance be $400?
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4 0
3 years ago
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Jake, a businessman, filed for bankruptcy and was declared insolvent by the courts. He owed $15,000 each to two creditors and $5
Andreas93 [3]

Answer:

Option D is the best which state that Jake is entitled to sell his house and pay the creditors on a pro-rata basis

Explanation:

Based on the information given about Jake in which we were been told that Jake owed the amount of $15,000 each to two of his creditors and another amount of $5,000 each to two others creditors we can vividly say that Jake is entitled to sell his house which worth the amount of $30,000 and pay the creditors on a pro-rata basis by given the amount he owed to one of the creditors based on to their share of the total or whole amount .

5 0
3 years ago
You are mailing invitations to new medicare beneficiaries for a marketing event. You want an idea of how many people to expect?
kotegsom [21]

If you want an idea of how many people to expect, so you would like to request RSVPs.

The Social Security Administration launched the Medicare national health insurance program in 1965. The Centers for Medicare and Medicaid Services are currently in charge of running the program.

Medicare (medical insurance) assists in covering the costs of some preventive services, outpatient care, home health care, durable medical equipment, and services from physicians and other healthcare professionals.

Low-income seniors are especially in need of Medicare coverage since they are less financially secure than their higher-income counterparts and have fewer resources available to them in the event of large medical expenses.

In light of the above, it is important to keep in mind that while you can ask for an RSVP, you are unable to get contact information. This will give you a better idea of how many people to expect.

To know more about  Medicare refer to: brainly.com/question/11224262

#SPJ1

6 0
2 years ago
Parkway Void Co. Issued 17-year bonds two years ago at a coupon rate of 9.1 percent. The bonds make semiannual payments. If thes
Lerok [7]

Answer:

7.53%

Explanation:

the yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

  • coupon = $1,000 x 9.1% x 1/2 (semiannual) = $45.50
  • face value = $1,000
  • market value = $1,000 x 115% = $1,150
  • n = (7 years - 2 years) x 2 semiannual periods = 30

YTM = {$45.50 + [($1,000 - $1,150)/30]} / [($1,000 + $1,150)/2] = $40.50 / $1,075 = 3.7674% x 2 = 7.5349% ≈ 7.53%

4 0
3 years ago
Linda heads the proofreading team of Ink Heart Pvt. Ltd., a publishing firm. She wants to align her followers toward the main ob
zimovet [89]

Answer:

The correct answer is (D)

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Managers and heads need to share their vision with the employees so that they better understand each aspect of the company. Being a proofreading team head, Linda must communicate the vision, and develop a shared culture to align them towards the main objective. It will help Linda to keep them satisfied and together to achieve common goal.

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