When external benefits are present in a market INEFFICIENCY MAY ARISE, BECAUSE POTENTIAL PRODUCERS ARE UNABLE TO CAPTURE FULLY THE BENEFITS THAT THEIR ACTION CREATE FOR OTHERS. This may cause the producers to produce just a little of this product.
<span>In which economic system does the government own most of the factories, equipment, and agricultural lands? Communism. Communism is a type of economy, political, social and philosophical economy. In a communist society, each person works and contributes to society in best functional way they can but are paid according to their needs and what they are capable of. In a communist society, the government has control over just about everything.</span>
Answer:
B) Six of these items are found on the balance sheet.
Explanation:
Six items fall under assets or liabilities or share capital, which only appear in the balance sheet rather than income statement.
The items are the following;
Accounts receivable
Accrued payable
cash
Plant and equipment
Marketable securities
Retained earnings
Answer:
Other things equal, the fall in the price of plastic would shift Pic's marginal cost curve to the right. To maximize profits, Pic should increase its output. Since other firms in the industry do not enjoy the reduction in marginal costs, the market supply curve would not change and the market price of toothpicks would remain unchanged. Pic Industries would enjoy higher profits in the short-run
When price discrimination occur, implies that the firm is losing money.
When a company starts to charge customers a different prices in a certain product, this simply means that the company is losing money. The firm will charge customers based on their financial statuses.
