Oil companies can purify a barrel of petroleum so that it yields either more home heating oil or better gasoline. If the price of gasoline falls, there is An expansion in the supply of home heating oil.
<h3>Which of the following increases the store of a good and shifts its supply curve rightward?</h3>
Price differences in the same order as the change in supply. Quantity changes in the opposing direction to the change in supply. An upsurge in demand moves the demand curve rightward and an expansion in supply shifts the supply turn rightward.
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Answer:
inward shift in the supply curve.
Explanation:
inward shift in the supply curve.
inward shift in the supply curve.
Answer:
$9,000
Explanation:
The result is the Net Book Value (NBV) as the time when the photocopier is discarded. The formula for calculating the NBV is given as follows:
NBV = Cost of equipment - Accumulated depreciation
Since;
Photocopier cost = $102 comma 000 = $102,000
Accumulated depreciation = $ 93 comma 000 = $93,000
Therefore, the NBV for the photocopier can be obtained as using the NBV formula above as follows:
NBV = $102,000 - $93,000
= $9,000
If the business just discard the photocopier without selling at a price as at the time of discard, the business has lost a total of $9,000 which is the NBV of the photocopier.
Answer:
Cash received for August= $50,000
Explanation:
The sales below were given
August $200,000
September $210,000
October $220,500
The cash sales per month is 25% of total sales and the credit portion is carried over to the next month when cash is received.
As we are calculating cash inflow for August there is no carryover cash from previous month (August is the first month)
Cash received for August= 0.25* 200,000
Cash received for August= $50,000
The remaining sales is on credit 200,000-50,000= $150,000
And will be received in September.
Answer:
The correct answer is
not excludable, people have an incentive to be free riders. (b.)
Explanation:
Excludability of a good or service is a property of the good or service that makes it impossible for a consumer who has not paid for it to have access to it, hence, a non-excludable good or service is one to which it is impossible to prevent access by people who have not paid for it.
Based on whether goods are excludable or non-excludable, goods can be divided into four categories; private goods, common-pool goods, club goods and public goods.
Public goods: public goods are also called collective goods or social goods. Example here are public parks, street lights, air, etc. In addition to being non-excludable, public goods are also non-rivalrious, meaning that the use of the good by one person does not limit the use by another, hence the free rider incentive applies.
For a better understanding, I suggest you look up the other types of goods I mentioned above.
