Public goods are available everywhere and are <span>both non-excludable and non-rivalrous</span>
They represent a market failure because <span>by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably. Answer: B
</span>Public goods are nonrival in consumption and their benefits are nonexcludable
Answer:
D) downsloping because successive units of a specific product yield less and less extra utility.
Explanation:
The marginal utility curve is downsloping because successive units of a specific product yield less and less extra utility or benefits.
It gives the relationship between the utility derived from the consumption of an additional unit of a good and the quantity of the good consumed.
Answer:
The correct option is "<em>d." Characteristics that would make a misstatement material include: The misstatement makes it probable that the judgment of a reasonable person relying on the information would have been changed or influenced by the omission or misstatement.</em>
Explanation:
<em>A misstatement </em>is a false or incorrect statement. So a material misstatement is a significant statement that is false or incorrect. In the context of a financial audit, a material misstatement is untrue information in a financial statement that could affect the financial decisions of one who relies on the statement.
Answer:
The brand that is the exception is Nike
Explanation:
Nike marketing strategy is a very brilliant strategy in the sense that they uses psychographic segmentation approach to make its brand more attractive to the target customers. They're socially- conscious of what the customer want. Nike uses separate strategy to aim their immediate users, athletes and all sportsmen which enables them to cap the market potential of the different segments. They already possess structures to enabled them survive in changing market.
The consumer surplus of Alexis, Bruno, and Camila increases by $7.
<h3>What is consumer surplus?</h3>
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Initial consumer surplus = ($12 - $6) + ($8 - $6) = $8
New consumer surplus = ($12 - $3) + ($8 - $3) + ($4 - $3) = $15
Change in consumer surplus = $15 - $8 = $7
Here is information on the question:
Alexis is willing to pay $12, Bruno is willing to pay $8; and Camila is willing to pay $4. The market price is $6.
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