the under-supply problem associated with free-riders and public goods can be solved by making the good or service more excludable
What is public goods ?
A public good is a good that is both non-excludable and non-rivalrous in economic terms. Users cannot be denied access to or use of such goods for failing to pay for them. Furthermore, use by one person neither prevents nor reduces the availability of others.
A public good is a commodity or service that is made available to all members of a society in economics. These services are typically administered by governments and funded collectively through taxation. Law enforcement, national defense, and the rule of law are examples of public goods.
Defense, lighthouses, streetlamps, and clean air are all examples of public goods. They are all non-exclusive and non-rivalrous in terms of the public good.
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Answer:
$84,000
Explanation:
The computation is shown below:
Particulars Order Size Customer support Other Total
Manufacturing overhead $24,000 $408,000 $48,000 480000
Selling and administrative
expenses $60,000 $20,000 $20,000 $100,000
Total $84,000 $428,000 $68,000 $580,000
The allocation of manufacturing overhead is done in 5% 85% 10% 100%
The allocation of selling and administrative expense is done is 60% 20% 20% 100%
A person who purchases his/her own policy can exclude the benefits from gross income. It's also good to note tat statutory limitations exist for the following amounts:
Benefits that have been collected under the employer's plan
Premiums that have been paid by the employer
benefits that have been collected from the individuals' policy. Therefore the amount Valentino may exclude will be calculated as follows;
Daily statutory amount in 2017 (360*45) $16200
Actual cost of care $13500 $16200
Less: Amount received from Medicare ($8000)
Equal amount of exclusion ($8200)
Thus:
Valentino must include (15000-8200)=$6800 of the long-term care benefits received in his gross income.
Answer:
That as inter-disciplinarians we must often bring out common meanings, making them applicable to different texts and contexts.
Explanation:
To deduce is to reduce the choices of answers. Basically by deducing it means to reach to a common definition of the word efficiency in all the fields, whether it be economists, or biologists or political scientists.
This will ensure easy understanding and easy communication of the term at broader level. This will clearly provide for the better ease in all the fields of work.
As we relate to more than a single branch of knowledge, using a single term with different meaning in different branches turns the situation complex.
Answer:
Casey can buy 50 pound of fish and 30 pounds of shrimp.
Explanation:
you divide 150 by 3 and you get 50. For shrimp you divide 150 by 5 and you get 30.
