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Akimi4 [234]
2 years ago
9

Many people who do not smoke cigars are bothered by the odor of cigar smoke. If private contracting is impossible, will too many

or too few cigars be produced and consumed? Taking all costs into account, is the market price of cigars too high or too low?
Business
1 answer:
andre [41]2 years ago
8 0

If private contracting is impossible, too many cigars would be produced and consumed. The market price of cigars is too low.

<h3>What is negative externality?</h3>

Negative externality is when the production or consumption activities of economic agents negatively affects third parties not involved in production or consumption.

For example, smoking a cigar affects others that are not smoking that are around the person that is smoking. Negative externality occurs because the cost of production or consumption is too low.

To learn more about externalities, please check: brainly.com/question/26266710

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Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is $1 per can, t
Tamiku [17]

Answer:

INCREASE the consumption of Pepsi and REDUCE the consumption of Hamburger

Explanation:

Based on the information given we were told that Bill uses his whole budget to purchase the following :

5 cans of Pepsi

3 Hamburgers per week

And the following were the price:

Pepsi costs $1 per can

Hamburger cost $2

Bill marginal utility:

Pepsi 4

Hamburgers 6

Based on the above details this means that Bill could increase his utility by INCREASING Pepsi consumption and REDUCING hamburger consumption reason been that 5 cans of Pepsi costs $1 per can which will gives us income of $5 ($5×1) while 3 Hamburgers per week cost $2 which will give us income of $6 ($3×2) which typically means that the Hamburgers has more income that Pepsi.

Secondly since the marginal utility for Pepsi is 4 while that of Hamburgers is 6 which means that Hamburgers has higher MARGINAL UTILITY than that of Pepsi because the consumption of Hamburgers is higher than the consumption of Pepsi.

Therefore the best thing that Bill could do in order to increase his Pepsi utility is for Bill to increase Pepsi consumption and reduce hamburger consumption.

8 0
3 years ago
Jordan is a sales officer who has been underperforming over the last three months. At the last monthly operations cycle meeting,
Rashid [163]

Answer:

D. Filtering.

Explanation:

Business content filtering has two objectives – to prevent network users visiting unsafe websites and to enforce Internet user policies. The first objective is achieved by each request to visit a website being checked against blacklists of known unsafe websites

6 0
3 years ago
Whenever Don calls on potential pest control customers, he emphasizes the fact that, unlike the national franchise competitors,
Amiraneli [1.4K]

Answer:

positioning

Explanation:

Based on the information provided within the question it can be said that in this scenario Don is positioning his business relative to his competition. In the context of business, positioning refers to the actions taken by a business in order to for the business/brand to occupy a specific place in the minds of their customers, as well as setting them apart from the competition, so that those customers choose them instead of the competition.

7 0
3 years ago
"In the summer 2012 the lobster catch in Maine was especially large, but instead of celebrating the fisherman were suffering fro
34kurt

Answer:

Inelastic

Explanation:

The inelastic demand means the demand of the product does not vary when there is much change in the price. Let us assume that if the price is increased by 20% so the demand decreased only by 1% so here we can said there is inelastic demand

Also due to increased in the supply, the demand does not increased that much. So if the price is decreased so the demand does not respond due to which the total revenue comes down

So as per the given situation, having the large quantity caught the revenue is decreased so here the demand should be considered inelastic

4 0
3 years ago
_______________ is the process of selling goods and services to individuals for their personal use?
Norma-Jean [14]
The correct answer is retailing.
Retailing is the process of selling goods and services to individuals for their personal use. You have stores, which are considered to be retailers of particular goods and services, and then you have customers who go there to buy those goods and services.
3 0
3 years ago
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