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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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When it comes to saving money, what is a good rule of thumb?
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The demand for grapesgrapes is highest during summer and lowest during winter. Yet grapegrape prices are normally lower in summe
anastassius [24]

Answer:

The correct answer is: D. The supply increases more than the demand increases.

Explanation:

The law of supply and demand is the basic principle on which a market economy is based. This principle reflects the relationship between the demand for a product and the quantity offered of that product taking into account the price at which Sell ​​the product.

Thus, depending on the price in the market of a good, the bidders are willing to manufacture a certain number of that good. Like the plaintiffs they are willing to buy a certain number of that good, depending on the price. The point where there is a balance because the plaintiffs are willing to buy the same units that the bidders want to manufacture, for the same price, is called the market equilibrium or breakeven point.

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6 0
4 years ago
During the fiscal year ended 2016, a company had revenues of $520,000, cost of goods sold of $375,000, and an income tax rate of
7nadin3 [17]

Answer:

the net income is $92,800

Explanation:

The computation of the net income is given below:

Net income is

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= $145,000 - $145,000 × 0.36

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= $92,800

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