Hello! Public goods are goods that are 1) non-rivalrous and 2) non-excludable. Non-rivalrous means that continuous consumption of these goods will not diminish its quantity for other consumers while non-excludable means that consumers (regardless of whether or not they pay) cannot be excluded for consuming the good. Software is an example of a public good.
Now, because of the non-exclusion nature of these goods, private firms will have the free-rider problem (those consumers who use the good without paying). Because of the non-rivalrous nature they are also bound to have a huge demand and therefore they will have a tendency to underproduce hence these goods will be unprofitable.
Lastly, since not all is bound to pay for these public goods, the price system cannot assign the cost to all consumers.
This leaves us with choice D as the only reason why private firms do not produce public goods.
ANSWER: D. <span>the government refuses to grant subsidies to firms who provide public goods</span>
Black powder which is the original gunpowder was the earliest chemical explosive.It was invented in China way back in 9th century. It is a mixture of potassium nitrate also known as saltpeter,sulfur and charcoal. The powder burns slowly thus leaving smoke and solid residue.
Answer:
B.Gain of $14,000
Explanation:
Truck Old-Cost $52,000
Accumulated Depreciation ($40,000)
Written Down Value $12,000
New Truck $70,000
Less: Cash paid (44,000)
Sale Proceeds of old truck 26,000
Gain on disposal of old truck=26,000-12,000=$14,000
In a group setting, "recording secretary (taking the notes)," "moderator” (the facilitator of discussion)," "initiator" (the one who generates new concepts and offers the new solution) and "information seeker" are examples of Task roles. The Task roles are the one that is directly related to the successful achievement of <span>the task and goals of the group.</span>
Answer:
behavioral finance
Explanation:
Behavioral finance focuses on how psychological factors influence markets, and how important they are. E.g. expectations can sometimes be more important than actual results. Stock prices are not necessarily determined using scientific methods, that is why each analyst has his/her own expected future price. No one can know for sure which price is correct, since each analyst will factor certain variables depending on his/her expectations about the future of the company, the stock market, the country's economy and even the world's economy.
Most people would agree that Warren Buffet is generally right when pricing stocks or adjusting stock prices, but even he is not 100% right all the time. Even personal issues affect how investors value stocks. E.g. if the market has been rising and the economy is strong, most investors will be confident and might decide to take higher risks. On the other hand, if the market is not doing so well, investors might be afraid, and they will seek risk free investments. That is the reason why US securities sometimes yield negative returns. It is simply illogical to invest money knowing that you will lose, just leave the money in the bank. But sometimes desperation leads to mistakes.