On holiday weekends thousands of people picnic in state parks. Some picnic areas become so overcrowded the benefit or value of picnicking diminishes to zero. Suppose that the Minnesota State Park Service institutes a variable fee structure. On weekdays when the picnic areas get little use, the fee is zero. On normal weekends, the fee is $8 per person. On holiday weekends, the fee is $14 per person. The fee system corrects a problem known as the
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Answer:
The fee system corrects a problem known as the Tragedy of the commons.
Explanation:
The tradegy of the commons is an economic theory that states how individuals make use and exploit natural resources to the point of depletion, out of their own self-interests and disregarding the general well-being of society. The term was made popular by biologist Garrett Hardin's scientific publication of the same name in 1968 and references economist William Lloyd when talking about the devastation of pastures in England back in 1832. This example proves that all individuals act on self-interest by contrasting the limited use of private owned pastures to preserve the land and the health of its herd, to the common pasture that was devastated by all herdsmen.
Related Questions
The Greens want to put an addition on their house 18 months from now. They will need to save $10,620 in order to achieve this goal. They set aside the same amount each month, and after a year discover they have saved $6,120. The Greens must adjust their plan in order to meet their goal, so they came up with the following options: Option A: Stay with saving the original amount each month but put the addition on one month later than originally planned. Option B: Increase the amount of money they save each month by $120 from their original plan. Which of the following statements is true?a.Only option A will allow them to meet their goal.b.Only option B will allow them to meet their goal.c.Both options A and B will allow them to meet their goal.d.Neither option A nor option B will allow them to meet their goal
When Arnold took a new position at Galbrook Manufacturing Company, the firm was near insolvency. One of Arnold's first acts was to establish specific goals for sales growth and a strategy for achieving them. He also changed the organizational structure and developed an elaborate control system for keeping the company on track. Arnold is functioning in a(n) ____ position at Galbrook Manufacturing.
You endorse a check thata. you write. c. that was given to you. b. has no payee. d. has no date.
During 2016, P Company discovered that the ending inventories reported on its financial statements were incorrect by the following amounts:2014 $120,000 understated2015 150,000 overstatedP uses the periodic inventory system to ascertain year-end quantities that are converted to dollar amounts using the FIFO cost method. Prior to any adjustments for these errors and ignoring income taxes, P's retained earnings at January 1, 2016, would be:
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Answer: (A) Antitrust law
Explanation:
The antitrust law is the law that government imposed for increasing the competition in marketplace.
The antitrust law is basically promote the and also protect the level of competition in the market. It always ensure illegal business practices and the also proscribe the unlawful merges.
If the prices get lower in the geographical areas, it is one of the best example of explaining the antitrust law.
Therefore, Option (A) is correct.
B) physical goods
C) sustainable development
D) infrastructure
E) None of the above
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Answer: Economies of scale.
Explanation:
The economies of scale is the cost advantage a production company stands to gain by producing more units of a product.
The major advantage in economies of scale is the fact that as more units of a product is made, the cost of production is added to a larger number of products.
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Answer:
total cost incurred 2,250,000
Explanation:
From the inventory identity we solve for the added materials:
Beginning raw 390,000
purchase 890,000
ending raw (340,000)
added materials 940,000
Then, we solve for the cost adeed during the period, which are the cost incurred during the period:
added materials 940,000
labor 670,000
applied overhead 640,000
total cost incurred 2,250,000
B. quality improvement
C. interdisciplinary relationships
D. personnel policies and programs
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Answer: Personnel policies and programs
Explanation:
The personnel policies and the program is refers to the force of magnetism which is used to assess for reviewing the structural empowerment in an organization.
The personnel policies and the programs basically provide an innovation environment where the staff in an organization are empowerment and develop their empirical qualities which include the improvement, knowledge and the innovation.
According to the given question, the personnel policies and the programs are the structural empowerment of an organization that demonstrating the innovations in the health care organization.
Therefore, Personnel policies and programs is the correct answer.
what is a renter
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Answer:
No, owners are not covered by the Truth in Lending Act.
Explanation:
Based on this scenario it can be said that No, owners are not covered by the Truth in Lending Act. This regulation basically requires that all financing terms and conditions are disclosed if any such aspect like a low-interest rate, downpayment or other enticement is featured in the advertisement. Even though this is the case in this scenario, the Truth in Lending Act does not apply to individuals selling their own property and therefore does not apply in this situation.