Use the following classification to determine which category each of the following goods falls into. Goods Private Good Club Good Common Resource Public Good Museums that require admission fees Public swimming pools with free admission during summer Metered parking at a municipal parking lot Flood control Public basketball courts
Answers
Answer:
swimming pool is public good. basketball court public good. museums with admission fee are club good, metered parking public good. flood control public good
Explanation:
Related Questions
Pelican, Inc. had revenues of $395,000, expenses of $155,000, and dividends of $54,000 during the current year. Based on the given information, which of the following statements is true?a. Net income for the current year totaled $186,000. b. Total retained earnings decreased by $186,000 during the current year. c. Total retained earnings increased by $240,000 during the current year. d. Net income for the current year totaled $240,000
Radar Company sells bikes for $490 each. The company currently sells 4,300 bikes per year and could make as many as 4,620 bikes per year. The bikes cost $260 each to make: $180 in variable costs per bike and $80 of fixed costs per bike. Radar received an offer from a potential customer who wants to buy 320 bikes for $460 each. Incremental fixed costs to make this order are $48,000. No other costs will change if this order is accepted.Required: Compute Radar’s additional income (ignore taxes) if it accepts this order.
Sommer, Inc., is considering a project that will result in initial aftertax cash savings of $1.75 million at the end of the first year, and these savings will grow at a rate of 2 percent per year indefinitely. The firm has a target debt-equity ratio of .80, a cost of equity of 11.5 percent, and an aftertax cost of debt of 4.3 percent. The cost-saving proposal is somewhat riskier than the usual project the firm undertakes; management uses the subjective approach and applies an adjustment factor of 3 percent to the cost of capital for such risky projects.
The marginal benefit from consuming another unit of a good: equals the total benefit obtained from the consumption of all prior units. equals the increase in total benefits from consuming the unit. must be less than the marginal cost or the unit will not be consumed. must equal the marginal cost or the unit will not be consumed.
Answers
The difference between the sole proprietorship and limited liability company is that, in a sole proprietorship, the owner can start the company in his own name and under no legal liability. The owner is not treated as a separate entity than the business.
In a restricted obligation organization, the business is dealt with distinctively and a different element than the individual who maintains the business. Any financial issue or liability is bourne by the sole proprietor himself whereas in LLC it becomes the companies liability and that too up to the amount they can afford.
Whirlpool bath $10,000
Maintenance of the whirlpool $1,000
Increased utility bills associated with whirlpool $1,000
Entrance ramp, various home modifications $10,000
Bebe Rexha's deductible medical expenses will be _______.
Answers
Answer:
$31000 will be allowed as expenditure
Explanation:
given data
Wheelchair = $10,000
Whirlpool bath = $10,000
Maintenance = $1,000
Increased utility bills = $1,000
various home modifications = $10,000
solution
as here value of the home increased = $1000
and that is increaed utility bill of the whirlpool
so that expenditure will be added to value of asset
so
total expenditure is = $10000 + $10000 + $10000 + $1000 = $31000
so $31000 will be allowed as expenditure
Answers
Suppose that there are two goods, X and Y, that are competing for dominance in a market with network externalities. Furthermore, suppose that the market has chosen good X even though it is inferior to good Y and that the net benefits of switching from X to Y are $20 while the costs of switching are $30. If the market stays with good X, then __________________ has occurred. If the costs of switching were to fall to $15 and the market still stays with good X then ___________________________.
A) No market failure; market failure has occurred.
B) Market failure; no market failure has occurred.
C) No market failure; there will still be no market failure.
D) Market failure; there will still be market failure.
Answer:
The correct answer is A)
Suppose that there are two goods, X and Y, that are competing for dominance in a market with network externalities. Furthermore, suppose that the market has chosen good X even though it is inferior to good Y and that the net benefits of switching from X to Y are $20 while the costs of switching are $30. If the market stays with good X, then No Market Failure has occurred. If the costs of switching were to fall to $15 and the market still stays with good X then Occurred
Explanation:
Market failure is the economic situation defined by an inefficient distribution of goods and services in the free market.
Reasons for market failure include: positive and negative externalities, environmental concerns, lack of public goods, under provision of merit goods, over provision of demerit goods, and abuse of monopoly power.
In the question above, we see that at first there is a substandard good but people stick to it because it cost much more to switch than to enjoy the utility derivable from the good. This is logical. So there the forces of the market (price, demand and supply) are functional by themselves.
On the other hand, the cost of switching falls below the value of the benefit derivable. Logically, because it is an inferior good, people ought to switch because there is a better alternative. However because the market stays same, it means that the forces have failed to adjust accordingly.
Cheers!
Answers
The mean depression level for the first group is μ₁= 16.
The mean depression level for the second group is μ₂ = 12
The weighted mean is closer to 12 than to 16.
The calculated weighted mean for CES-D is 13.5
The calculated weighted mean for MAST is 17.25 ≈ 17.0 rounded to 17.
Calculating the weighted mean μ
μ= {where x1 =μ₁ and x2= μ₂ }
μ= 16×6 + 10×12/ 6+10
μ= 216/16
μ= 13.5
The first group has a mean score of μ₁= 18.
The second group has a mean score of μ₂ = 14
Calculating the weighted mean μ
{where x1 =μ₁ and x2= μ₂ ; w1= number of women in the first group and w2= number of women in the second group}
μ=
μ= 18×6 + 14×12/ 6+10
μ= 276/16
μ= 17.25≈ 17
The answer & explanation for this question is given in the attachment below.
b. You learn that Maxine’s current at-risk basis in her investment is $1,000 and that her share of the current loss is expected to be $13,000. Based on these facts, how will her loss be treated?
c. After reviewing her situation, Maxine’s financial adviser suggests that she invest at least an additional $12,000 in Teal to ensure a full loss deduction in the current year. How do you react to his suggestion?
d. What would you suggest Maxine consider as she attempts to maximize her current year deductible loss?
Answers
Answer:
Explanation:
a) What was the accountant referring to in his comment?
The accountant was referring to the fact that because passive activity losses can only offset passive activity income, she will not be able to deduct the losses in this year. However, she would be able to carry forward the loss to future years to offset any passive activity income generated in those years.
b) You learn that Maxine's current at-risk basis in her investment is $1,000 and that her share of the current loss is expected to be $13,000. Based on these facts, how will her loss be treated?
Based upon the fact that her basis in her investment is only $1000, her losses will be of that amount because of the at-risk limitation, which limits the taxpayer’s deduction by the amount “at risk”. If there is no passive activity income, this would be carried forward to when Maxine would dispose of her entire interest.
c) After reviewing her situation, Maxine's financial adviser suggests that she invest at least an additional $12,000 in Teal to ensure a full loss deduction in the current year. How do you react to his suggestion?
I believe that her financial adviser’s advice to Maxine is a good idea because if her current lossis expected to be $13,000, by contributing $12,000 in Teal, she would be able to deduct the full basis of $13,000 invested into the company. If there is no passive activity income, this would be carried forward to when Maxine would dispose of her entire interest in Teal.
d) What would you suggest Maxine consider as she attempts to maximize her current year deductible loss? She should consider the advice given to her by her accountant.
Answers
Answer:
Marketing mix.
Explanation:
Marketing mix is defined as a set of elements that make up marketing actions in an organization. According to Kotler, the purpose of the marketing mix is to help the company achieve its goals in the market by using a set of marketing tools.
There are several models developed to represent the marketing mix, but the most used by organizations is represented by four essential pillars for the development of any marketing strategy, which are the 4P's of marketing: product, price, place and promotion. For each variable there are distinct and relevant activities:
- Product: Differentiation of design, packaging, brand. Warranty Policy
- Price: Discounts and terms of payment and financing.
- Place: Store, distribution channel, logistics.
- Promotion: Advertising, promotions.