Suppose you and your classmates live next to a lake that is filled with fish. If these fish are caught, they can be sold at a premium to local restaurants, implying the marginal private revenue from fishing is very high. Even though you and your classmates have differences in fishing ability, assume the fish are, nonetheless, very easy to catch, implying the marginal private cost of fishing is very low. Lastly, legal ownership of the lake has never been officially determined or specified in any way. Are the fish in the lake a private good

Answers

Answer 1

Answer:

no

Explanation:

The fish in the lake is a common resource

A common resource is a good that is non excludable but rivalrous

Due to the fact that the legal ownership of the lake has not been specified, everyone and anyone can fish from the lake. this makes the lake non excludable.

the lake would have been excludable if it was a private lake and people had to pay to make use of the lake

the fish in the lake is rivalrous because if a fish is caught, other people cannot catch the fish.

A private good is a good that is excludable and rivalrous


Related Questions

Tomato sauce and spaghetti noodles are complementary goods. A decrease in the price of tomatoes will a. decrease consumer surplus in the market for tomato sauce and increase producer surplus in the market for spaghetti noodles. b. increase consumer surplus in the market for tomato sauce and decrease producer surplus in the market for spaghetti noodles. c. increase consumer surplus in the market for tomato sauce and increase producer surplus in the market for spaghetti noodles. d. decrease consumer surplus in the market for tomato sauce and decrease producer surplus in the market for spaghetti noodles.

Answers

Answer: c. increase consumer surplus in the market for tomato sauce and increase producer surplus in the market for spaghetti noodles.

Explanation:

A complementary good is the one which can be used only with another good. For example a CD can only run in a CD player or any other suitable device so the sales of CD is dependent upon the availability of device used to pay it. Other examples are tennis ball and tennis racket, mobile phone and sim cards, and others.

According to the given situation the decrease in price of tomato will be an advantage to the consumers as they will be able to purchase them with an affordable price and can produce tomato sauce this will promote the production of spaghetti noodles as tomato sauce is consumed along with spaghetti noodles this way the tomato sauce and spaghetti noodles are complementary goods for each other. The sales and production of one good will affect the sales and production of another.

You just celebrated your first full year in business. You earned
$100,000 in revenue and had $65,000 of expenses. The
$35,000 you have left is called your...

1. Profit
2. Sales
3. Services
4. Expenses
5. Goods

Answers

Answer:

I think its #1 bro i don't know

Why does the quantity supplied of stock go up when prices go up? A. Companies want to issue more stock when prices are high B. So Supply will match Demand C. More current owners are willing to sell their shares at a high price D. More expensive stocks make better investments

Answers

Answer:

I think its A

Explanation:

Technology plays a role in a variety of industries and the ways that technology impacts marketing are vast and diverse. In a concise one-paragraph summary, narrow down the use of technology in marketing and explain the importance of computers and the internet in marketing.

Answers

Answer:

Marketing is a commercial practice by which companies seek to promote their products, trying to attract consumers through advertisements, promotional campaigns and market research, aimed at meeting the needs of consumers. For this, companies rely on technology (internet, television, radio, etc.) to be able to massify their products, advertising them through the mass media. Within this process, the internet is one of the most important marketing tools, since it allows companies to reach all parts of the world, where potential consumers from any territory can see the advertisements just one click away.


What is the difference between specialization and cross-training?
A. Specialization is for employees at the top management level of
the company while cross-training is for employees at the entry
level.
B. Specialization is for employees who have an advanced degree
while cross-training is for those who do not have an advanced
degree.
C. Specialization is for employees who love what they do while cross-
training is for employees who don't love any one particular area of
their work.
D. Specialization leads employees to focus on a single skill or task
while cross-training deals with training employees in multiple skills
or tasks.

Answers

Answer:

D. Specialization leads employees to focus on a single skill or task

while cross-training deals with training employees in multiple skills

or tasks.

Explanation:

Job specialization can be defined as a strategic process which typically involves the ability of employees working in an organization to develop specific skills, knowledge, great expertise or professionalism and experience to perform their duties, tasks or job functions effectively and efficiently.

In order to gain the requisite skills, expertise and knowledge for job specialization, it is very important for the employees to have undergone an extensive training and a good number of years in work experience.

The primary purpose of job specialization is to increase efficiency and productivity because the employees are able to specialize in the use of specific tools (equipments) to accomplish their tasks, as well as limit the level of error or mistakes in the production process.

On the other hand, cross-training can be defined as a learning process which typically involves teaching an individual or group of people multiple skills that are relevant to their job position or roles in an organization.

Hence, the difference between specialization and cross-training is that, specialization leads employees to focus on a single skill or task while cross-training deals with training employees in multiple skills or tasks.

PM Industries has two service departments (Administration and Maintenance) and two operating departments. Departmental costs before allocations are $950,000 for Administration and $1,650,000 for Maintenance. Maintenance costs are allocated on the basis of the number of LPM employees. Administration has 450 employees; Maintenance has 750 employees; Operating Department 1 has 1,350 employees and Operating Department 2 has 1,200 employees. Using the step-down method, how much of the cost from the Maintenance Department will be allocated to Administration

Answers

Answer:

The answer is " 873,529.412"

Explanation:

Following are the equation which the administration would be responsible for the costs of the maintenance departments:

[tex]\to 1,650,000 \times \frac{1,350}{(1,350+1,200)}\\\\\to 1,650,000 \times \frac{1,350}{2,550}\\\\\to 1,650,000 \times \frac{135}{255}\\\\\to 1,650,000 \times \frac{27}{51}\\\\\to 1,650,000 \times \frac{9}{17}\\\\\to \frac{14,850,000}{17}\\\\\to 873,529.412[/tex]

Determine which of the statements below is correct regarding information reflected on a monthly bank statement. Multiple choice question. Checks that the company writes will be listed as credits to the bank account on the bank statement. Deposits that the company makes will be listed as debits to the bank account on the bank statement. The information on the bank statement reflects the customer's records. The information on the bank statement reflects the bank's records of the depositor's account.

Answers

Answer:

The information on the bank statement reflects the bank's records of the depositor's account.

Explanation:

The monthly bank statement is the bank statement that issue the statement on monthly basis by the bank which reflects the depositor banking records i.e. collection and payment during the month.

So according to the given option, the last option is correct

Hence, the same would be relevant

And, the rest of the options are wrong

1.____What auto car insurance is required by IL?
A. Property Damage and Bodily Injury
B. Collision and Comprehension
C. Medical and Schmedical
D. All the above

Answers

i’m pretty sure the answer is A! not 100% tho!
Auto Insurance: It is a contract between two parties of which is the insurer, and the other one is insured. An insurer is a person who agrees to pay the insured in any unforeseen circumstances like accidents, thefts, property damage, etc. In case of auto insurance, the insurance company takes the responsibility of all the damages which are done to the holder of the auto or the auto, but it does not take the responsibility of any legal damage to the insured.

The government can make money by borrowing from its population in the form of governmental bonds.

A. True
B. False

Answers

False I think I’m not sure tho

Answer:

False

Explanation:

Which aspect of the organization should Albert have been aware of before joining it?
Albert has recently joined a business organization. After a few weeks, he has realized that he is not happy with the organization's values,
management style, and policies. He is thus finding it difficult to perform daily tasks. He wishes he had found some information about the
organization's
before joining it

Answers

Answer:

well you have to think before taking action in something

3.____What type of insurance covers damage done to your car by another car when the accident is your fault?
B. Property Damage
C. Medical payment
C. Collision
D.All the above

Answers

Collision I had this question once on my test

The US Patent and Trademark Office (USPTO) is under the following Department: _____. A. Department of Commerce B. Department of Treasury C. Department of State D. Department of the Interior

Answers

Answer:

Department of commerce

Explanation:

QUESTION 8 of 10: You buy a lathe for $20,000. Its useful life is 10 years. Each week, over 10 years, you recognize an equal portion of its cost. This is called depreciation. What is your weekly depreciation for the lathe?

Answers

Answer:

the weekly depreciation is $38.46

Explanation:

The computation of the weekly depreciation is shown below;

Given that

The Purchase value of the lathe is $20,000

Useful life is 10 years

So,  the annual depreciation is

= $20,000 ÷ 10 years

= $2,000 per year

Now the weekly depreciation is

= $2,000 ÷ 52 weeks

= $38.46

Hence, the weekly depreciation is $38.46

We evaluate historical sources by determining if they are valid or reliable.

True
False

Answers

Answer:

True

Explanation:

We evaluate historical sources by determining if they are valid or reliable. The given statement is True.

Why is it important to evaluate historical sources?

You are prompted to use critical thinking skills while evaluating information to consider the authority, timeliness, point of view, and bias of various information sources. A book, article, or website is not always a trustworthy source of knowledge just because your search parameters are met by it.

Evaluating historical sources is an essential aspect of historical research, and determining their validity and reliability is crucial to understanding the past accurately. Validity refers to the accuracy and truthfulness of the information provided by the source, while reliability relates to the consistency and credibility of the source. Both validity and reliability are necessary to ensure that the historical source is trustworthy and can be used to support historical claims.

Thus, the mentioned above-given statement is true.

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Which of the following is an
example of a wellness perk?

Answers

Answer:

I think it's letter

"A"

COBRA

Name and briefly describe the quantitative methods of control (ABM)

Answers

Type # 2. Quantitative Control Techniques:
Budgets such as: (i) The regular operating, capital expenditure, sales and cash budgets; and. ...
Control Centres.
Audits such as: (i) Internal audits, ...
Ratio analysis (RA).
Break-even (BE) analysis.
Time-preference charts and techniques such as:

Mathematical and statistical techniques are the two main categories of quantitative management methods.

What is quantitative management?

Computers and mathematical methods are used in quantitative management to sort through financial statistics and choose stocks. Managers use previous quantitative linkages they have observed to inform "models" that aid in stock selection.

Screening is the process of examining historical information on businesses using a computer. A quantitative manager may develop a program to screen 2,000 stocks based on a specific set of traits or criteria.

The manager might prove, for instance, that historically, stocks with low price-to-earnings ratios and rapid earnings growth during the previous two years outperformed the market the following year.

The simplicity of using a model once it is established is the obvious advantage. Given the constantly shifting landscape of the financial markets, developing the model is the challenging aspect.

It might be challenging to incorporate enough adaptability into a model in quantitative management without adding too many additional variables.

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You received a great money-saving credit card offer in the mail, complete with a rewards program. After you read on further, however, you find that the one dollar spent for every mile earned may not be such a great offer after all, since getting a $500 airline ticket only happens after you first acquire 25,000 miles (spending $25,000 to do so). This is a ________ schedule. fixed-ratio variable-interval variable-ratio fixed-interval

Answers

Answer: variable-ratio

Explanation:

Based on the information given, since getting a $500 airline ticket only happens after one acquire 25,000 miles (spending $25,000 to do so), this is Variable ratio schedule.

Variable-ratio schedule is regarded as a form of reinforcement which occurs when there is a reinforcement of a response when there are different responses that are unpredictable and this lead to a high number of responses. An example is lottery and gambling.

Net present value: Select one: is the best method of analyzing mutually exclusive projects. is less useful than the internal rate of return when comparing different-sized projects. s the easiest method of evaluation for nonfinancial managers. is the easiest method of evaluation for nonfinancial managers. cannot be applied when comparing mutually exclusive projects. is very similar in its methodology to the average accounting return.

Answers

Answer:

is the best method of analyzing mutually exclusive projects

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

Accounting rate of return = Average net income / Average book value  

Average book value = (cost of equipment - salvage value) / 2

NPV is more preferred to IRR for projects with multiple negative cash flows during the project live .

Savings Goals

Using post-it notes, small pieces of paper, or a piece of scrap paper, brainstorm specific savings goals you would like to meet. These goals can vary from small (saving for a new pair of sunglasses) to big (saving for college). Aim to come up with at least 15-20 ideas.

Answers

Answer:

I am sorry fam this won't be an answer to your question, but I figured out how to see the answers on brainly for ya'll that don't have premium. You just need to right click on the page of your question and then click on "view page source" for me the shortcut is ctrl+ U. I don't know about yall's. when you do that it will open up a weird looking page then you want to scroll down, what you wanna focus on are the black letters, the others will be colored red or blue or whatever just focus on the black letters. It just gonna show you the answer and the comments too. Your welcome pudgy boi.

Explanation:

Sshheeeeeeshh

Pete would like to respond only to users within his organization with an automatic reply. He is configuring the automatic response. Which option should he select?

answer b

Answers

Answer: B: Inside my organization tab

Explanation: edge 2021 unit review

Lifelong Learning( Veronica takes advantage of all training opportunities offered at her job. She registered and attended workshops on diversity, cultural awareness, computer programs, etc...)This is an example of a ... *

Answers

Answer:

Lifelong Learning

Explanation:

This is an example of Lifelong Learning. This term refers to when an individual pursues knowledge in any and all shapes and forms from their own free will. This means that they are voluntarily going after knowledge and taking every opportunity to learn more without being forced to do so. Usually, because they believe that knowledge is power and want to learn because they like to do so. This is exactly, what Veronica is doing by taking full advantage of any opportunity that becomes available for her to learn any new skill.

Which is considered a tertiary source?

A.) A Wikipedia article

B.) An autobiography

C.) A government record

D.) A journal entry

Answers

Answer:

A Wikipedia article.

Explanation:

A tertiary source are sources that compile info from other sources.

Answer:

B. An autobiography

Explanation:

It's a 3rd person source

Find two cases of life insurance fraud. Write a paragraph for each one explaining the details given. (how was the fraud committed, what was the purpose, how the person was caught, what happened as a result, etc.) Next, find one case of health insurance fraud and look up the same information.

Answers

Answer:

Health identity theft is when criminals steal victims names.

Explanation:

health insurance numbers and other personal data and then defraud insurers by making false claims. To combat the problem, some medical ...

2.____What is auto insurance based on in IL?
A. How much money you have
B. Fault
C. Your job
D. How tall you are

Answers

i think it’s B, but i’m not 100%

According to the video, what are some qualities needed by workers involved in sales? Check all that apply.
physical strength
politeness
first-aid skills
good speaking skills

Answers

Answer:

B and D

Explanation:

According to the video, politeness and good speaking skills are qualities needed by workers involved in sales. Thus, options B and D are the correct options.

What Does a Sales Representative Do?

Simply said, a sales representative promotes a company's brand while selling its goods or services. From the first lead outreach until the actual transaction, they maintain client connections and function as the primary point of contact. It is the perfect job if you want to be in control of your career because it is mostly performance-driven, meaning how well you sell directly affects how much money you earn.

All stages of the sales process involve a sales representative having direct consumer interactions. They are in charge of determining a customer's needs, making suitable product or service recommendations, and making sure they have a great experience from beginning to end. Some sales representatives would make cold calls to potential customers they locate in company directories or client referrals. 

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Question 7 of 10
Which of the following tells you what your gross and net income was for a
particular pay period?
A. W-4 form
B. Pay check
C. Tax return
D. Pay stub

Answers

Answer:

d. pay stub

Explanation:

Pay stub tells you what your gross and net income was for a particular pay period. The appropriate response is option D.

What is Pay stub?

An employer's pay stub is a record that lists an employee's gross pay, deductions from that pay, and net compensation. Paychecks are produced together with pay stubs.

Employees get a pay stub along with their paycheck that contains information about their gross pay, deductions made from it, and final net pay. Pay stubs should include information on tax deductions, health insurance premiums, and retirement contributions.

Your company will provide you with a non-binding pay stub that details your gross pay, benefits received, and net pay. Lenders, prospective employers, and other organizations utilize it to comprehend your earnings.

The appropriate response is option D.

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i need help with this problem
thank you in advanced

Answers

Answer:

Price will decrease when supply increases. Supply will increase when. Quantity exchanged will increase when supply decreases

Which could be the heading of Carrie's balance sheet?
Carrie's Balance Sheet (January 1, 2021)
Carrie's Balance Sheet (January)
Carrie's Balance Sheet (Friday, January 3)
O Carrie's Balance Sheet (January 2011 – January 2021)

Answers

Answer: Carrie's Balance Sheet (January 1, 2021)

Explanation:

A Balance sheet should be based on a particular day so that the records contained in it can be specific as of the day the balance sheet was made.

This is done because having a general date might be confusing as many transactions could take place in that period and there will be some confusion as to which ones need to be recorded and which do not. A specific date however, shows the events that have happened up until that very day.

A. Carrie's Balance Sheet (January 1, 2021)

edge 2021

Shelley was initially moderately in favor of a proposal to build a city bike path. At a meeting, she learns that not only will the path provide recreational opportunities and allow for some decrease in traffic, but that in towns with paths, the crime rate tends to go down and businesses along the path do better. She is now strongly in favor of the proposal. The theory that best explains her change of opinion is the __________ theory.

Answers

Answer:

The appropriate response is "Persuasive arguments".

Explanation:

A noninteractional concept or philosophy of community judgment predicting choice results via cognitive or conceptual claims produced by individuals before the debate is determined as Persuasive arguments theory.It doesn't see dialogue as an important element of judgment results, although as a potential mechanism for facilitating communication.

Thus the above is the right answer.

what is the difference between absolute advantage and competitive advantage

Answers

Answer:

Absolute advantage refers to the uncontested superiority of a country or business to produce a particular good better. Comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production diversification

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