The Coase Theorem works best in places that transaction costs for contracts among people is low. Often in the world of torts and externalities both parties can claim that they have rights to impose on others. One case is that of a railroad that is noisy and scares the cattle and the rancher whose cattle sometimes wander in front of moving trains causing damage to them and the train. What does the Coase say would happen

Answers

Answer 1

Answer:

The response can be defined as follows:

Explanation:

Whether the costs of interactions are cheap, there'll be an effective activity, either by railroad or rancher installing fences to safeguard software system development or noise isolation and washing with plants, or, when cheap, fewer train rides each day. Regardless matter who has the original right of ownership, the cheapest or most efficient alternative will be given.


Related Questions

what do you call a dog on the beach

Answers

it may be called as hot dog

Answer:

a beagle

Explanation:

An increase in the price of a good leads to: a decrease in the marginal utility per dollar of that good, and thus a decrease in the quantity purchased. an increase in the marginal utility per dollar of that good, and thus an increase in the quantity purchased. a decrease in the marginal utility per dollar of that good, and an increase in the quantity purchased. an increase in the marginal utility per dollar of that good, and a decrease in the quantity purchased.

Answers

Answer:

a decrease in the marginal utility per dollar of that good, and thus a decrease in the quantity purchased.

Explanation:

In Economics, the law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal (ceteris paribus).

According to the law of demand, there exist a negative relationship between the quantity of goods demanded and the price of a good i.e when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.

This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered.

The marginal utility of goods and services can be defined as the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

Hence, if a seller increases the price of a good, it would eventually lead to a decrease in its marginal utility per dollar, and thus, leading to a decrease in the quantity of the good that would be purchased by consumers.

For example, if there's an increase in the price of a chocolate cake, the marginal utility per dollar of the chocolate cake decreases and thus, leading to a decrease in the quantity of chocolate cake that would be purchased by the consumers; leading to a downward slope of its demand curve.

Nathalie is willing to apply for a car loan. She is 18 years old, still lives at home with her parents and has a part-time job during nights while attending college. In this scenario, a bank's loan officer is most likely to approve the loan in case that Group of answer choices Nathalie maintains a 3.5 GPA. Nathalie signs over her parents car as collateral. Nathalie provides a cosigner on her loan. Nathalie increases her student loan.

Answers

Answer:

Nathalie provides a cosigner on her loan

Explanation:

In the case when an inidvidual co-signs the loan so the individual is become obligated in a legal way to repay the full loan with respect to nathalie when she is not able to pay the amount. Also the loan officer would permitted in that case when the co-signer has the stable kind of job or the source of revenue.

So, nathalie not sign the car of the parent as the collateral as it required the parent consent

So the above should be the answer

The provision of a public good generates aAnswers:a. positive externality and the use of a common resource generates a negative externality.b. negative externality, as does the use of a common resource.c. negative externality and the use of a common resource generates a positive externality.d. positive externality, as does the use of a common resource.

Answers

Answer:

I'm not too dire about this

All of the following statements about the use of images on landing pages are true, except
a. images should be of professional quality
b. images should depict people being happy using the product
c. the right images can encourage visitors to explore the page further
d. visitors normally read the text closely on landing pages, so text is essential to accompany

Answers

Answer:

c is what i think

Explanation:

A , images should be of professional quality

Even before Michelle could explain why a prospect had not purchased her company's new line of ecofriendly outdoor furniture, her supervisor started explaining how she should have emphasized the fact that the furniture is made through a revolutionary recycling process and that the prices are justified by the furniture's quality and eco-friendly nature. In this scenario, the supervisor provided Michelle with __________ feedback by telling her how she could make better sales presentations.

Answers

Answer:

Informal feedback

Explanation:

In simple words, informal feedback relates to the feedback under which the feedback is not planned by either of the parties involved and the conversation regarding the review just happens occasionally unplanned. I

 Generally, In such feedback there is no exchange of information but one party dictates their view to the other. Hence, from the above we can conclude that the given case is an instance of informal feedback.

Which of these is the correct formula to calculate labor cost?

Answers

Answer: labor cost = hourly wage × total work hours

Explanation:

The labor cost refers to the the wage that's paid to an employee and thus can include the employee benefits as well.

With regards to the question, the labor cost will be the hourly wage multiplied by the total work hours. For example of the hourly wage is $15 and the total work hours is 20. Then the labor cost will be 20 × $15 = $300.

identify and explain two advantages to ruby of having part-time employees​

Answers

Answer:

Explanation:

make the 4 to 8 and the 8 to 47 by addind

if my movie starts at 11:26 am but it takes 48 minutes to get there what time will it be when I get there

Answers

Answer:

12:34

Explanation:

It will be 12:34 if you leave at 11:26

If you leave at 11:26 a.m and it takes you 48 minutes to get there, you will arrive at your movie at 12:14 a.m. This is the correct answer because 48+26=74. There are 60 min in an hour. 74-60=14 so add it to the hour ahead and it is 12:14. Hope this helps. I know this is correct.

Identify and explain two ways QC [ Queen of catering ] can create added value for its new service

Answers

Answer:

please asked questions nice ly oki didn't understand

When the direct write-off method is used, an entry for bad debt expense is required Multiple choice question. when each sale is made. at the end of the year. only when bad debts are recorded on the tax return. when the account receivable is determined to be uncollectible.

Answers

Answer:

When the direct write-off method is used, an entry for bad debt expense is required

when the account receivable is determined to be uncollectible.

Explanation:

The direct write-off method requires that immediately an account receivable is deemed uncollectible, the amount is debited to the bad debts expense account with the corresponding credit entry in the accounts receivable account.  The other method is the allowance method.  Unlike the direct write-off method, the allowance method involves the debit entry to made in the Allowance for Uncollectible Accounts.

Sanchez Foods Inc. is a large food manufacturing corporation that earns more profits than its competitors. The company uses only organically grown grains and fruits. It also promotes organic farming and helps nonprofit agencies that focus on food and nutrition causes. The company recently decided to use a third-party recycling logo. In this scenario, Sanchez Foods is most likely to have adopted the practice of _______.

Answers

Answer:

green marketing

Explanation:

From the question we are informed about the Sanchez Foods Inc. which is a large food manufacturing corporation that earns more profits than its competitors. The company uses only organically grown grains and fruits. It also promotes organic farming and helps nonprofit agencies that focus on food and nutrition causes. The company recently decided to use a third-party recycling logo. In this scenario, Sanchez Foods is most likely to have adopted the practice of green marketing.

Green marketing can be regarded as practice of developing as well as advertising products which is been

based on their real as well as their perceived environmental sustainability.

In a case, whereby green marketing activities of a Company are not substantiated from significant investments and doesn't substantiated by operational changes, the company

may be criticized as been using false or misleading advertising.

When using information technologies to collect data for the purpose of monitoring workers, a manager should do all of the following EXCEPT: a) Inform employees when and what is being monitored. b) Consider the privacy rights of individuals. c) Ensure monitoring is meaningful to the organization’s mission. d) Capture qualitative inputs in addition to quantitative data. e) Require workers to complete additional tasks.

Answers

Answer:

When using information technologies to collect data for the purpose of monitoring workers, a manager should do all of the following EXCEPT:

e) Require workers to complete additional tasks.

Explanation:

Keeping employees informed about the monitoring technologies being used and the purpose will engender trust in the relationship of the employer the employees.  Every monitoring application and technology must factor in the privacy rights of individuals.  For instance, it would be awful to monitor employees when and where they are answering the call of nature.  Consideration should be given to the value and meaning of the collected data towards driving the entity's mission.

Which of the following is true about crime? Group of answer choices When crime occurs in the context of business, no one is "really" injured. Crime undermines the expectations that we all have about living in a civil society. When an insurance company has to pay for a claim arising from a crime, the victim and society at large are injured, but not the insurance company. If the victims of embezzlement do not immediately notice the embezzlement, then they must not "need" the money anyhow, so no real crime has been committed. There are many crimes that are victimless.

Answers

Answer:

Crime undermines the expectations that we all have about living in a civil society.

Explanation:

If the economy is initially in equilibrium at full employment real GDP (QN), and a stock market crash reduces household wealth and lowers investor confidence, ceteris paribus, the ____________ curve will shift to the ____________ resulting in a ____________ price level (P), ____________ output/real GDP level (Q), and ____________ unemployment level (U).

Answers

Answer: aggregate demand; left; lower; lower; higher

Explanation:

If the economy is initially in equilibrium at full employment real GDP (QN), and a stock market crash reduces household wealth and lowers investor confidence, ceteris paribus, the (aggregate demand) curve will shift to the (left) resulting in a (lower) price level (P), (lower) output/real GDP level (Q), and (higher) unemployment level (U).

It should be noted that the crash in the stock market will lead to lesser funds in the economy and lessee funds with households and this will lead to reduction in the demand for goods which will shift the demand curve to the left.

aggregate demand; left; lower; lower; higher

In answer to a radio advertisement, a teenager two months shy of his 18th birthday contracted to buy a late model car from a car dealership. The agreement required a $1500 down payment with the remainder of the $7200 price to be paid in monthly installments to a local finance company. The teenager’s first eight payments were made regularly until his driver's license was suspended. He then informed the company that no further payments would be forthcoming. The finance company sued for the remaining payments. The age of majority in the teenager’s state is 18 years. Would the teenager be liable for the balance of the payments?
A. Yes, because the car dealership was liable on the contract from the outset, notwithstanding the teenager’s minority.
B. Yes, because he kept the car for six months after reaching the age of majority.
C. No, because he was a minor at the time of the contracting, and the contract is voidable by him.
D. No, because he informed the finance company in a timely manner after his driver's license was suspended.

Answers

Answer: B. Yes, because he kept the car for six months after reaching the age of majority.

Explanation:

When the teenager had not reached the age of majority, holding him liable for the contract would have been challenging. The teenager however reached the age of majority he became legally liable for decisions and contracts.

After this age, he had the car for 6 more months which means that he had accepted the contract as an adult. He cannot therefore simply wiggle out of the payment because he signed an enforceable contract.

Why does ray of light coming through denser medium bend when it
enters into rarer medium?​

Answers

Answer:

this occurs as a result of different refractive index of the two media

Answer:

It actually depends on the angle at which the incident ray hits the boundary face between both mediums

So if the incident ray coming from an angle enters the rarer medium it causes the refracted ray to bend away from the line of the normal

Step-by-step explanation:

I hope it was of help I tried explaining the best I could

Think of a situation when you received a bad news with direct pattern (without any buffer). How did you react in that situation?

Answers

Bajáis s and sjsisiejen ejejd

Answer:

first of all, don't freak out.

stay calm, n think of wat u hv jxt heard. if u can find a solution, do it asap buh if not accept it in good faith

_________ is considered one of the four scarce economic resources.
a
Entrepreneurship
b
Money
c
Time
d
Business planning

Answers

Answer:

a. Entrepreneurship

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

This ultimately implies that, entrepreneurship is considered one of the four scarce economic resources.

An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.

In conclusion, the four (4) main characteristics of an entrepreneur are; innovative, risk taker, passionate and self confident.

Answer:

A. Entrepreneurship

Explanation:

Entrepreneurship is considered one of the four scarce economic resources.

Suppose Johnson's Rubber Factory belches black smoke into the air over the city of Bellowsville. If the city of Bellowsville attempts to internalize the external costs associated with the production of rubber with a pollution tax, then we expect: Group of answer choices Johnson's Rubber Factory will not change the amount of rubber supplied at each price. at each price, a smaller quantity of rubber will be supplied by Johnson's Rubber Factory. Johnson's production costs not to change. at each price, a larger quantity of rubber will be supplied Johnson's Rubber Factory.

Answers

Answer: at each price, a smaller quantity of rubber will be supplied by Johnson's Rubber Factory

Explanation:

Eexternal costs refers to the cost that's incurred by an economic agent like the individuals or firms based on the economic transaction that they aren't directly involved in. They're the spillovers based on someone else production or consumption activities.

In this case, if the city of Bellowsville wants to internalize the external costs that's associated with the production of rubber with a pollution tax, therefore it should be expected that at each price, a smaller quantity of rubber will be supplied by Johnson's Rubber Factory.

The principle function of an interest group is to: Group of answer choices provide its members with educational and social opportunities. contribute money to candidates for public office who favor its programs. attain favorable decisions from government on issues that it supports inform the public on the role of interest in the economy

Answers

Answer:

I cannot help u on this problem buddy

A new computer firm analysed its cost function for the past 12 months. The firm pays $2000 every month for rent and an annual fee of $2500 for insurance. Although the cost of raw materials changed constantly, the firm was surprised at the total amount of $300 to be paid to suppliers given its output for the year. Finally for each additional worker that the firm employed, it incurred the following costs of $3, $3.25, $3.50,$3.75, $4 to produce each additional unit output.

From the data given for the computer firm, calculate EACH of the following costs:

Fixed costs

Total cost

Marginal cost

Answers

Answer:

fixed cost-26, 500

marginal cost-314. 50

total including both fixed and marginal add the two- 26,814.50

Help please :)

In a circular flow diagram, households represent the elements of the
economy that:
A. sell products to consumers.
B. produce goods and services.
C. provide businesses with materials.
D. purchase and consume products,

Answers

Answer:

Produce good & services

Explanation:

In the circular-flow model of an economy, households own all the factors of production. Households earn their income when firms purchase or rent these factors of production to use them to produce goods and services. Firms, in turn, earn revenue when households buy goods and services.

Answer: B

Explanation:

The Role of Households

In a circular flow diagram, households consume the goods offered by the firms. However, households also offer firms factors so that the firms can produce products for the household to later consume.

all three level of professionals are required to run an organization or a business is smoothly classified as a statement ​

Answers

All three levels of professionals are required to run an organization or a business smoothly. Justify this statement.

Answer:

It is TRUE that All three levels of professionals are required to run an organization or a business smoothly.

The three levels of professional required are:

Top-level management

Middle-level management

Low-level management

Explanation:

Top-Level Management

Top-level managers or professionals are the people that involve in taking an extensive means of actions or decisions for the firm or business as a whole and focus on the long-term success of the business or company. They take up roles such as Chief Operations Officer (COO), ), Chief Financial Officer (CFO), Chief Executive Officer (CEO), etc.

Middle-Level Management

Middle managers or professionals are an essential part of an organization and they are involved in the intermediate management operation whose responsibility involved supervising the lower-level managers to meet the company's goals. For example, they are General managers, branch managers, department managers, etc.

Low-Level Management

Low-level managers or professionals are a core part of organizations, they ensure there is a practical technique and creativity with strong interpersonal skills to maximize particular operational processes to achieve organizational success. For example, they are Office Manager, Shift Supervisor, Store Manager, etc.

Monetarists believe that changes in the supply of money Question 24 options: do not affect aggregate demand. affect aggregate demand through the loanable funds market only. affect only the investment component of aggregate demand. affect aggregate demand directly.

Answers

Answer: affect aggregate demand directly.

Explanation:

Monetarists believe that money supply is very important in determining the economic growth of an economy and this is why they advocate for monetary authorities to get involved in the monetary system in order to guide the growth of the economy.

To monetarists, the supply of money influences consumption as well as investment and so directly affects aggregate demand because both consumption and investment are components of aggregate demand. For instance, an increase in money supply increases both consumption and investment and so increases aggregate demand.

There are two methods to determine the Golden Rule capital level, looking at steady-state: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices consumption per worker or comparing the marginal product of capital to the saving rate. consumption or comparing the marginal product of capital to the depreciation rate. output per worker or comparing the marginal product of capital to the saving rate. output per worker or comparing the marginal product of capital to the depreciation rate.

Answers

Answer:

consumption or comparing the marginal product of capital to the depreciation rate.

Explanation:

The two methods that measures the capital level of the golden rule is the consumption or it should compared the capital marginal product with the depreciation rate. As the golden rule capital level shows the leval in which the consumption made in the steady rate should be maximized

So for this the above option should be considered

Therefore the other options are wrong

All of the following are true about the post-closing trial balance, except: a.It is prepared after posting the closing entries to prove the equality of the debit and credit balances in the general ledger accounts. b.Only permanent accounts are listed in the post-closing Trial Balance. c.The owner's capital balance listed on the post-closing Trial Balance was updated to reflect revenues, expenses, and drawing for the accounting period. d.It is prepared before the closing process.

Answers

Answer:

All of the following are true about the post-closing trial balance, except:

d.It is prepared before the closing process.

Explanation:

The post-closing trial balance is rather prepared after the closing process.  This is the reason it is described as a post-closing trial balance.  Only permanent accounts (balance sheet) are listed on the post-closing trial balance.  The post-closing trial balance ensures that the capital account is updated with the retained earnings (net income less drawings), as the case may be.

An improvement in technology that allows workers to process twice as many insurance forms in an hour than before will cause Group of answer choices more labor to be employed because its marginal revenue product has fallen. an increase in insurance premiums. fewer workers to be employed because their marginal revenue product has decreased. more workers to be employed because their marginal revenue product has increased. fewer workers to be employed because their marginal revenue product has increased.

Answers

Answer: fewer workers to be employed because their marginal revenue product has increased.

Explanation:

Insurance companies hire more people in order to make more profit as they would process more insurance forms. If technology was made such that employees were able to process twice as many forms in the same time, a lot of workers would be terminated.

This is because companies are always looking for ways to save costs and if it turns out that they can get rid of some people and still be able to keep production at the same level, they would do so. The insurance companies would therefore fire some workers because they would still be able to keep on processing the same amount of insurance forms.

The personal liability umbrella policy is designed to provide a catastrophic layer of liability coverage on top of the individual's homeowners and automobile insurance liability coverages

Answers

Answer: True

Explanation:

Personal liability umbrella policy was made to provide protection to people should a catastrophic legal claim or judgement be passed on them.

For the coverage to be offered however, the insured must have underlying policies such as homeowners and automobile liability insurance coverage because the personal liability umbrella policy will only pay out after those underlying policies have paid out.

Why is the safety of principal the primary consideration in a savings plan?​

Answers

Answer:

In simple words, When it comes to conserving money, the most crucial factor to remember is the protection principle. When you save enough money beyond what you'll need for short-term objectives and emergencies, you'll have money to invest. Professionals advise saving one to two years' worth of account value in a contingency savings.

Thus, protecting principal is the core focus of the managers in savings plan.

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