Public goods tend to be _____ because the provider of the good cannot prevent someone from enjoying the good without paying for it, which means the good is
Public goods are non-excludable and non-rival, which leads to the free rider problem because individuals can benefit from them without paying. Examples include national defense and local streets, typically funded by taxes.
Public goods tend to be non-excludable, meaning that once a public good is provided, no individual can be effectively excluded from its use or benefits. Due to their non-excludable and non-rival nature, they can create a situation where there is an incentive for individuals to not pay for the good since they can benefit from it regardless of their contribution. This contributes to the free rider problem, in which it's difficult for market producers to sell such goods to individual consumers since anyone can use them without bearing the cost.
For instance, national defense is a classic example of a public good. It protects all citizens irrespective of whether they individually contribute to its funding. As a result, public goods like national defense and local streets are typically funded through taxes and provided by the government, thereby solving the free rider problem.
Suppose a country's annual growth rate of real gdp per capita is approximately 2%. by which year would the country double its real gdp per capita from $10,000 in 1950 to $20,000?
a.1970
b.1985
c.2000
d.2005
A competitive firm should always continue to operate in the short run as long as
The competitive firm will be able to continue and to continue in operating in a short run when there is a certain instance of having the marginal revenue of the company or business to be greater than of the average variable cost.
What is the difference between anomaly based monitoring and signature based monitoring?
Why was money scarce when crops produced a good profit? savestylesformat instructions?
Answer:
Was money scarce when crops produced a good profit? Money was scarce because whenever gold or silver was earned from exported products, it had to be sent to England to pay debts or to import needed goods.
A business subunit that consists of a collection of functions or departments that share responsibility for producing a particular product or service is known as a(n) _____.
The answer is division. It is essential in business or a company as this carries out a function of having to divide and share tasks and responsibilities of the people and in regards of having to manage the products and services for the market.
John is a u.s. citizen who bought a house in canada. this purchase will lead to a(n) ________.
a. decrease in the gdp of u.s.
b. decrease in the gdp of canada
c. increase in the gdp of u.s.
d. increase in the gdp of canada
Ragu, a spaghetti sauce maker, has decided to launch its most popular sauce flavors in a small pouch format that is more convenient to use. when they choose to launch their most popular sauce flavors, which are “tried and true”, instead of new flavors, ragu is seeking to minimize consumers' perception of ________.
Sally runs a hair styling salon. sally is a profit-maximizing owner whose firm operates in a competitive market. the marginal cost of a haircut is $15. what is the maximum wage that sally will pay her stylists?
When prisly inc. introduced a liquid detergent in the market, it noticed that the sales of its detergent powder significantly declined. prisly inc.'s loyal customers who previously purchased detergent powder switched to liquid detergent. as a result, prisly inc. was forced to reduce production of its detergent powder. this scenario exemplifies?
Maria, the vice president of sales for an international organization, believes that employees in her foreign offices understand best how to handle the personnel and practices in their offices. so when the corporate hr manager approached maria about reprimanding robert, a native parisian who is the paris office manager, for not doing things according to corporate policy, maria backed robert and said, "i believe that the home office should leave robert alone because he best understands the local culture." maria is a(n) ___ manager.
Maria is a polycentric manager.
A polycentric refers to an approach used by companies to recruit internationally. It is an international recruitment technique in which the Human resource hires personal for international businesses.
Further ExplanationIn a polycentric method, the indigenes or citizens of the host company are employed to some key positions such as managerial positions to control the day to day activities of the branch company.
The main reason why most international companies use this method is that they recognized the fact that the nationals of the host company have a clear understanding of the community and its culture and therefore, believed the locals can efficiently carry out the businesses of the subsidiary company.
The advantages of a polycentric approach include
The chances that the company would prosper is very high mainly because it is managed by the national of the host company It boosts the confidence of the local staff The recruiting of local employees is less expensive It promotes productivityThe Disadvantages of a polycentric approach include
It is difficult to manage the subsidiary It could be lead to a lack of effective communication between the parent company and the host due to the language barrier Thus, Maria is a polycentric manager.LEARN MORE:
Which of the following management orientations is most likely to fall victim to stereotyping https://brainly.com/question/8589473The Polycentric orientation is the opposite of ethnocentrism https://brainly.com/question/1369878KEYWORDS:
mariapolycentric approachmanagercommunicationsubsidiaryWhen elizabeth was asked to be the after-dinner speaker?
Bob claims that carla breached their contract for tutoring. carla responds that she never intended to enter into a contract with bob. the intent to enter into a contract is determined with reference to
The intent to enter into a contract is judged by the objective signs of agreement as interpreted by a reasonable person, not by a party's internal intention. Factors like offer, acceptance, consideration, capacity, and consent all play roles in forming a contract.
The intent to enter into a contract is determined with reference to the objective theory of contracts, which posits that a party's intention to enter into a binding agreement is judged by outward expressions (words, actions, etc.) rather than their internal, subjective intentions.
In contract law, the determination of whether a contract exists does not rely solely on a party's internal mindset but rather on how a reasonable person would interpret the parties' statements and behavior. This is also referred to as the meeting of the minds, where there must be a mutual understanding and agreement on the terms of the contract.
To establish the existence of a contract, there must be an offer, an acceptance of that offer, and consideration (something of value exchanged). Both parties must also have the capacity to contract and give consent freely without duress or undue influence. If Carla did not express her agreement to the tutoring arrangement in a way that a reasonable person would interpret as consent, she may not be legally bound by the contract.
If you wanted to find the job description for a certain job, where should you look?
According to the text book, if hurricane conditions are expected within 24 hours, which type of public advisory is posted?
A hurricane warning is posted when hurricane conditions are expected within 24 hours, signaling that preparations to protect life and property should be completed.
When hurricane conditions are expected within 24 hours, the specified public advisory that is posted is a warning. A warning system is established to alert the public about natural disasters. Watches are issued when the conditions are right for the event, but a warning, according to the National Weather Service, is issued when an event is imminent or has been confirmed. In the context of hurricanes, a warning indicates that hurricane conditions (winds of 74 miles per hour or higher) are expected somewhere within the specified area. Preparations to protect life and property should be rushed to completion when a warning is posted.
In each of the three pathways for potential nurses to take, each requires some level of clinical experience. True False
Use of the gdp deflator allows economists to estimate the real rate of growth of the economy.
a. True
b. False
In the presence of shortages, why would a firm, such as a restaurant with people waiting for a table or a theater with people waiting for a ticket, not raise prices when doing so would seem to increase profits?
The spread or difference that results when product price exceeds average total cost determines
how much is percent increase from 200 to 320
The _______ test asks the question: is the industry profitable or capable of being profitable?
A company provides wages to its employees based on the amount workers produce. the more employees produce, the more they earn. this type of plan is called:
The type of business plan according to the example above is called a commission plan. Commission plan refers to an arrangement that pays employees based on performance.
Further explanation
A commission plan is the best strategy in motivating the employees with an incentive instrument. It is generally payable to an employee to sell some products or services. A commission can be paid a percentage or a flat sum depending on the volume of sales. To calculate commission, you may multiply the relevant commission rate by the basis for a given period.
There are 3 types of commission paid to employees, such as:
• Straight commission
It means the entire commission of the worker is paid based on a proportion of their total sales. For extremely skilled and motivated employees, this can be a very profitable agreement.
• Base salary plus commission
The employee guaranteed base salary, plus a proportion of their revenues in a specified period, it is preferred by many employees. Because it brings benefit to the worker that during slower sales periods they can depend on their basic salary.
• Residual commission
This is prevalent in insurance companies where the employee would still receive a proportion of payments from his/her customers as long as the customer remains with the company.
Learn more
If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:
• Formula for calculating commission: https://brainly.com/question/6615293
Keyword: Business plan, business strategy, commission plan
Subject: Business
Class: 10-12
Sub-chapter: Management
Instructing your broker to buy or sell a stock at a particular price is a:
Bakeries and coffee bistros that offer pumpkin-flavored items only during the autumn season target their consumers primarily through __________ segmentation.
Bakeries and coffee bistros use seasonal segmentation to target their consumers with pumpkin-flavored items during the autumn season.
Explanation:In this case, the segmentation strategy being used is seasonal segmentation. Bakeries and coffee bistros target their consumers by offering pumpkin-flavored items only during the autumn season. By doing so, they are catering to the specific preferences and desires of their customers during a particular time of year.
This strategy is effective because it creates a sense of exclusivity and anticipation for the pumpkin-flavored items, as they are only available for a limited time. It also taps into the seasonal cravings and associations that people have with pumpkin during autumn.
To further attract their target consumers, these businesses may use marketing tactics such as limited-time promotions, seasonal branding, and engaging social media campaigns that highlight the availability of their pumpkin-flavored items.
Learn more about Seasonal Segmentation here:https://brainly.com/question/31326665
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A blank occurs during the design process when one benefit is given up in order to obtain another
The use central bank policies to influence the level of economic activity is called
Sasha is the leader of a group project for her english class. every week, each member of the group is responsible for emailing sasha with their portion of the project. over the course of the semester, tanis-one of the group's members-had not turned in her work. the other group members email sasha to complain. one member in particular emails the entire group with mean, offensive, and untrue statements about tanis. in this situation sasha should not involve herself, but save the emails and ask her english teacher for advice on how to proceed.
a. True
b. False
Answer:
its true!
Explanation:
i took the test:)
The party organization is essential because it ______
The party organization is essential as it offers structure, supports candidates, and maintains the party's brand, while also facilitating lawmaking and voicing diverse opinions in Congress.
The party organization is essential because it provides the fundamental structure of a political party and encompasses its active members who are responsible for coordinating party behavior and supporting candidates. This organization is essential to the political process as it undertakes the crucial responsibilities of building and maintaining the party's brand, as well as playing a pivotal role in the selection and election of public office candidates. Moreover, it adds to the efficiency and discipline of Congress through organizational structure, aiding in lawmaking and representing the majority and minority opinions within the government.
There are several compelling arguments against job discrimination of any kind. utilitarians reject discrimination because
The primary drawback of the edison talking machine for sound recording was:
Final answer:
The main drawback of the Edison talking machine was its poor sound quality and difficulty in duplicating recordings, which limited the ability to share sounds widely.
Explanation:
The primary drawback of the Edison talking machine, or phonograph, for sound recording when it was first introduced was its limited sound quality and the fact that the recordings could not easily be duplicated. This made the distribution and widespread sharing of recorded sounds very challenging. At that time, the phonograph used a stylus to trace soundwaves onto a rotating disc or cylinder, which could then play it back, but the technology was not advanced enough to produce high-quality recordings or to facilitate mass production of these recordings. Other technologies, like the daguerreotype in photography, faced similar issues in the early stages, with the inability to reproduce images limiting their use.