Question 19 (5 points) True/False Explain (no points for an unsupported answer): The production and consumption of education has characteristics of a public good in that some of the benefits that an education creates are enjoyed by society as a whole - not just the students who learn the material taught. The external benefits of education serve as an economic rationale for public funding of education to improve allocative efficiency.
Answers
The statement is true. Education is "a good public policy," not a private one, as stated. The idea that K–12 education satisfies economic needs for the good of society has been disproved several times, but the award keeps going forward.
According to Tom Vander Ark, education must advance the objectives that are important to the public, such as guaranteeing equitable opportunities and ensuring that all students have access to high-quality institutions of learning.
It must be indivisible (difficult or almost impossible to exclude individuals from good usage) and without rivalry (use of one person does not lessen benefit in others) for good to be considered "public good" in economics parlance.
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Related Questions
Find the effective rate of interest if payments of 300 at the present, 200 at the end of one year, and 100 at the end of two years accumulate to 800 at the end of three years.
Answers
Answer:
12.93%
Explanation:
Given that the amount of 300 is invested for 3 years, while the amount of 100 is invested for 2 years and 100 is invested for 1 year.
also amount accumulated in three years = 800
Applying the formula to find the future value we get
300(1+r)^3 + 200(1+r)^2 + 100(1+r) = 800
which can be further simplified to
300r^3+1100r^2+1400r+600=800
where, r is the effective rate of interest which we have to find out
The above equation is cubic in r, so to solve this we can use equation solver. When we put this equation in equation solver we get
r = 0.12926
r ≅ 0.1293
Therefore, effective rate of interest = 12.93%
Communication may account for as much as____ of a hiring decision.
a. 25%
b. 40%
c. 65%
d. 80%
It isnt d or b. So its either a or c.
Answers
I hope this helps
for a monopoly, the marginal revenue product (mrpmrp) is the value marginal product ( vmpvmp ).
Answers
For a monopoly, the marginal revenue product (MRP) is indeed equal to the value marginal product (VMP).
MRP refers to the additional revenue generated by hiring one more unit of labor, while VMP refers to the additional output or production that results from adding one more unit of labor. In a monopoly, the firm has complete control over the market and can set the price for its products. Therefore, the MRP and VMP are equal because the firm can sell its products at a higher price without facing any competition. This allows the firm to capture all the additional revenue generated by hiring one more unit of labor, making MRP and VMP the same.
Hi! For a monopoly, the Marginal Revenue Product (MRP) represents the additional revenue generated by employing one more unit of an input, such as labor or capital. In this case, the Value Marginal Product (VMP) is equivalent to the MRP, as both measure the increase in revenue due to a marginal change in input. However, it is essential to note that monopolies may have different pricing and output strategies compared to competitive markets, which can impact the relationship between MRP and VMP.
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For a monopoly, the marginal revenue product (MRP) is indeed equal to the value marginal product (VMP).
MRP refers to the additional revenue generated by hiring one more unit of labor, while VMP refers to the additional output or production that results from adding one more unit of labor. In a monopoly, the firm has complete control over the market and can set the price for its products. Therefore, the MRP and VMP are equal because the firm can sell its products at a higher price without facing any competition. This allows the firm to capture all the additional revenue generated by hiring one more unit of labor, making MRP and VMP the same.
Hi! For a monopoly, the Marginal Revenue Product (MRP) represents the additional revenue generated by employing one more unit of an input, such as labor or capital. In this case, the Value Marginal Product (VMP) is equivalent to the MRP, as both measure the increase in revenue due to a marginal change in input. However, it is essential to note that monopolies may have different pricing and output strategies compared to competitive markets, which can impact the relationship between MRP and VMP.
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U.S. businesses with just a single owner and no staff account for more than $990 billion in annual sales
a. True
B. False
Answers
Answer:
It is true I believe ...
Answer:
Its true
Explanation:
is it hard to get a job at chik fil a? kinda stupid question ik, I just really need money. if so any recommendations?
Answers
Answer: Maybe you can try getting a job at starbucks, mcdonalds, five below, etc. It depends how old are you.
Which statement best explains why interest rates are impprtant when saving money? A lower interest rate allows someone's debt to grow more quickly The higher the interest rate the more cost to save money in a bank The higher the interest rate helps someone's money grow larger over time The lower the interest rate, the less it costs tk save money in a bank
Answers
Answer:
The higher the interest rate helps someone's money grow larger over time
Explanation:
Interest rate is the percentage earned by depositors on their deposit. For example, if a person save $200. If the interest rate is 10%, the person earns $20 on her deposit.
The higher the interest rate, the higher the growth in deposit.
For example if a bank offers a compound interest of 10% on deposit and another bank offers a compound interest of 20% on deposit. If $200 is deposited, after 3 years, the total amount that would be had in each bank is
$200 x (1.1)^3 = $266.20
$200 x (1.2)^3 = $345.60
It can be seen that the amount after 3 years is higher at the bank with the higher interest rate
Quantity demanded is the O A. total amount of a good that purchasers wish to purchase at a given price during a given period of time. B. graphical representation of the relationship between demand and the price of a commodity. C. total amount of a good that people wish to sell, regardless of price. O D. actually consumed quantity that is expressed as so much per period of time. E. product of advertising, and is unrelated to price.
Answers
A. Quantity demanded is the total amount of a good that purchasers wish to purchase at a given price during a given period of time.
Quantity demanded refers to the specific quantity of a good or service that consumers are willing and able to purchase at a particular price within a specified time frame. It represents the quantity that consumers desire to buy at different price levels. The relationship between price and quantity demanded is typically negative, meaning that as the price increases, the quantity demanded tends to decrease, and vice versa. This inverse relationship is captured by the demand curve, where higher prices correspond to lower quantities demanded and vice versa.
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snell company performs services for a client in may and bills the client $4,000. in june, snell receives a partial payment of $1,800 cash. in july, the remaining $2,200 cash is received. determine the monthly revenue recorded in may, june, and july applying revenue recognition principle.
Answers
By applying revenue recognition principle, the monthly revenue recorded in May, June, and July are $4,000; $0; and $0.
What is revenue recognition principle?The revenue recognition principle means that the companies' revenues are recognized if the service or product is considered delivered to the customer; and not when the cash is already received. Determining what constitutes, a transaction may need more time and analysis than can be expected.
In this case, the Snell Co. service charge was at peak in May since the entire service income need to be accounted for in May. The amount owed from a client is considered as a current asset on the balance sheet, and once the amount is received from the client, it will be removed off from the current asset. So, it is added to $0 (zero dollars) company's cash balance. Thus, the cash collected in June and July is not recorded as revenue.
Hence, the monthly revenue recorded in May, June, and July are $4,000; $0; and $0.
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Select the four factors required for marketing to occur.
a. a desire to turn a need into a want
b. a way for the parties to communicate
c. two or more parties with unsatisfied needs
d. something for the parties to exchange
e. a desire for the parties to have their needs satisfied
f. a universal form of payment
Answers
The four factors necessary for marketing to occur are a desire to turn a need into a want, a way for the parties to communicate, two or more parties with unsatisfied needs, and something for the parties to exchange.
Marketing planIt is a document where the marketing objectives that will make a company well positioned in the market are described. It must be aligned with the company's objectives and the needs of the target audience.
Therefore, the marketing objectives correspond primarily to creating value for the consumer, through the satisfaction of their needs and desires and a focused communication that generates engagement and relationship.
The correct answer is:
a. a desire to turn a need into a want
b. a way for the parties to communicate
c. two or more parties with unsatisfied needs
d. something for the parties to exchange
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
What is friendship?? :)
Bye! Y'all!!
Answers
Answer:
agree with this
.................................
Answer:
just for fun
Explanation:
real friends are those who open their mouth to just insult there bestij
After settling a legal dispute, Frank must chose one of two settlement
payment options. He can either receive an immediate lump sum payment of
$250,000, or he can receive an installment payment package with annual
payments of $25,500 spread out over a span of 10 years. Which would likely
be more beneficial to him, and why?
A. The installment package would be better because it would prevent
him from spending all of his money immediately.
B. The immediate payment would be better because it is more
money overall.
C. The immediate payment would be better because he could use the
money immediately to invest it in a safe, low return account.
D. The installment package would be better because he'll have more
money in 10 years than with the lump sum.
Answers
After settling a legal dispute, Frank must choose The immediate payment of $250,000, because it would be better as he could use the money immediately to invest it in a safe, low-return account. Therefore, option C is the correct option.
What is investing?
Investing or investment is a financial term. It is both a tool and a source to generate wealth and income. Investment means putting the money in respect of an object, as the value of the objects differs with time so the value of the money will also differ accordingly. This fact about investment makes it both, risky and profit-making at the same time.
Thus, after a legal dispute is resolved, Frank must select the $250,000 immediate payment because it would be preferable because he could use the money right away to invest it in a secure, low-return account. As a result, choice C is the best one.
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the purpose of a budget is to do what?
O A. Earn a return on savings
O B. Make sure expenses are below income
O C. Reduce the size of fixed expenses
O D. Prevent discretionarily spending
Answers
The reason why we come up with budgets is to B. Make sure expenses are below income.
Why do we use budgets?
Budgets are beneficial because they help us spend our income in such a way that we still have savings and can take care of all our expenses.
This means that budgets help us to spend less expenses than income so that we can have savings.
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How to convince people to buy your wine.
Answers
Answer and Explanation:
Talk them into it..
Answer:
either make an ad, or make the wine actually delicous and do not click-bait. click-baiting will have your chances on people buying your wine to a lower chance.
When Kelsey decreases her price of lipstick from $7 to $5, she finds that her sales increase from 6 to 7. She faces ________ demand for her product, and this price change will ________ her total revenue.
Answers
Answer:
elastic; rise
Explanation:
Which best describes the types of indicators that the HDI measures?
O economic and industrial indicators
O infrastructure and social indicators
O social and economic indicators
O stability and social indicators
Answers
Answer:
O social and economic indicators
Explanation:
The Human Development Index (HDI) is a statistic used to measure a country's achievements in different aspects of its social and economic welfare. The united nations developed HDI to evaluate different dimensions of human development in a country. Dimensions of human development refer to people's health, educational level, and standards of living.
The HDI makes comparisons between countries by analyzing components such as average annual income and educational achievements.
Social and economic indicators is best describes the types of indicators that the HDI measures. The HDI analyzes factors such as average annual income and educational achievements to directly compare between countries.
What is HDI ?The Human Development Index is a metric that assesses a country's progress in various areas of social and economic development.
HDI was created by the United Nations to assess many aspects of a country's human development. Human development dimensions include people's health, educational attainment, and living conditions.
Thus, option C is correct.
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Match the term with the correct description.
Free Market
Fixed Market
The government increased involvement in the economy.
The government scales back involvement in the economy.
Answers
A free market is one in which the economic system is solely supported by voluntary transaction and the principles of supply and demand, without the involvement of the government.
What other term would you use to describe voluntary?Deliberate, intentional, or willing are a few words that are frequently used as synonyms for voluntary. Voluntary means freedom or spontaneity in choice or action without any outside force, even if all of these words indicate "done and brought out of one's own will."
Why is it referred to as voluntary?When something is voluntary, it is being done of one's own free will or volition. Since all the muscles linked to the skeleton are voluntary muscles, voluntary muscles are also frequently referred to as skeletal muscles or striated muscles (because the muscle fibers make them look striated, or stripy).
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an instance that would give rise to burden-on-commerce problems would be if ___________.
Answers
An instance that would give rise to burden-on-commerce problems would be if there are excessive or overly restrictive regulations, policies, or practices that hinder or impede the smooth flow of commerce and trade.
These burdens can include excessive bureaucracy, complex administrative procedures, high regulatory compliance costs, trade barriers, protectionist measures, or discriminatory practices. Such obstacles can create barriers to entry, limit market access, increase transaction costs, and hinder the efficient operation of businesses, thereby negatively impacting commerce and economic growth.
Burden-on-commerce problems can have detrimental effects on economic growth, investment, innovation, and job creation. Governments and policymakers often strive to strike a balance between necessary regulations and ensuring a conducive environment for businesses to thrive and contribute to overall economic development.
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Rigley pharmaceuticals is a small pharmaceutical manufacturer in the united states. The firm is looking to expand its line of vaccines to namibia, a country in southwest africa. The namibian economy is picking up and the country is looking for vaccines, but navigating the market from abroad is challenging. Rigley’s senior leadership is also wary of taking on 100% of the risk in expanding its product line to a foreign country and would prefer the assistance of a namibian firm. Given these circumstances, what would be the best method for rigley to expand to namibia? explain the reasoning behind your decision with relevant examples of the benefits of the chosen method.
Answers
Given the circumstances, the best method for Rigley to expand to Namibia is:
The use of Licencing.What is Licencing?This refers to a business arrangement where one business venture enters a formal agreement with another company to make use of its license in a temporary time frame to manufacture.
With this in mind, we can see that Rigley pharmaceuticals would have to make use of Licencing to expand its business in Namibia and also reduce risk of total loss.
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please typing or very clear hand writing thanks
c) $18000 is invested for 7 years 3 months. This investment is offered 8% compounded monthly for the first 4 years and 8% compounded quarterly for the rest of the period. Calculate the future value of
Answers
The future value of the investment can be calculated by dividing the investment period into two parts: the first 4 years with monthly compounding and the remaining period with quarterly compounding.
For the first 4 years, we can use the formula for monthly compounding to calculate the future value. The formula is: Future Value = Principal * (1 + (interest rate/number of compounding periods))^number of compounding periods * time. Substituting the values, the future value for the first 4 years is: Future Value (first 4 years) = $18000 * (1 + (0.08/12))^(12 * 4) * 4
For the remaining period, which is 3 months or 0.25 years, we can use the formula for quarterly compounding: Future Value (remaining period) = $18000 * (1 + (0.08/4))^(4 * 0.25) * 0.25. To calculate the total future value, we add the future values for the two periods together:Total Future Value = Future Value (first 4 years) + Future Value (remaining period)
Calculating the values using the formulas and summing them will give us the final future value of the investment.
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what is tourism ? Give some examples of the profession related to atourism
Answers
Explanation:
Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours.
Profession telated to tourism
1) Travel Agent. Travel Agents research, plan, and book trips for individuals and groups. ...
2) Hotel Manager. ...
3) Spa Manager. ...
4) Tour Operator. ...
5) Event & Conference Organiser. ...
6) Tour Guide. ...
7) Executive Chef. ...
8) Sommelier.
MARK AS BRAINLIST IF IT IS USEFUL
Answer:
Tourism comprises the activities of persons travelling to and staying in places outside their usual environment.
Examples of professions that are related to tourism are: Travel agent, hotel manager, SPA Manager, tour operator, tour guide, etc.
one of the "package of features" that make up a service is:
Answers
One of the packages of features" that make up a service is the quality of customer support provided. This includes factors like responsiveness, empathy, and knowledgeability.
In the context of a service, a "package of features" refers to the various aspects that contribute to the overall service experience. One such feature is the quality of customer support. Customer support is crucial because it establishes a direct line of communication between the service provider and the customer, ensuring that their concerns and queries are addressed efficiently. High-quality customer support should be responsive, meaning that customers receive timely assistance when needed.
Additionally, support staff should be empathetic understand the customer's needs, and be willing to help them. Finally, they must be knowledgeable, possessing the information and expertise to guide customers through any issues they may face. Overall, customer support is a vital component of the "package of features" that make up a service, greatly impacting customer satisfaction and loyalty.
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The controller compares the bank deposit to the journal entry for cash receipts to ensure that the bank deposit matches the accounting records for the _______ account.
Answers
Answer:
Cash account
Explanation:
The controller compares the bank deposit to the journal entry for cash receipts to ensure that the bank deposit matches the accounting records for the Cash account.
The comparisms of the bank deposit to the journal by the controller who is the organization's lead accountant
in banking or financial institution is necessary so that accounting record are in order, by making sure that bank deposits are placed into a deposit account, so that it can matches accounting record for cash account. It should be noted that cash account are controlled by Federal Reserve's Regulation.
If the offering price of an open-end fund is $13.00 per share and the fund is sold with a front-end load of 5%, what is its net asset value?
Answers
The net asset value (NAV) of the open-end fund with an offering price of $13.00 per share and a front-end load of 5% is $12.35 per share.
The net asset value (NAV) represents the value of each share of the fund's underlying assets. To calculate the NAV after the front-end load, we need to subtract the load percentage from the offering price. In this case, the load is 5% of $13.00, which is equal to $0.65. Subtracting $0.65 from the offering price gives us the net asset value of $12.35 per share.
In mathematical notation, the calculation can be represented as follows:
\(NAV = \text{{Offering Price}} - \text{{Front-End Load}} \\NAV = \$13.00 - (\$13.00 \times 0.05) = \$12.35\)
Therefore, the net asset value of the open-end fund is $12.35 per share after accounting for the 5% front-end load.
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what happens to the APR after 10 months
Answers
Answer: Once your 0% introductory APR period is over, you'll be charged a new interest rate and may even owe interest on any unpaid balance from before.
Explanation:
i think that's what you mean
The annual report for Jackson Farms disclosed that 1 billion shares of common stock have been authorized. At the beginning of 2017, 810 million shares had been issued and the number of shares in treasury stock was 111 million. During 2017, the only common share transactions were that 19 million common shares were reissued from treasury and 30 million common shares were purchased and held as treasury stock.
Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2017.
Answers
Answer:
a: 810 (million)
b: 111-19(issued)+30(purchased)= 122 (million)
c: 810 (issued)-122 (treasury)=688 million
Many entire vocations in the United States have disappeared in the last few decades. What if the following is a possible explanation for why vocations have entirely disappeared the last few decades?
Answers
A possible explanation for the disappearance of vocations in the past decade is advancement in technology.
With advancement in technology, many jobs have become obsolete as they can be performed more efficiently by computers compared with humans. For example, there are some record keeping tasks that people were employed to carry out but with the invention of efficient technology, humans are no longer to perform this functions.
Another job that is been rendered obsolete by technology is the job of a librarian. Most of the job functions carried out by a librarian can now be carried out computers.
Technology rendering jobs obsolete increases the rate of structural unemployment. This unemployment occurs when the skill labour posses are no longer demanded for in the economy.
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Answer:
The low cost of foreign goods could cause manufacturing to be done overseas
Please hurry!!!
how can a small company benefit from writing a marketing plan?
Answers
Answer:
One Page Marketing
Explanation:
One Page Marketing Plan can help simplify and maximize your marketing efforts as well as help you create an actionable to reach your business goals.
Richard has recently finished college and is about to prepare for his exam to become a certified public accountant. He wants to talk to other accountants to learn how best to prepare for this exam. Which professional organization would be most helpful for him to join?
Answers
Answer:
The accountant federation
What position can an investor take to hedge a short stock position? a long put b short put c long call d short call
Answers
An investor can hedge a short stock position by establishing a long put option position.
By establishing a long put option position, an investor can hedge their a short stock position by having the ability to sell their stock at a predetermined price. Without having to borrow the stock, short call option positions offer a similar method to short selling. Although short selling might be risky, the risk of a short position can be considerably reduced by using options. The prospect for limitless losses has traditionally been one of the most powerful arguments against short selling. Options provide a means for short sellers to protect their positions and lessen the impact of an unanticipated price increase. The greatest danger of a short position is a rise in the stock's price.
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