Answer:
(D) Abby, Ben, and Clara
Explanation:
Given that each of the five citizens will share the cost of the public good equally (that is, $200 each), citizens who derive benefits greater than $200 are likely to vote in favor of an equal share of the cost since this option will result in a net benefit of the public good to them.
For instance, net benefit to Abby = $220 benefit - $200 cost = $20 net benefit.
On the other hand, citizens who derive benefits worth less than $200 are less likely to vote in favor of an equal share since an equal share will result in a net loss to them.
For instance, net loss to Matt = $120 benefit - $200 cost = $80 net loss.
Therefore, Abby ($220), Ben ($210) and Clara ($210) are likely to vote in favor of a proposal for an equal share of the cost, since the benefit they derive is greater than the cost in an equal share $200.
Answer: <u>The correct answer is D).</u>
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Explanation: A blue ocean strategy is used to gain a broad and durable competitive advantage by abandoning existing markets and inventing a new market segment in which competitors are minimal and allow the company to meet a new demand.
Answer:
This is the sample answer
Explanation:
After a natural disaster, such as a major hurricane, there is increased demand for gasoline, lumber, bottled water, clothing, and other essential goods as people try to replace and rebuild what was lost. At the same time, the supply of these goods likely decreases because of disruptions to factories and transportation. Under normal market conditions, producers would raise their prices at the first sign of trouble, both to offset their own losses from the disaster and to obtain optimal profits.
However, people who have lost everything need to start rebuilding as soon as possible at a price they can afford to pay. The sooner the community is rebuilt and back to normal, the sooner the local economy will return to normal for both consumers and producers. For this reason, I think the government should introduce price ceilings on essential goods during a disaster. Many people would not be able to buy the goods they need without price ceilings. Although producers lose out on maximizing their profits, their actual losses are limited because they are allowed to raise prices to cover production and transportation costs driven up by the disaster.
Because citizens benefit so greatly from them, I think emergency price ceilings are beneficial to the economy as long as producers do not suffer significant losses from them.
Answer:
The correct answer is letter "B": monopoly.
Explanation:
A monopoly exists when one business is the sole or almost sole supplier of a good or service within a market. This potentially allows the business to become dominant enough to prohibit rivals from entering the marketplace resulting in minimal consumer choice, higher prices, and reduced response to customer requests.
Answer:
Cognitive dissonance
Explanation:
Cognitive dissonance is a psychological notion when an individual experiences thoughts and emotions that are not consistent (no matter the environment). In this example, it was expected from Fatima to quit her job (since she hated the manager). In spite of that, she continued to work. That caused the cognitive dissonance in her behavior, as she changed her attitude.
