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- 14 please quickly thanks ! Under-allocation of resources occurs at the output where: A. Marginal benefit is greater than marginal cost. B. Marginal cost is greater than average total cost C. Marginal revenue equals to marginal cost. D. Social cost is below private cost.Who ensures that property rights are protected and enforced? O the property owners the banking system the legal system the stock market6. No artificial obstacles or barriers of resources -allocation -free entry and exit -plurality -identical -spill-over benefits
- Antonio and Caroline are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of alfalfa and barley each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing alfalfa or barley or to produce alfalfa on some of the land and barley on the rest. Alfalfa Barley (Bushels per acre) (Bushels per acre) Antonio 40 8 Caroline 28 7 ___________has an absolute advantage in the production of alfalfa, and __________ has an absolute advantage in the production of barley. Antonio's opportunity cost of producing 1 bushel of barley is ____ bushels of alfalfa, whereas Caroline's opportunity cost of producing 1 bushel of barley is______ bushels of alfalfa. Because Antonio has a ______ opportunity cost of producing barley than Caroline,________ has a comparative advantage in the production of barley and_______ has a comparative advantage in the production of alfalfa.Pls help ASAP6
- 3. Within the context of cellphone, justify that innovation diffuses in the society as a series of wavelets. Why does competitive market force demand successive better versions of innovations? How should you assess, monitor and track technology possibilities to respond to such a necessity?After part of the shares of a proposed corporation hadbeen successfully subscribed, one of the promoters hireda carpenter to repair a building that was to be conveyedto the proposed corporation. The promoters subsequently secured subscriptions to the balance of theshares and completed the organization, but the corporation, finding the building to be unsuitable for its purposes, declined to use the building or pay the carpenter.The carpenter brought suit against the corporation andthe promoter for the amount the promoter agreed wouldbe paid to him. Who, if anyone, is liable?(Table: Customer Valuations for Lawn Services I) The table shows customer valuations for different lawn services. Consumer Valuations per Season Lawn Cutting Fertilizing $ 800 $400 1,000 250 Consumer Ben Ethan The marginal cost of lawn cutting is $400, and the marginal cost of fertilizing is $200. Suppose the lawn service prices its services separately. In this case, the company should charge $ for fertilizing. O 250 800 600 Bundle $1,200 1,250 400
- 91. The simplest type of business organization, wherein the business is owned entirely by one person. Allprofits obtained from the business are his alone, but he must also bear all losses should they beincurred. Ans.;2. A business type composed of an association of two or more persons for the purpose of engaging in abusiness for profit. Ans.;3. A business type of distinct legal entity, separate from the individuals who owned it, and which canengage in practically any business transaction which a real person could do, considered the mostimportant type of business. Ans.;4. A certificate of indebtedness of a corporation usually for a period not less than 10 years, andguaranteed by a mortgage on certain s of the association. Ans.;5. A bond whose owner’s name is recorded in the books of the corporation. Ans.;6. These are bonds whose security is a mortgage on certain specified assets of the corporation. If thecorporation fails to pay the bond value at the date of maturity, title to the…2. Transportation Problem You have a textile business supplying to several garment houses in your region. Suppose the supply and demand chain is equal, what is the most feasible route to save on transportation of supply from 3 warehouses to 3 garment factories. Refer to the table below: Garment House Y Warehouse Supply A 7 15 9 125 22 18 15 149 C 13 12 16 161 Deman 136 158 141 435