Do you think 24-hour store follow the marginal benefits principles? Why or why not?

Q: Economics What are two positive and negative externalities that would affect an online subscription…

A: The word "externality" is derived from the Latin word "externus," which means "outside" or…

Q: Three buyers want to purchase a used fridge. Their willingness-to-pay for a fridge is: • Frankie…

A: Here, it is given that a market for used fridge has three buyers and two sellers, whose willingness…

Q: What causes market imperfections? Give 2 examples.

A: The following problem has been solved as follows:

Q: Explain the Valuation of Benefits and Costs?

A: Most of the investment decisions in the economy are very important for the economy as the economy’s…

Q: What are the concepts of styles of religious coping? And do they have an explanation for the…

A: The pleasure found in religious rituals is one of the most common ways that people cope with trauma.…

Q: What factors affect transaction costs?

A: In a market, transaction cost arises when there is a third party involved in a specific transaction,…

Q: Need proper explanation

A: Central bank is the head of all commercial banks. There are many responsibilities that the central…

Q: Articulate how economic factors influence acustomer’s ability and willingness to buy products

A: General economic conditions of a country can affect the ability and the wiliness of an individual to…

Q: When does a situation of benefit in BOP arise?

A: The country's international accounting transactions for a particular time period is termed as…

Q: How does consumerism provide opportunities for and limitations on impacting quality of life?

A: Consumerism is a policy in economics in which the market is determined by people's choices and…

Q: How does drug addiction affects microeconomics?

A: Microeconomics is one of the major branches of economic which is concerned with the study of…

Q: How to perform a cost benefit analysis?

A: There are some costs and benefits associated with each economic activity. Thus, a cost-benefit…

Q: In 200 words, Given the value proposition “A device for managing insects in rice farms without the…

A: Farming and chemicals  Farming refers to the agricultural activity under which the farmers produce…

Q: Give information according to the words given: 1.Economic Impact a) consumer b) supplier c)…

A: a) Consumer:- The mechanism by which goods and services are put to final use by people is known as…

Q: Write key points highlighted on the three dimensions of Sustainability on the graphic organizer

A: Sustainability refers to or described by the various sources as capabilities of a system to endure…

Q: Which is NOT the stage that customers go through in the process of adopting a new product?

A: The 5 stages are: product awareness, product interest, product evaluation, product trial, and…

Q: Discuss whether the goal of efficiency is in line with Islamic principles

A: Goal of efficiency involves different principles such as minimisation of cost,minimisation of…

Q: What is the major challenge presented by Amazon and Uber to Grubhub's business? Does the…

A: Amazon with prime now have started restaurant delivery business.Uber has also restaurant delivery…

Q: Popular software can cost thousands of dollars even though the marginal cost of producinganother…

A: Meaning of Marginal Cost: The marginal cost refers to the situation under which the firm or an…

Q: Economic value is a utilitarian concept - do you agree or disagree? briefly explair and justify your…

A: Utilitarianism is a moral philosophy that promotes activities that bring happiness or pleasure while…

Q: What are three types of Efficiency?

A: Efficiency refers to optimal production and distribution of scarce resources. The main three types…

Q: What Is the secondary benefits?

A: Secondary benefits can be defined as an indirect form of benefit resulting from another related…

Q: What is the purpose of cost–benefit analysis?

A: A cost-benefit analysis is a method used to assess decisions by companies. The analyst or…

Q: Why do individuals or firms usually provide thegoods and services people want

A: The demand for a consumer represents the desire to purchase a service or good. It acts as an…

Q: Goods that satisfy humans wants though their direct use or consumption are called _______?

A: According to the given question In simple words the consumption in economics is basically known as…

Q: How might blockchain help address the problem ofspoilage and waste in the food industry?

A: A blockchain is a distributed database that is shared by computer network nodes. A blockchain, like…

Q: Classify the different options given as goods or services. haircut computer hardware vacation…

A: The basic purpose of both goods and services is to provide some level of utility to the consumer.

Q: You plan to study on weekend and your friends ask you to go to a farm house with them. What do you…

A: Trade-offs are considered to be an important part of economic decision making. It simply refers to…

Q: How can clothing industry be economic sustainable?

A: The clothing industry can be made sustainable if the following points are kept in mind :

Q: Discuss the ethical principles in business.

A: The ethics in business implies general ideas of ethics to the behavior of the business. The ethics…

Q: Water is necessary for life. Is the marginal benefit of a glass of water large or small?

A: The marginal benefit of any substance is only measurable relative to the consumer. For me, a glass…

Q: Describe the Benefit-Cost Ratio Calculation?

A: A benefit-cost ratio (BCR) or B/C ratio is a ratio used to sum up the overall relationship between…

Q: What are transaction costs?

A: The cost incurred on the buying or selling of a good or service is referred to as transaction cost.

Q: What products in your home that gives you social benefits and economic benefits? Give at least 2…

A: The marginal social benefit (MSB) of abatement refers to the additional benefits derived by the…

Q: How would you determine the value of your product, if the market is efficient?

A: In economics, a market is said to be an efficient market if the total surplus generated from…

Q: Sophia and Victoria spend their day at a daycare center while their mother goes to work. Picking up…

A: Here the mother expect to reach 20 minutes late.

Q: Audiences are not concerned with where media texts come from.’ To what extent do you agree with…

A: Generally, people prefer to watch or reach the media text from a reliable source. The Sources of…

Q: The government places health-risk warnings on cigarette and liquor packages. These warnings serve as…

A: The government places health risk warnings on goods that have harmful effects on health. These…

Q: What do you think is the advantage of wearing school uniforms during online class?

A: The purpose of uniforms in the school is to bring uniformity, seriousness by reducing distraction,…