Why might private markets tend to provide too fewincentives for the development of new technology?

Q: What is an external interest rate?

A: External interest rate is a rate which central bank of a country made it mandatory for all banks to…

Q: Which is more difficult for a company to accomplish well, an analysis of external opportunities and…

A: A firm needs to analyze the strengths, weaknesses, threats, and opportunities firm. This can be done…

Q: What are the difference between PRIVATE COST and SOCIAL COST in terms of 'educational institutions'…

A: An externality is a cost that occurs for the third party who does not bear the cost to society. It…

Q: How does providing education to students provide external benefits to everyone in the community.

A: Externalities are the harmful or beneficial side effects arise out of production or consumption of…

Q: Consider a case of positive externality generated through the use of alternative energy sources,…

A: Externalities means the spillover effect of an economic activity on others person wellbeing .  Two…

Q: If education produces positive externalities and the government does not intervene in the market, we…

A: Positive externalities occur when an activity creates a benefit to the third person who is not…

Q: The government is NOT likely to address a negative externality using I Select |

A: Externality is the cost or benefit that the market transaction brings to the third party or society.…

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: (i) The positive spillover due to the use of the global-positioning anti-theft device installed by…

Q: Relatives and friends whom the consumer trusts are known as sources of external information.

A: Relative and friends sometimes act as a source of external information.

Q: Despite the logic of the Coase theorem, private actors often fail to resolve the problems caused by…

A: Externalities refer to the cost or benefit of an economic transaction incurred on a third party who…

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: When the actions of one individual have spill over effects on the economy they are termed…

Q: How do you conduct a "DEPEST Analysis" for the macro-environment?  Discuss your answer.

A: PESTEL analysis can be done in order to analyze the macro-environment. PESTEL can be elaborated as:…

Q: Which of the following does NOT generate negative externalities in part through health care costs?…

A: The externalities are the additional cost or benefit incurred for the third individual who is not…

Q: What is the difference between private costs and social costs in economics?

A: Answer - Private Cost - Private cost is a cost which is bare  by private firm to perform day to day…

Q: In the perspectives of macroeconomics and microeconomics, compare and contrast the negative and…

A: Economics is the study of how individuals make decisions in the face of shortage. Individual,…

Q: Explain the IPAT model. How can technology either increase or decrease environmental impact? Provide…

A: IPAT:- IPAT stands for the model equation which connects environmental outcomes to 3 cause…

Q: What role do property rights play in creating common property resources? Why are common property…

A: The arrangement of rights where a group of users of a resource tends to share duties and rights…

Q: How can emerging technologies enhance public safety

A: When talking about public safety, it is the national concern as it influence the working of markets…

Q: When consumption of a good is non-rival and excludable, the good is a. Public good Private good None…

A: Excludable: - it is a condition where a person can stop another person from using a good or service.…

Q: Classify each statement as a positive externality associated with education or a negative…

A: In an economy, a positive externality implies the additional benefit of an activity of an individual…

Q: Identify a positive externality

A: When a third party benefits due to production or consumption of a good or service it is called a…

Q: Which of the following would be examples of green goods? Select all that apply. zero-emission…

A: Green goods and products include occupations for organizations that produce merchandise and offer…

Q: Explain the trade-off managers must make between considering private versus social costs? How might…

A: A trade-off occurs when we make a decision that benefits us but requires us to give up something…

Q: Upon comparing the costs and benefits, both private and social, of education leads economists to the…

A: In an economy, the difference between social and private gain or losses is that the social outcome…

Q: Why is emission mitigation is considered as a public good?

A: Emission mitigation is considered as a public good.

Q: Why does private ownership tend to be more effecient and productive than collective ownership?

A: Private ownership is when the cost of maintenance, the right to sale or purchase the good or the…

Q: Why are common property resources subject to market failures due to non excludability? Please…

A: The market failure occurs where the market forces do not deliver an efficient result.

Q: How Governments Address the Existence of Negative Externalities in Environmental Economic Markets?

A: Considering the negative externality in the environmental economics, it refers to the uncompensated…

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Q2. Using an externalities diagram, explain the benefits of hygiene and sanitation education…

A: The economics as a study is based upon the basic idea of scarcity which is present with each and…

Q: If education has private benefits to an individualas well as external benefits to society, explain…

A: An externality is said to be created when an individual takes part in an activity that also…

Q: Do COVID-19 Vaccines create external benefit? Why? Then should the government subsidize this…

A: Answer to the question is as follows :

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: A loss or benefit generated by a product which is not economically accrued or obtained by that…

Q: In performing benefit-cost analysis, we define users as the public andsponsors as the government.…

A: Cost- Benefit analysis is the process of measuring the benefits of a decision taken in comparison to…

Explicit and Implicit Cost Analysis

The entire idea of the cost of production or production cost is applied corresponding or we can say that it is related to money cost. Money cost refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factors of production or factor services.