A village owns a common pasture where villagers graze their sheep. The cost to a sheep owner of owning and caring for the sheep is $3. The total revenue from all sheep on the common pasture is TR(s) = (23-s)s, where s is the number of sheep on the pasture. The local government notices that total profits from the pasture are not maximized if the villagers are allowed to pasture their sheep for free. The government decides to allow a sheep to use the common pasture only if its owner buys a sheep license for a price of $t. To maximize total profits (of villagers and the government) how many licenses should the government sell and how much should each license cost?

Which of the following is located at the point where the supply and demand curves intersect? a. the equilibrium price. b. the minimum supply. c. the level of efficient production. d. the maximum demand. 2b2t

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase