Assume that the (U. S.) Environmental Protection Agency determines that that hydraulic fracking (a type of oil and gas drilling) adversely impacts drinking water resources under certain circumstances. Neverthleless, ownership rights between homeowners and oil and gas companies are clear and enforced and there is little to no transaction costs, then over time we would most likely expect A. the market output of natural gas reflected in the competitive markets to be "too low" (relative to the socially optimal price) because of the negative externality. B. the market price of natural gas reflected in the competitive markets to be socially optimal C. the market price of natural gas reflected in the competitive markets to be "too high" (relative to the socially optimal price) because of the negative externality D. the market price of natural gas reflected in the competitive markets to be "too high" (relative to the socially optimal price) because of the positive externality
Answers: 3
Business, 22.06.2019 14:00, lindjyzeph
The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
Answers: 2
Business, 22.06.2019 20:40, nikolas36
Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline. b. taxable income will decline. c. the tax bill will increase. d. net income will decrease. e. the times-interest-earned ratio will decrease
Answers: 1
Business, 23.06.2019 02:00, Arealbot
Which of the following is the best example of substitution? a. movie producers begin making more comedies because they cost less to make than action films. b. people walk out before the end of a movie because the acting and the plot are terrible. c. people at the movie theater switch from popcorn to candy because popcorn has gotten too expensive. d. more people begin going to matinee movies instead of night movies to save money on the tickets.
Answers: 2
Assume that the (U. S.) Environmental Protection Agency determines that that hydraulic fracking (a...
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