The return to schooling for society is higher than the return to schooling for the individual if a. the concept of diminishing returns applies to education. b. the concept of constant returns to scale applies to education. c. human capital conveys positive externalities. d. investment in human capital involves no opportunity costs.
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Ответ:
The correct answer is c. human capital conveys positive externalities.
Explanation:
Externalities are defined as consumption, production and investment decisions made by individuals, households and companies and that affect third parties that do not participate directly in those transactions. Sometimes those indirect effects are tiny. But when they grow up, they can be problematic; That is what economists call "externalities." Externalities are one of the main reasons that lead governments to intervene in the economy.
Positive externalities: In this case, it is about the difference between private and social benefits. For example, research and development activities are widely considered as generating positive effects that transcend the producer (usually the company that finances them). The reason is that research and development enrich general knowledge, which contributes to other discoveries and advances. However, the profitability perceived by a company that sells products based on its own research and development activities does not usually reflect the profitability perceived by its indirect beneficiaries. When externalities are positive, private profitability is lower than social profitability.
Ответ:
,
See below
Explanation:
Given that:
Selling price = $630
Unitary variable cost = $378,
Fixed costs = $872,000
Desired profit = $1,305,000
We will use the formulae below to calculate the sales in units to be sold
Break - even point (units) = Fixed cost + Desired profits / Contribution margin
Contribution margin
= $630 - $378
= $252
Break even point
= ($872,000 + $1,305,000) / $252
= $2,177,000 / $252
= 8,639 units
Therefore, the unit sales to earn the target pretax net income is 8,639