Answer:
Option 1 is correct.
Explanation:
There are two types of externality:
(i) Negative externality
(ii) Positive externality
Negative externality:
Suppose there is an economic transaction initiated between the two partners and this transaction reduces the consumption of third person, then this is known as the negative externality.
For example: Smoking is one of the example of negative externality. Smoking a cigarette is not only present in the consumption bundle of a person who smokes but it also affects the health of the other person who stands near that person. So, it reduces the consumption of non smoker.
Answer:
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Ubiquity is the dimension of e-commerce technology describes the fact that the internet is available at work, at home, and elsewhere via desktop and mobile services.
The definition of technology is the application of scientific knowledge to practical purposes or applications. Technology takes scientific principles and applies them to transform the environment in which we live. Technology can also use scientific principles to advance industry and other human constructs.
Technology is the way scientific knowledge is applied to practical purposes. It includes not only machines (such as computers), but also technologies and processes (such as how computer chips are made). All technology may seem electronic only, but that's just the latest technology.
Learn more about technology here:brainly.com/question/25110079
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Answer:
<u>Production budget for October and November</u>
October November
cushions cushions
Budgeted Sales 13,000 15,000
Add Budgeted Closing Inventory 3,000 3,600
Total Production needed 16,000 18,600
Less Budgeted Opening Inventory (2,600) (3,000)
Production Budget 13,400 15,600
Explanation:
A Production Budget shows the quantities of finished goods that must be produced to meet <em>expected sales</em> <u>plus</u> any <em>increase in inventory</em> levels that might be required.