The decision to build the park or not would be based solely
on the cost – benefit relationship of this project. Since there is no other
factor considered in this problem, you only need to see if the benefit of
constructing the park would exceed its cost. In this problem, the cost to
construct the park is $20,000 while the marginal benefit would be $24,000
($8,000 x 3 families that can benefit from this project). Therefore, you can
say that the benefit has exceeded its cost. As a conclusion, the neighborhood
park should be built because it benefits the families living in that area more
than its cost.
Explanation:
Earned income consists of income you earn while you are working a full-time job or running a business.
Passive income is income earned from rents, royalties, and stakes in limited partnerships.
Portfolio income is income from dividends, interest, and capital gains from stock sales.
Answer:
Invariably, the cost of the product will rise. A relatively increase in supply parts directly influences the price of a product.
I’m pretty sure that the answer is 17,621.66