Ask Question
BusinessBusiness
20 December, 13:08

An individual producer or a consumer "internalizes an externality" when

a) they keep knowledge of the externalities private to them.

b) they ignore the externalities created by their actions.

c) in their own decisions they take into account the external effects of their actions.

d) they lobby against any government action related to the externalities caused by their actions.

+4
Answers (2)
  1. 20 December, 13:27
    0
    Answer: c

    Explanation:

    An individual producer or a consumer "internalizes an externality" when. in their own decisions they take into account the external effects of their actions. A producer or a consumer will internalize an externality because.
  2. 20 December, 13:29
    0
    "C"

    Explanation:

    Internalization of externality is a method utilized by manufacturer or consumers to absorb the effect of their operation on the environment

    This effect can be of a cost to the environment, The externality may not be of direct impact to the party that caused it and some may decide to ignore it

    But when these are internalized, the cost of managing these external impact is considered and necessary provision are made to take care of it
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An individual producer or a consumer "internalizes an externality" when a) they keep knowledge of the externalities private to them. b) ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Sweet Sue Foods has bonds outstanding with a coupon rate of 5.02 percent paid semiannually and sell for $1,948.34. The bonds have a par value of $2,000 and 17 years to maturity. What is the current yield for these bonds
Answers (1)
Why the shopkeepers made more money than the gold prospectors?
Answers (1)
Which of these statements represent ideas that Peter Drucker introduced in his book The Practice of Management? (select all that apply) A. Production costs are a component of sales B.
Answers (1)
Think of an organization with which you are familiar, perhaps one you have worked for - such as a store, restaurant, office, church, or school. Then answer the following questions. 1.
Answers (1)
You are trying to choose between purchasing one of two machines for a factory. Machine A costs $15,500 to purchase and has a three-year life. Machine B costs $17,400 to purchase but has a four-year life.
Answers (1)
New Questions in Business
Jones Co. started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,240 and the other, $1,570. Jones sold one of the items during the year.
Answers (1)
The culture of UPS places service to the customer among the company's highest business objectives, which is reflected in their use of information systems to enable customer tracking of their packages.
Answers (1)
Employers bond employees who handle cash receipts because fidelity bonds reduce the possibility of employing dishonest individuals and Deter dishonesty by making employees aware that insurance companies may investigate and prosecute dishonest acts.
Answers (1)
1. A complaint of sexual harassment by a part-time worker in a hardware business was upheld when the Tribunal found that the employer had failed to take sufficient action in relation to the employee's report of inappropriate behaviour.
Answers (1)
Suppose that the government sets a price floor for milk that is above the competitive equilibrium price With the price floor, consumers are willing to purchase the quantity indicated where the price floor intersects the With the price floor, the
Answers (1)
Home » Business » An individual producer or a consumer "internalizes an externality" when a) they keep knowledge of the externalities private to them. b) they ignore the externalities created by their actions.
Sign Up Forgot Password?