Use the Idea of External Costs to Explain Why Some

question 365

Essay

Use the idea of external costs to explain why some cities have laws against late-night rock concerts.

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Definitions:

Long-Term Debt

Borrowings of a business that are due for repayment more than one year in the future.

Sales Tax Rate

The percentage of sales price that is added to the price of goods and services sold, collected by the seller and remitted to a governmental tax authority.

Total Receipts

The total amount of cash received by a company during a specific period, including all sources of income.

Sales Tax Rate

The percentage of tax charged on the sale of goods and services, which is collected by merchants and passed on to the government.