Write the Schema to Represent the Entities Below,including Tables,the Proper

question 68

Essay

Write the schema to represent the entities below,including tables,the proper placement of the foreign key,and referential integrity constraint.

Analyze the impact of externalities on private and social costs and benefits.

Explain the concept of market equilibrium and how it is affected by externalities.

Understand the role of governmental policies in correcting market failures due to externalities.

Describe the difference between positive and negative externalities.

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Definitions:

Mark-up

The surplus added onto the base cost of products intended to cover operational costs and generate profit.

Unit Cost

The financial outlay required for the production, storage, or acquisition of an individual product or service unit.

Mark-up

The difference between the cost of a good or service and its selling price, expressed as a percentage of the cost.

Selling Price

The price at which a product or service is sold to customers, determining the revenue generated from sales.