Ask Question
BusinessBusiness
22 February, 05:23

Raven Farms raises a substantial number of bees and uses the honey to produce its own skin healing cream. Raven Farms is situated next to the Oakcreek Apple Orchard. The bees from Raven Farms pollinate Oakcreek's apple trees. In this instance, Raven Farms

+3
Answers (1)
  1. 22 February, 08:18
    0
    Answer: B. provides more social benefits than it derives in private benefits.

    Explanation:

    Raven farms in this instance is deriving less private benefits than it gives social benefits.

    Private benefits are those benefits that the producer gains as a result of their actions.

    Social benefits on the other hand are the benefits gained by the producer as well as the benefits to society as well.

    Raven's private benefits are the revenue it accrues from it's skin healing cream and yet those same bees still providing a societal service of pollinating Oakcreek Apple Orchard Apple. That shows that they are giving more social benefits than they are receiving.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Raven Farms raises a substantial number of bees and uses the honey to produce its own skin healing cream. Raven Farms is situated next to ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following best describes accounts receivable? The amount of cash owed by a company to its vendors for purchases of products or services on account.
Answers (1)
There would be no seperation between one country's economy and another's if the entire world
Answers (1)
Which of the following is correct? a. Nominal GDP is the variable most commonly used to measure short-run economic fluctuations. It is almost impossible to predict these fluctuations with much accuracy. b.
Answers (1)
During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. Feb. 1 Repurchased 250 shares of the company's own common stock at $21 cash per share. b. Jul.
Answers (1)
Suppose the market basket consists of 400X, 150Y, and 220Z. Current-year prices are $1.50 for each unit of X, $0.50 for each unit of Y, and $4.60 for each unit of Z. Base-year prices are $1.00 for each unit of X, Y, and Z.
Answers (1)
New Questions in Business
Ashton Bank knows that its customer, Juan, has died. One day after Juan's death, Ashton Bank was presented a check for clearing of $3,000. The check was written by Juan a week prior to his death to Bailey Enterprises.
Answers (1)
Which of the following may be true for a company pursuing a strategy of unrelated diversification rather than a strategy of related diversification? a. The company has to achieve coordination between business units. b.
Answers (1)
Private markets fail to reach a socially optimal equilibrium when positive externalities are present because the A. private cost exceeds the private benefit at the private market solution. B.
Answers (1)
You also remember that research shows: Smaller teams have lower levels of rapport than larger teams As a team decreases in size, it becomes harder for members to interact Smaller teams are more focused on team goals than larger teams As a team
Answers (1)
A game developer is purchasing a computing device to develop a game and recognizes the game engine software will require a device with high-end specifications that can be upgraded.
Answers (2)
Home » Business » Raven Farms raises a substantial number of bees and uses the honey to produce its own skin healing cream. Raven Farms is situated next to the Oakcreek Apple Orchard. The bees from Raven Farms pollinate Oakcreek's apple trees.
Sign Up Forgot Password?