I believe it was Heath Andreeson
Answer:
a) Marginal cost of waiting is greater than the marginal benefit of being served
Explanation:
For an economic perspective, customer leave a fast food restaurant as they find the marginal cost of waiting is higher than the cost of marginal benefit of being served at restaurant.
Marginal cost: In economics, it is a cost that is incurred for an additional unit of benefit received out of certain action or activity.
Marginal benefit: It is a benefit received for an additional unit of cost incurred during the activity taken place.
Therefore, customer have done analysis on the benefit of waiting in a queue for getting served at restaurant, which he found that marginal cost is greater than the marginal benefit of being served.
Answer:
<em>Run a recoverability test and then a fair value test.</em>
Explanation:
Business assets with a loss of value are subject to impairment tests to assess and identify the magnitude of the loss.
<em>Measuring the magnitude of the loss requires two steps:</em>
- Performing a recoverability check is to decide whether an impairment loss occurred by determining whether the future value of the undiscounted cash flows of the asset is less than the asset's book value. If the cash flow is less than the value of the book, the loss will be assessed.
- Measure the cost of damage by measuring the difference between the book value and the asset's market value.
For the Joneses, Steve is putting together a market analysis and has chosen three comparable homes. Steve should Zero Adjustment alter the joneses' proper behavior in any way.
Sensors and instruments must produce an output that is a precise, predictable, and repeatable function of their input in every measurement setting. A 0 - 10 Bar pressure transmitter, for instance, might have a 0 - 10 V output that, starting with 0 V output for a 0 Bar pressure measurement, corresponds to its 0 - 10 Bar measurement range in a linear manner. To make sure that its output is indeed 0 V for a 0 Bar input, the transmitter must be calibrated. When this isn't the case, there needs to be a way to alter, or "zero," the output. The usage of an electronic gadget.
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