The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit.
<h3>What is service?</h3>
Services are referred as a type of product that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit. Any activity can have its net benefit increased by selecting the amount at which marginal utility equals marginal expense.
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Answer:
The last option is wrong, the correct option to that question is: Extreme Programming.
And the correct answer is that option.
Explanation:
To begin with, the name of <em>"Extreme Programming"</em> refers to a specific methodology of development of software that mainly focuses in the improvement of software quality and the responsiveness to changing customers requirements. Moreover, this methodology best fits in the cases where the system project comes with unclear requirements and where there is a short time schedule due to the fact that as a type of agile software development it advocates frequent releases in short time cycles that are primarily focus on introducing checkpoints in where the requirements of the consumers who are unclear can be adopted.
Answer:
November 1, declaration of cash dividends
- Dr Retained Earnings account 7,000
- Cr Dividends Payable account 7,000
December 31, distribution of cash dividends
- Dr Dividends Payable account 7,000
- Cr Cash account 7,000
Explanation:
The cash dividends will decrease the retained earnings account, since retained earnings is an equity account, when it decreases it has to be debited.
Dividends payable account is a liability account created when the company declared the dividends and it is cancelled when the company pays the dividends.
Answer:
B) the supply by sellers meets the demand from buyers.
Explanation:
The market clearing price is also called the equilibrium price. At the equilibrium price for a given product or service, both the quantity supplied by the suppliers and the quantity demanded by the consumers is EQUAL. In a supply and demand curve, the equilibrium price is where both curves meet.
Answer:
Consumer Credit Legislation.
Explanation:
Consumer credit legislation demands that lenders provide potential borrowers with one or more measures of the cost of a loan.
