Answer:
3. (d) Minimum 1, Maximum *
4. (a) Minimum 0, Maximum 1
5. (c) Minimum 1, Maximum 1
6. (b) Minimum 1, Maximum 1
7. (b) Minimum 0, Maximum *
8. (e) None of these is a correct addition to the diagram.
Explanation:
Answer: True.
Explanation:
The Hawthorne effect explains that workers tends to put in more effort when they are aware that they are being monitored, therefore the restaurant can use the Hawthorne effect to achieve more productivity from their workers.
Answer:
24%
Explanation:
Given that,
Current liabilities = $ 510
Long-term debt = $340
Common stock = $600
Retained earnings = $1,050
Total liabilities & stockholders’ equity = $2,500
The common stock would appear as a percentage of the total liabilities & stockholders’ equity.
Therefore, the common stock would appear:
= Value of Common stock ÷ Total liabilities & stockholders’ equity
= $600 ÷ $2,500
= 0.24 or 24%
Answer:
D, decline in total surplus that results from a tax.
Explanation:
Dead-weight loss is also known as excess burden. It is a situation where in there is a loss of economic sufficiency as a result of tax.
This economic sufficiency is when the supply of goods and services aren't met. That is, there is no market equilibrium between demand and supply. Taxes, subsidies, price rise or fall can be the reason for dead-weight loss as it causes the imbalance of demand and supply of goods or services to the consumers through price manipulations.
To calculate dead-weight loss, change in price as well as change in quantity demanded are important factors to consider.
Cheers.
Answer:
Remedies
a. The suing party is called the plaintiff. The party being sued is the defendant. Therefore, since Arthur Rabe wants to sue Xavier Sanchez. Rabe is the Plainttiff and Sanchez is the Defendant.
b. If Rabe wants Sanchez to perform the agreement as promised, Rabe would seek remedy of Specific performance of Contract from the Court. Failure to do so will attract charges.
c. If Rabe wants the contract to be cancelled, then Rabe would ask the court for a rescission which is the cancellation of a contractual obligation.
d. The term remedies refers to a legal means to enforce a right or redress a wrong. Remedies of law include land, items of value or money. Remedies in equity includes specific performance, injunction and rescission. Thus, both remedies in part b and c are remedies in equity.
e. The party appealing a case is called the appellant or petitioner while the appellee is the party against whom the appeal is taken. So Sanchez would be the appellant and Rabe would be the respondent.
