Answer:
Find attached trial balance as well the general ledgers prepared extracting trial balance
Explanation:
Preparation of trial balance could not be carried out straightaway , I had to first of all prepare the relevant ledgers before extracting trial balance.
Answer:
False
Explanation:
The Given Statement is False because the US does not have a comparable advantage or absolute advantage in Bananas. US cannot produce bananas as efficiently as other nations ( comparative advantage) and The US is not the only nation in the world to produce bananas. This called absolute advantage.
Answer:
B The isocost line makes a parallel shift inward
Explanation:
This is because the increase in price is proportional ,less of labor and capital can be bought,and isocost line shifts inward parallely.
Answer:
b. Diminishing marginal returns
Explanation:
According to the law of diminishing returns, as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
Due to the fact that Jim has seen the movie once, he would not derive the same level of satisfaction from watching the movie a second time. The utility he would receive from watching the movie a second time would be less than when he watched it a first time.
