Answer:
Option (D) is correct.
Explanation:
Economics refers to the study of the economy as a whole. The economics is studied at two different levels: (a) Microeconomics, (b) Macroeconomics
Economics is used to utilize the scare resources in a better way. We know that there are unlimited wants and desires of the people but resources to satisfy these wants are limited. Therefore, we have to allocate resources in a manner so that we can get the maximum satisfaction from them.
Answer:
There is no specific answer
Explanation:
Every business has different plans based on what they do.
A business plan is separate from an individual plan. Business plans can also include tools that the other plans don't have.
Answer:
people may not be able to get their tax money they are owed due to government spending
Answer:
Average consumption will be higher at University A
Explanation:
In the given situation the fee of €500 will cater for food for the semester in University A. There is no limit stated but the average student eats 250kg.
This implies that there will be students that eat higher than 250kg here.
Since there is no limit to what they can eat, they eat as much as possible to maximise satisfaction.
In University B on the other hand there is maximum of 250kg covered by the fee of €500.
The average amount of food eaten will be below 250kg as all students eat either at or below the maximum amount
Answer: A property dividend should be recorded in retained earnings at the <u>"Market value at date of declaration."</u>
Explanation: The declaration date is the date on which the company agrees to pay the dividend so the market value at that time is the value that was taken into consideration when the meeting of partners decided to distribute the dividends.
Therefore the "Market value at date of declaration." It is the value that most reflects the economic reality of the company.