His net benefit from attending State College is $40,000 – $20,000, or $20,000. Additionally, his net benefit from attending NoName U is $15,000 minus $0, which equals $15,000. Therefore, if he enrolls in State College, his economic surplus will be at its peak.
What is Economic?
Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively.
The two branches of economics are microeconomics and macroeconomics.
Economics focuses on efficiency in production and exchange.
Learn more about Economic with the help of given link:-
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Answer:
Option (d) is correct.
Explanation:
Given that,
Customer purchases $340 worth of merchandise from The GAP using a gift card.
A gift card is having an amount of money that is used by the gift card holder for the purpose of purchasing goods. So, in the books of GAP, the value of gift card is debited as an unearned revenue and the sales revenue is credited.
The journal is as follows:
Unearned revenue A/c Dr. $340
To sales revenue A/c $340
(To record the merchandise sold for a gift card)
Answer:
The monthly payment amount is 594 dollars
Answer:
The most indirect channel you can use (Producer/manufacturer –> agent –> wholesaler –> retailer –> consumer) is used when there are many small manufacturers and many small retailers and an agent is used to help coordinate a large supply of the product.
