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Annette [7]
3 years ago
8

When most economists wake up in the morning, their first decision is whether or not to his the snooze button on the alarm clock.

Business
1 answer:
lions [1.4K]3 years ago
3 0

Answer:

The correct answer is letter "E": The marginal benefit of sleeping 10 more minutes is greater than the marginal benefit of 10 more minutes of work.

Explanation:

Marginal Benefit is an economic term that describes the maximum amount a consumer is willing to pay for an additional unit of a good or service. Typically, the marginal benefit decreases as long as the person consumes more of that good or service. The price-benefit relationship is inversely proportional.

In the example, the marginal benefit of sleeping 10 minutes more must be greater than the marginal benefit of working 10 more minutes if economists choose to sleep a little bit more.

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Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before any
ladessa [460]

Explanation:

Adjusting entries of fees collected in advance:

   1.  Dr  unearned fee    6600

              Cr fees earned           6600

Depreciation of Computers:

 Dr Depreciation expense - computer 1650

                 Cr Accumulated depreciation   1650

Depreciation of Furniture:

 Dr Depreciation expense - office furniture 1925

                 Cr Accumulated depreciation            1925

Adjusting entries of salaries:

 Dr  Salary expense    2695

       Cr Salary payable        2695

Adjusting entries of Insurance:

 Dr Insurance expense       1430

         Cr prepaid insurance       1430.

Adjusting entries of office supplies:

Dr Office supplies expense 528

            Cr Office supplies   528

Adjusting entries of utilities:

 Dr Utilities expense  77

           Cr Utilities payable     77

5 0
3 years ago
Read 2 more answers
Oak Tree Farms has common stock outstanding at a price of $13 a share. The total market value of the equity is $435,000. How man
vlada-n [284]

Answer:

13,384.62 shares

Explanation:

Current number of shares = $435,000 / $13

Current number of shares = 33461.53846154

Current number of shares = 33,461.54 shares

Stocks outstanding after the reverse stock split = (33,461.54 shares / 5)*2 = 13384.616 = 13,384.62 shares.

So, 13,384.62 shares of stock will be outstanding if the firm does a reverse stock split of 2-for-5.

3 0
3 years ago
When studying abroad last year, Thomas found that his U.S. dollars didn't stretch as far as he had expected. Each time he exchan
Andrei [34K]

Answer:

The euro has gained strength against the dollar.

Explanation:

Exchange rate is a measure of the value of one countrie's currency compared with another. For example how many dollars can be exchanged for a euro.

Most exchange rates are free floating, meaning their value is determined by market forces (demand and supply).

Some countries however peg their currency value.

So in this scenario Thomas is giving more dollars for fewer euros because the euro has more value.

7 0
3 years ago
do ppl really stay on here the whole night ppl never stop asking questions? i got over a hundred questions
scoray [572]

Answer:

yes some do

Explanation:

hope it helps

7 0
3 years ago
Read 2 more answers
The Fed buys​ $20,000 of government securities. The desired reserve ratio is 5 percent and the currency drain is zero. What will
JulsSmile [24]

Answer:

The answer is $400,000

Explanation:

Quantity theory of money states that the quantity of money is directly proportional total spending in an economy.

Change in quantity of money = new deposits (which can also be new security) ÷ reserve requirements

The new security is $20,000

reserve requirements is 5 percent

Change in quantity of money is:

$20,000 / 0.05

=$400,000

3 0
3 years ago
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