Answer:
There is an increase in the supply of cable TV service.
Explanation:
The reason is that the companies will now try to capture the market and make at least breakeven sales by giving excessive sales discouts offers. This move in the market due to increase in the number of the suppliers and bargaining power of customers will decrease the cost of the product and this decrease in prices would increase the demand of the product which will increase the supply of the cables.
The answer to this question is the last item in the choices which is "decrease consumer surplus". Thus, we have it like along a given downward-sloping demand curve, an increase in the price of a good will also result to decrease consumer surplus. Also, when decrease consumer surplus is happening it will effect also to increase producer surplus.
Answer:
R1. $47,000
R2. $1.04 per liter
Explanation:
Given that,
Wages of workers operating the filtration equipment = $21,950
Manufacturing overhead allocated to filtration = $25,050
Water = $ 150,000
R1. February Conversion costs in the filtration department:
= Direct labor costs + Manufacturing overhead
= $21,950 + $25,050
= $47,000
R2. Filtration cost per liter:
= Total cost incurred ÷ Total units processed
= ($21,950 + $25,050 + $ 150,000) ÷ 190,000
= $197,000 ÷ 190,000
= $1.036 or $1.04 per liter
These deviations are likely to be caused by emotions and it is important to have information about the person you are dealing with to favor your interests and make the best decision.
The Rational Choice Theory states:
- A person will always make decisions to favor himself or herself
- Decisions are based on rational calculations
Despite this, individuals might make irrational decisions if:
- Emotions
- External factors
In the case of Mr. Jones, he makes an irrational decision because by suing Mr. Smith he loses more money. This is likely motivated by emotions such as a desire for justice or a desire to revenge.
Moreover, in this situation, it is shown Mr. Jones does not have enough information about the person he is dealing with (Mr. Smith) and this lack of knowledge does not allow him to make the best decision possible.
Learn more in: brainly.com/question/18101591
