............................... are important enough relative to the potential gains involved that THE PRIVATE SOLUTION IS NOT FEASIBLE.
Private solution may not be feasible for many reasons, such as transaction cost, coordination problem, unyielding attitude of the people involved, etc.
By their decisions. They might have a 40% chance of getting their career they want. this is difficult to change from a customer to a company. But if you're looking for who make more money it is company's as rated 7/10 as 2x money earned as customer.
Answer:
B. work-in-process inventories.
Explanation:
Partially completed goods that are in the process of being converted into a finish product are defined as work-in-process inventories.
Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.
These category of products are only partially completed and as such are waiting for further processing, still undergoing fabrication or kept in a buffer storage.
Answer: The marginal benefit of $2500 is greater than the marginal cost of $1700 for the new waitress.
In economics, a rational decision is a decision where the total benefit equals or exceeds the costs associated with that decision.
In this case, Carroll's diner pays the new waitress $1700, but is able to earn $2500 by serving customers more quickly. Since the diner earns $800 (2500 -1700) more than the cost paid to the waitress, we can say that hiring an additional waitress is a rational economic decision.
Answer: Difficulty involved in tracing the link between service and financial returns.
Explanation:
Many companies believe that service is a cost rather than a revenue producer due to the following reasons;
- There is this difficulty in tracing the link between service and financial returns.
- Profits are not directly linked to service provided most times, so it seems as though the service rendered was a cost rather than a revenue
- When service is rendeded most times, the results are not seen immediately, as it would require time to get tvalue and profit for what was done.