Answer:
A population would grow faster than its ability to feed itself.
Explanation:
According to Thomas Malthus, overpopulation is the cause of the problems faced by human beings. He attributed diseases, malnutrition, and poverty to overpopulation.
Malthus argues that while resources grow at a steadfast pace, the population was increasing exponentially. He concludes that, if not checked, the human population will become too large to be supported by the earth's resources.
Questions is incomplete. It's last line is: *Jim's decided to get dinner worth that amount*
Answer:
- Alexander's Loss Aversion
- Jim's Mental accounting.
Explanation:
Loss Aversion: Some people are always frightened of losing and always try to avoid it by making irrational decisions which make their sufferings worst. <em>This</em> <em>scenario</em> is the example of loss aversion where the focus on gains is lost but all they see are failures.
- <em>It is a common decision-making mistake people go for during which they will not leave until the loss is not realized </em>
In Alexander's case: He is trying to avoid losses and hoping that his investment would be saved although, the company he has invested in will soon go bankrupt. He should realize that before it gets too late and end up his sufferings.
Mental Accounting: It refers to the spending behavior by which people categorize the money they have often without logic.
For example: A person monthly earning is $40, but suppose he gets only $30 for whatever reason, and he has to pay rent which is $35. So he is 5 dollars short but he had decided that he will eat chocolate worth $5 next month, so he will go for that chocolate even if he is short.
In Jim's case: He got $50 which he didn't have before, he could have used it for better purposes, than going to a dinner. Because he didn't have that amount before that.
Answer:
The true cash balance was $6,140
Explanation:
The computation of the true cash balance of the bank statement is shown below:
= Bank balance + deposit in transit + bank error - outstanding checks
= $8,900 + $3,750 + $610 - $7,120
= $6,140
The other information which is given in the question i.e NSF checks, banks ervice charge is for adjusting the cash balance. Hence, we do not consider it