Answer:
The correct answer is 'Deferred Revenue'.
Explanation:
The Deferred Revenue account relates to the account in which a specific amount of payment is received in advance by the organization for the goods that are not delivered or, for the services which have not been implemented yet. They are shown on the balance sheet of the organization on the liability side.
Thus, according to the scenario given, the Deferred revenue account will be credited, when the gift is received, but neither of the conditions is met.
Answer: Any combination on the production possibilities frontier that brings the highest level of satisfaction to the people in the economy.
Explanation:
The Production Possibilities Frontier depicts the quantities of two goods that can be produced given that resources are limited and being used to produce the same goods.
Allocative efficiency therefore is any point on this frontier that brings the highest level of satisfaction to the people based on their needs and wants. For instance if people want more clothing than cell phones they should pick any points from B to E.
So long as it is on the PPF, there is Allocative efficiency.
South Africa will ensure that the rest of the African continent is advantaged by its BRICS membership and continues to benefit from the BRICS countries in the priority areas identified by the AU such as energy, information and communications technology, rail and road infrastructure, agriculture and food security.
Answer: d. Mary's made her decision at the marginal because the considered the benefit and cost of one additional hour of playing the piano.
Explanation: Making marginal decisions or making decision on the margin involves making comparison between the cost and benefit attached to a particular behavior or involvement before making a decision. In the scenario above, the additional benefit attached to playing one more hour of piano and the cost incyrred by cutting reading hour by one hour was weighed and considered by Ben before finally making a decision. This means the decision was made on the margin.
In instance, cartels frequently develop in marketplaces where there are few firms and each firm has a sizable share of the market, which are the same circumstances that lead to an oligopolistic market.a
Oligopolistic businesses join cartels to gain more market sway, and the group's members collaborate to decide on the volume of output and/or price each member will produce. The cartel members might act like monopolists because of their cooperation. For instance, if each company in an oligopoly offers an undifferentiated good like oil, each firm will encounter a horizontal demand curve at the market price.However, if the oil-producing companies band together to set their output and price, like OPEC does, they will all have to contend with a downward-sloping market demand curve, just like a monopolist. The cartel actually makes the same decision to maximize profits as a monopolist would. The cartel members decide on their collective output at the point where their marginal costs and revenues are equal. The market demand curve at the output level the cartel selects determines the cartel price.
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