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Inessa05 [86]
3 years ago
11

Rationality in the household decision-making process means that: a. households want to earn as much income as possible. b. house

holds act in their own best interests. c. everyone in the household agrees on all decisions. d. all households make the same decisions. e. all households have the same information on product quality and prices.
Business
1 answer:
ZanzabumX [31]3 years ago
7 0

Answer:

households act in their own best interests.

Explanation:

Economic Decision-Makers includes the Households, Firms, Governments, and the Rest of the World. Economic decision-making is the means or process of selecting which needs and wants that should be satisfied. The factors that determines what is produced are Resources available and consumer preferences and the factors that determines what is purchased are consumer preference and price.

The Households demand for goods and services will lead to what the industries produces. Households are seen as rational because they try to act in their upmost best interests and not what will make them sad.Utility maximization is dependent on household's subjective goals.

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As a member of a task team at work, Faith feels her group has been successful in completing all its projects ahead of time. Its
Vlad1618 [11]

Answer:

A. the illusion of invulnerability

Explanation:

This group will most likely develop overconfidence in any future task assigned to them. This is based on the fact  that they have a repetitive history of successfully completing its project in time. By being overly optimistic , analytical thinking can be eliminated and these symptoms of groupthink are referred to as the illusion of invulnerability. The group therefore can end up taking too much risk as the members feel that no obstacle can hinder them from being successful in their projects.

3 0
4 years ago
On July 4, Cullumber's Restaurant accepts a Visa card for a $1,350 dinner bill. Visa charges a 2% service fee. Prepare the entry
Thepotemich [5.8K]

Answer:

Journal entry

Explanation:

The journal entry is as follows

Cash      $1,323

Service charge expense ($1,350 × 2%) $27

               To    Sales Revenue  $1,350

(Being the cash is recorded)

for recording this transaction we debited the cash and expenses as it increase both balances while at the same time the sales revenue is also increased so it is credited

3 0
4 years ago
Charles lackey operates a bakery in Idaho, Falls Because of its excellent product location, demand has increased by 35% in the l
OLga [1]

Answer: 0.27 loaves per dollar

Explanation:

Given that,

Bakery currently makes(Output) = 1,800 loaves per month

Paid Employees = $8.00 per hour

Constant utility cost = $800 per month

Ingredient cost = $0.40 × 1,800

                         = $720

Wages = 640 work hours × $8.00 per hour

           = $5,120 per month

Total cost (Input) = Ingredient cost + Wages + Constant utility cost

                = $720 + $5,120 + $800

                = $6,640

Where,

O/P - Output

I/P - Input cost

current multi factor productivity = \frac{O/p}{I/P\ cost}

                                                     =  \frac{1,800}{6,640}

                                                     = 0.27 loaves per dollar

3 0
3 years ago
On July 1, Arcola Company purchases equipment for $330,000. The equipment has an estimated useful life of 10 years and expected
Artyom0805 [142]

Answer:

a. $29,000

b. $214,000

c. Yes

Explanation:

a. Annual Depreciation expense:

= (Cost - salvage value)/ Useful life

= (330,000 - 40,000) / 10,000

= $29,000

b. Net book value at end of 4th year:

= Cost - 4 year depreciation

= 330,000 - (4 * 29,000)

= $214,000

c. One test to see if equipment is not impaired is that the Expected Undiscounted cashflows need to be higher than the net book value. This is not the case here as the Net Book value of $214,000 is higher than the expected Undiscounted cash inflows of $185,000. Equipment is therefore impaired.

4 0
3 years ago
The new-product development process is:
MA_775_DIABLO [31]
A person applying for a job zone one occccupation might expect the job will require which of the following
6 0
2 years ago
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