Answer:
B. Taking a friend to lunch in return of a favor
Explanation:
Barter System is direct commodity/ service to commodity/service exchange , without using money as an intermediary exchange medium . It is also called C to C exchange .
Eg : Two farmers exchanging their wheat & rice , A teacher teaching grocers' child in exchange of groceries from him .
So : A. Simple Investment , C. Money Purchase , D. Money Denomination exchange - neither are examples of Barter System .
B . Paying off a friend's favour in exchange of a service (being service-service exchange) is a relatable example.
Answer and Explanation:
The calculations are shown below:
1) 4
is choosen because the marginal utility should be less than the marginial cost and if he choose beyong this point, the cost of the drink is more than the willingness to pay
2) The consumer surplus is
= (5 - 1.5) + (4 - 1.5) + (3 - 1.5) + (2 - 1.5)
= 8
3) Total surplus decreases to
= Consumer surplus - external cost
= 8 - 4
= 4
4) Cindy's Consumer surplus is
= (5 - 1.5) + (4 - 1.5) + (3 - 1.5)
= 7.5
5) Increases
6) 8 - 7.5 = 0.5
7) Consumption = 3 bottles
8) Consumer surplus is
= (5 - 2.5) + (4 - 2.5) + (3 - 2.5)
= 4.5
9) External cost = 3 × 1 = 3 bottle
10) Government revenue = 3 × 1 = 3 bottle
11) Total surplus is
= Consumer surplus - external cost + government revenue
= 4.5 - 3 + 3
= 4.5
12) would
13) increases
The cost of goods sold is considered to be an expense account. It is because an expense account are the sum of money that is used or spent in a business which are being done by the employees who has the ability to take control of the money that should be spent. For the cost of good sold is where the costs are included in which is being used for producing goods that will be of the betterment of the business. They are related for both used to spent in the production of good quality of the business.
The status of this exchange of promises at this time is that it is a voidable contract.
<h3>
What is a voidable contract?</h3>
- A voidable contract, as opposed to a void contract, is a legitimate contract that can be confirmed or rejected at the discretion of one of the parties. The contract only binds one of the parties.
- The unbound party may disavow the contract, at which point it becomes null and invalid.
- Coercion, undue influence, mental incapacity, intoxication, deception, or fraud are common reasons for voiding a contract.
- A minor's contract is frequently voidable, however a minor can escape a contract only while his or her minority status and for a reasonable time after reaching the age of majority.
- The contract is regarded as ratified after a reasonable period of time and cannot be avoided.
- Other examples include real estate contracts, lawyer contracts, and so on.
Therefore, the status of this exchange of promises at this time is that it is a voidable contract.
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Employee benefits are- monetary rewards, and temporary incentives.
Employees in an organization or a company benefit from both monetary rewards as well as temporary incentives. Monetary rewards are cash or financial compensation provided by an employer to an employee, typically in addition to their salary.
The employers also provides their employees with temporary incentives such as bonuses and raises, recognition and rewards, health and wellness, giving fun gifts to employees etc.
Hence, monetary benefits represent quantifiable cash rewards presented for accomplishments. Monetary rewards and temporary incentives are often used by the employers in order to encourage workers to meet their goals.
Hence, option A and D are correct.
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