Answer:
total costs equal total benefits.
Explanation:
Net benefit is maximized at the point at which marginal benefit equals marginal cost. The marginal decision rule is at the heart of the economic way of thinking. The rule basically says this: If the additional benefit of one more unit exceeds the extra cost, do it; if not, do not.
The idea that all successful entrepreneurs persevere through setbacks and failures is the key characteristic that fuels an entrepreneurial discoveries which is illustrated by the idea that many entrepreneurs consider that failure only occurs when one doesn’t try.
<h3>Who is an entrepreneur?</h3>
This means the person that creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship.
The characteristics of successful entrepreneurs are:
- passion for the business
- product/customer focus
- tenacity despite failure
- execution of idea.
Therefore, the idea that all successful entrepreneurs persevere through setbacks and failures is the key characteristic that fuels an entrepreneurial discoveries
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Answer:
$40,000
Explanation:
The computation of the goodwill amount is shown below:
= Paid amount + liabilities - current assets - plant and equipment - carrying amount value
= $600,000 + $400,000 - $80,000 - $760,000 - $120,000
= $40,000
This $40,000 indicated the goodwill amount reported in its consolidated balance sheet
All other information which is given is not relevant. Hence, ignored it
Answer:
The answer is: A) self-service
Explanation:
Self service can be defined as the serving of oneself.
This happens when a client serves himself with goods or services offered by a business without the aid of a waiter, clerk, attendant, etc.
Sometimes that same client might even pay for the goods or services by himself usually thorough electronic payment devices (credit cards, phone apps, etc.) , without any human cashier.
Answer:
B. Surplus and the price level will fall
Explanation:
If at a particular price level the real domestic output from producers is greater than real domestic output desired by purchasers it means that supply has outstripped demand and price has not changed.
If supply is greater than demand, there would be a surplus and prices would fall.
An increase in supply is shown by a rightward shift of the supply curve.
