Answer:
a) Marginal cost of waiting is greater than the marginal benefit of being served
Explanation:
For an economic perspective, customer leave a fast food restaurant as they find the marginal cost of waiting is higher than the cost of marginal benefit of being served at restaurant.
Marginal cost: In economics, it is a cost that is incurred for an additional unit of benefit received out of certain action or activity.
Marginal benefit: It is a benefit received for an additional unit of cost incurred during the activity taken place.
Therefore, customer have done analysis on the benefit of waiting in a queue for getting served at restaurant, which he found that marginal cost is greater than the marginal benefit of being served.
Answer: Brian and Sondra have, done nothing illegal
Explanation:
Brian and Sondra company are totally in their right, they are not directly involved in the poor fortunes of their competitors.
A rise in sales at Brian and Sondra company led to drop in the sales of their competitors leading to closure of their competitors businesses.
Answer:
A Mortgage Backed Bond is:
e. A loan in which security interest in real estate is granted by a borrower.
Explanation:
A mortgage backed bond is tied to or secured on a real estate asset. This implies that the bond is not just a promise to pay a debt obligation but the attached promise is secured or backed by some real assets. There is extra security provided for the bond because specific assets are identified as securities for the bond. Since the bonds are associated with some real assets, the assets can be traded in the event that the debt obligations are not met.
Answer:
A. Telephone expense is debited $82; accounts payable is credited $82.
Explanation:
Mr. Peabody has incurred a debt of $82 on telephone expenses. His expenses have increased by $82, and his debts(liabilities) have also increased by $82.
An increase in expenses is recorded by debiting the relevant expense account. Mr. Peabody will debit the telephone expense account by $82.
Liabilities have increased by $82. An increase in liabilities is recorded by crediting the liabilities account. Mr. Peabody will complete this transaction by crediting the liabilities account by $82.
Answer:
Manson will incur a loss of $10,300 by buying the part.
Explanation:
Purchases = 10,300 * $6 = $61,800
Variable cost = 10,300 * $5 = $51,500
Fixed cost = 10,300 * $3 = $30,900
Analysis:
<u>Details Make ($) Buy ($) Net ($)
</u>
Purchase 0 61,800 61,800
Variable 51,500 0 51,500
Fixed 30,900 30,900 <u> 0 </u>
Loss <u> 10,300 </u>
Therefore, Manson will incur a loss of $10,300 by buying the part.
