<span>a sum of money sent or in payment for goods or services or as a gift.
</span>
Answer:
e. $3,200
Explanation:
According to accrual concept the expense which is incurred but not been paid should be recorded in the same period when it is accrue.
At the end of the period only 4 days from Monday to Friday is pased for which the wages have not been paid. The expense is accrued and unpaid.
Pay per day = $800
Pay for 4 days = $800 x 4 = $3,200
Answer:
b. $28,000 and $12,000 respectively
Explanation:
The marginal cost and marginal revenue refers to the additional cost or revenue that is generated for adding an additional unit or increasing the ouput by one unit,
In thi case, moving to Large reservoir from Medium reservoir
Marginal cost: 72,000 - 44,000 = 28,000
<em>It cost 28,000 to move to a large reservoir</em>
Marginal revenue :64,000 - 52,000 = 12,000
<em>It generates additional benefit for 12,000</em>
Answer:
C. Isoquants will become much flatter.
Explanation:
An isoquant which from Latin maeans "equal quantity"can be regarded as counterpart of the consumer's indifference curve of a company, it is curve which shows some kind of consistent amount of output. It can be known with it's negative slope. With isoquant all the inputs that gives rise to the same level of output can be known
Therefore, in a case whereby robots become increasingly good at doing manual and mental labor then a typical isoquant will become much flatter.
