Answer: Identify the alternatives.
Explanation:
Elvin is taking the third decision making step which is to identify alternatives. The first alternative in this case is improving the packaging of his products, while the second is offering price discounts.
Decision making involves all the steps required in knowing that a decision ought to be taken, getting the needed information that would inform that decision, and also analyzing alternate steps that could be taken .
Identifying the alternatives involves finding out the various solutions at ones disposal. Elvin identified two alternatives in this instance.
Answer:
Both direct costs and activity costs.
Explanation:
Activity-based costing model takes into consideration both the direct and activity costs, as it does not omit the overhead or indirect costs, unlike some other costing methods. This costing model, is mostly used in the manufacturing. This method identifies activities and assigns them to each product or service accordingly.
Answer:
The correct answer is letter "B": public choice theory.
Explanation:
The public choice theory is a branch of economics that deals with the traditional problems of science. According to the theory, individuals involved in politics act almost under the same principles of those individuals interacting in the private monetary sector. In that case, the ultimate goal of both individuals is obtaining a monetary reward.
Explanation:
The journal entries are as follows
On December 31
1. Interest expense A/c Dr $380
To Interest payable A/c $380
(Being the interest expense is recorded)
2. Account receivable A/c Dr $1,820
To Service revenue A/c $1,820
(Being the unbilled amount is recorded)
3. Salaries expense A/c Dr $750
To Salaries payable A/c $750
(Being the salaries expense is recorded)
The deadweight loss associated with a monopoly occurs because the monopolist produces an output less than the socially optimal level.
<h3>What is monopoly?</h3>
A monopoly is an economic structure where a specific person or enterprise is the only supplier of a particular good.
The above means that company that exists in a market with little to no competition and can therefore set its own terms and prices when facing consumers, making them highly profitable.
Hence, the deadweight loss associated with a monopoly occurs because the monopolist produces an output less than the socially optimal level.
Learn more about monopoly here : brainly.com/question/13113415
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