The value of the television for Monique is the same as the amount that Moniques is willing to pay for the television. We calculate this amount from the definition of consumer surplus. This term is a measure of consumer benefit. It is equal to the difference of the amount that the consumer is willing to pay for a certain good or service and the amount that the consumer really paid or the real price of the product or service. From this definition, we can calculate the value of the television for Monique.
Consumer surplus = value for monique - value paid
$ 355= Value for Monique - $ 795
Value of the television for Monique = $ 1150
Answer:
Correct option is A.
<u>Not partners, because Carmen does not have an ownership interest or management rights in Bowls Bistro.</u>
Explanation:
Because he has no managerial or ownership rights, That's why they are not partners in the given scenario.
Suppose Naomi promises Marina a raise if the set building delays stop. The type of behavior Naomi be exhibiting is "<u>theoretical-practical behavior</u>."
This is because <u>theoretical-practical</u> <u>behavior</u> is a type of behavior that is expressed due to a motivating reason or factor.
In order words, a <u>theoretical-practical</u> <u>behavior</u> is usually expressed by individuals because there is an expected reward.
Generally, there are three types of behaviors humans exhibit; these types of behaviors include the following:
- The purely practical behavior;
- The theoretical-practical behavior;
- The purely theoretical behavior.
Hence, in this case, it is concluded that the correct answer is theoretical-practical behavior.
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Answer and Explanation:
The journal entries are as follows:
On May 4
Account payable $600
To cash $600
(Being cash paid is recorded)
On May 7
Account receivable $6,500
To service revenue $6,500
(being service on account is recorded)
On May 8
Supplies $800
To Account payable $800
(being supplies purchased on account)
On May 9
Equipment $1,000
To cash $1,000
(being cash paid)
On May 17
Salary expense $500
To cash $500
(being cash paid)
On May 22
Repair expense $800
To Account payable $800
(Being received bill for repairing of an equipment is recorded)
On May 27
Prepaid rent $1,100
To cash $1,100
(Being cash paid is recorded)
Answer: Rise initially, but eventually fall.
Explanation:
The increase in the workers brought would increase the marginal product; there would be increase in production based on the number of persons that were engaged but the marginal cost might eventually fall in the future because of human management and resilience from the workers that were brought
