If the output of product x is such that marginal benefit equals marginal cost:

Determine the amount of consumer surplus generated in the following situation. After soccer practice, Stacey is willing to pay $2 for a bottle of mineral water. The 7Eleven sells mineral water for $2.25 per bottle, so she declines to purchase it. a.

Your home insurance policy has a $500 deductible. if a windstorm causes $2,000 damage to your home, what amount of the claim would the insurance company pay? a. $2,000 b. $1,000 c. $1,500 d. $500

1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020.

Second Link Services granted restricted stock units (RSUs) representing 16 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years.

Process cost accounting is most appropriate when there is continuous production on a single product. when a company produces more than one product in batches rather than on a continuous basis.

About three hours after he falls asleep, Bobby often sits up in bed screaming incoherently. Hismother tries to awaken him, but with no success. The next morning, he remembers nothing. Itappears that Bobby suffers from A. night terrors. B. narcolepsy.

If marginal product is 4 units and average product is 8 units, the next worker will cause (A) marginal product to increase. (B) average product to increase by 4 units. (C) marginal product to become negative.

A Subchapter S or S Corporation is: a. a special class of close corporation under the MBCA. b. an IRS tax treatment option for corporations owned by a limited number of shareholders. c. a not-for-profit corporation. d. none of the above

Luana loves shopping for clothes, but considering the state of the economy, she has decided to start saving. At the end of each year, she will deposit $570 in her local bank, which pays her 6% annual interest.

Suppose you like to make, from scratch, pies filled with banana cream and vanilla pudding. You notice that the price of bananas has increased. As a result, your demand for vanilla pudding would a. decrease. b. increase. c. be unaffected. d.