One way to promote a new business is to offer free items. if jayleen were to open a restaurant and offer free food, she likely would have a line out the door. how would an economist understand the behavior of those standing in line?
a. those waiting in line place a high value on the use of their time.
b. those waiting in line believe that the marginal cost of waiting in line exceeds the marginal benefit of waiting in line.
c. those waiting in line place a low value on the use of their time.
d. those waiting in line believe that the marginal cost of waiting in line is zero.
e. those waiting in line believe that the marginal benefit of waiting in line is zero.

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.