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.

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

Apharmaceutical packaging company (ppc) has decided to reorganize its processes into cells. the company has four different production operations, each requiring a unique piece of equipment. the names and functions of the four pieces of equipment are sort, count, place, and package. the company packages five different families of products (a, b, c, d, and e). the tables below indicate the demand (total units/day by product family), required operations, and operation cycle times for each product family. assume that any individual piece of equipment is available to operate 16 hours/day, but 2 hours (in total) are lost each day on each piece of equipment due to breaks and meetings when operators are not available to operate the equipment. how many minutes/day are available for production

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