4. Problems and Applications Q4

Wireless, high-speed Internet is provided for free in the airport of the city of Communityville.
At first, only a few people use the service.

In this case, the service is:

A. Not excludable and rival in consumption
B. Excludable and not rival in consumption
C. Not excludable and not rival in consumption
D. Both excludable and rival in consumption

Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall.
Now the service is:

A. Not excludable and not rival in consumption
B. Excludable and not rival in consumption
C. Both excludable and rival in consumption
D. Not excludable and rival in consumption

True or False:
One possible way to solve the problem that arises from the increased usage is to charge a fee for using this service.

Which of the following best explains cost-push inflation? a. increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. b. consumers demand goods faster than they can be supplied, increasing competition among buyers. c. rising prices for goods and services reduce spending power and cut into consumer demand. d. wages drop so that workers have to spend a higher percentage of income on the cost of necessities.2b2t

Which feature transfers a slide show into a word-processing document?

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks