Productive time relates to time spent performing functions that are specified in that employee’s job description. Julie works in the Medical Records department. She is the junior member of the Medical Records staff. Because the department is currently somewhat overstaffed (an uncommon occurrence), Julie has begun spending two afternoons per week doing filing for the Accounts Receivable office that is next door. Strictly speaking, should Julie’s supervisor count her two afternoons per week in Accounts Receivable as part of the Medical Records department productive time? A. Yes.
B. No.
C. Not applicable.

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.

Melissa buys an iphone for $240 and gets consumer surplus of $160. a. what is her willingness to pay? b. if she had bought the iphone on sale for $180, what would her consumer surplus have been?

Which of the following are true of mortgages? a mortgage is a long-term loan secured by real estate. a borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity. over 80 percent of mortgage loans finance residential home purchases. all of these are true of mortgages. only a mortgage is a long-term loan secured by real estate and a borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity of these are true of mortgages.