Ayoung couple living in rural west-central missouri heard about the closing of a local grocery store. although a small operation, it served a small community that would now have to travel another 20 miles to the nearest grocery store. with from a local realtor and banker, the couple purchased the store, remodeled it, and re-opened it. as new storeowners, they had to carefully watch cash flow. as their customer base began to grow, they began offering hot food, and hired others to with the operation. the economic benefit created in this story is called:

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mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?