Answer:
Explanation: The implementation of resource management policies can be achieved through the following: control theory, machine learning, utility-based, and market-oriented method.
1. Control theory:
Benefit- it can analyse linear and non linear systems, single or multiple systems.
Problem- It is complex and requires multiple computations
2. Machine learning Theory:
Benefit- It does not sole depend on extracting information and it gives room for improvements. It performs routine and non routine tasks
Problem- It requires a complex to understand and need trained professional to operate it.
3. Utility-based method:
Benefit - It gives urgency to tasks, it gives users better satisfaction.
Problem- the tasks needs to be carried out continuously
4. Market-oriented method:
Benefit - it gives room to know and understand the market, it leads to an increased organisational performance.
Problem- requires a professional.
Answer:
a respondent’s reason for not buying a particular product that was sent in the mail as a sample
Explanation:
Kyle would increase his consumption of turkey sandwiches from 7 to 9 per week if their price fell from $6 to $4. This illustrates the idea of<u> the law of diminishing marginal utility.</u>
The introductory economics textbook Principles of Economics was written by N. Gregory Mankiw, a professor of economics at Harvard.
As of 2020, there have been nine editions since its initial release in 1997. Prior to the book's publication, there was debate over the substantial advance author Greg Mankiw received from publisher Harcourt.
More than a million copies have now been sold, bringing in at least $42 million for Mankiw.
Mankiw made the decision to donate the textbook royalties he had been collecting from his students to charity after hearing their concerns about the cost.
Principles of Economics is the required text for introductory courses in American economics departments.
It is the "most commonly used economics textbook," according to its current publisher Cengage.
To learn more about Principles Of Economics here
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Explanation:
Donna is going to engage in
buying <u>raw materials</u>?
Answer:
$1,490,000
Explanation:
Given that,
Direct Material used = $795,000
Wages to Line workers = $270,000
Indirect Materials used = $425,000
Total product cost for the year:
Direct Material used + Wages to Line workers + Indirect Materials used
= $795,000 + $270,000 + $425,000
= $1,490,000
Therefore, the total product costs for the year is $1,490,000.
