Answer:
A.
Explanation:
In the context of business, Drum buffers are Extra safety that is applied to a project immediately before the use of the constrained resource. This term is a planning and scheduling solution that is taken from the Theory of Constraints, which revolved around the idea that there is a limited number of scarce resources that control the overall output that can be obtained and planning accordingly is needed for safety.
Answer:
the decrease in the savings is $600 billion
Explanation:
The computation of the decrease in the savings is shown below;
The difference in the income is
= $11,000 billion - $10,000 billion
= $1,000 billion
Now the decrease in the savings is
= 0.60 × $1,000 billion
= $600 billion
Hence the decrease in the savings is $600 billion
The same is to be considered and relevant
Answer:
The manger did not make a mistake
To determine the effect that an increase in price would have on revenue, we have to determine the price elasticity of demand.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price
Price elasticity of demand = percentage in quantity demanded / percentage change in price
4% / 5% = 0.8
The elasticity of demand is less than 1, this means that demand is inelastic
When demand is inelastic, if price is increased, the fall in quantity demanded would be less than the increase in price. As a result, if price is increased total revenue would fall.
Based on the manger's calculation, demand is inelastic, so she was not wrong in increasing price.
Explanation:
Answer:
Government intervention in the economy.
Explanation:
The government in some cases take actions that affect the economy to have an impact and address inefficiencies. In this case, the intervention takes the form of a regulation that establishes a lobster fishing season in the state of Florida. Because of that, the answer is that this is an example of government intervention in the economy.
