Answer:
Rational model.
Explanation:
Rational decision model uses logic and objectivity while trying to solve a problem. It is not subjective neither does it have to depend on intuition. It helps one to identify a problem and get a solution amongst different options. It maximizes efficiency through picking the best option amongst the rest based on a specific criteria. It is assumed that the person making this choice has enough information about the options.
<span>I would say that group polarization sets up a number of independent groups to work on opposing sides of an issue. In any issue, there are always two sides or two positions and to resolve them both then both sides of the story need to be clearly laid out on the table with total disclosure to facilitate a resolution.</span>
Answer:
A- $ 50 Electricity
$ 75 Office suplies
$ 125 Total explicit costs
B- $ 300 Rent
$10000 Lost of salary for quitting his job
$ 10300 Total implicit cost
C- $ 125 Total explicit costs
$ 10300 Total implicit cost
$ 10425 Total economic cost
Explanation:
A- Explicit costs are observable (such as salaries paid to employees, material costs, taxes, etc.) and are paid with cash.
B- Implicit costs are those incurred for giving up an alternative use of a specific resource, but no cash outlay is made. In this case, $ 300 that is no longer earned by using the garage as an office and $10000 lost each month for quitting his job.
C- The sum of the implicit and explicit costs determines the total economic cost
.
Answer:
50 guests
Explanation:
Marginal product is the factor of production, which is defined as the change in the output results or consequence from employing one or single unit of a specific unit. It is also acknowledge as the marginal physical productivity.
For example, the change in the output results when the business or the firm increase the labor from 6 to 7. So, 1 would be the marginal product.
So, in this case, the marginal product for the third waiter is 50 guests (120 - 70).
Answer:
Summary business plan
Explanation:
Summary business plan refers to a form of business plans that is presented in short/concise key points. These key points will have enough information to tell potential information regarding the type of products that will be sell and the strategy to obtain profit, but it won't include the specific details.
(this is why Sarah required more fund to conduct a feasibility analysis and to write a more complete business plan. )
Typically, summary business plan is made if your potential investors do not have much time to hear your presentation.
