The purchasing power of a dollar will erode by 8.26%.
The purchasing power of $1 if inflation rate is 8% is as follows:
Purchasing power = 1 / (1 + 0.08)
Purchasing power = 1 / 1.09
Purchasing power = 0.91743119
Change in purchasing power = [(0.91743119 - 1) / 1]*100
Change in purchasing power = [(-0.08256881/1} * 100
Change in purchasing power = -0.08256881 * 100
Change in purchasing power = -8.26%
Therefore, the purchasing power of a dollar will erode by 8.26%
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Answer: 4600
Explanation:
The number of deer that Concord can capture during 2020 will be calculated thus:
Let the number of deers that'll be captured be represented by x.
Based on the information given in the question, we can form an equal which will be:
Fixed cost + Variable cost = Total cost
10000 + 10x = 56000
10x = 56000 - 10000
10x = 46000
x = 46000/10
x = 4600
Therefore, 4600 deers can be captured
Answer:
A.The right to choose
Explanation:
If Casio buys out all other calculator manufacturers, Casio would become a monopoly. Only Casio calculators would be available in the market and consumers can only buy Casio calculators.
The right to choose would be affected by this decision.
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Answer:
One example of a value-added service in operations management would be the development of premium agricultural products like premium coffee or tea.
Explanation:
Agricultural products tend to be basic and cheap than most other goods because they are a basic necessity, meaning tha not only theird emand is high, but so is their supply, causing the market price of agricultural products to be relatively low.
If a company instead chooses to add value to its agricultural product, then, the company creates a product not only of higher value to both the company and its customers, but also in terms of price, that can therefore generate a higher revenue for the firm. Operations management is fundamental in this process because it deals with the production process of the product, which would go through several stages.