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2 years ago

The correct decision of decision variable are

Business

1 answer:

tresset_1 [31]2 years ago

7 0

The correct definition of decision variable is that it is a quantity that the decision-maker controls.

<h3>What is a decision variable?</h3>

This refers to an economic/physical quantities that usually competes with one another for sharing the given limited resources.

Hence, the term "decision variable" is best defined as a quantity that the decision-maker controls to utilize the resources.

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Diane has created the following code:

Effectus [21]

C is your answer (ik it’s likely a little late now, but this will help others who need it‍♂️)

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3 years ago

State a reason to justify that marketing is a beneficial concept.

AnnyKZ [126]

Answer: marketing is beneficial to customers because they can receive lower price they can receive new and improved products and it is also beneficial to the business because it allows businesses to maintain long-lasting and ever-present relationships with their audience

4 0

3 years ago

The minimum feasible long-run average cost for firms in a perfectly competitive industry is $27 per unit. If every firm in the

Furkat [3]

Answer: Marginal cost is $27 and market price is $27

Explanation:

In the long run, perfectly competitive industries make zero economic profit. This means therefore that Average cost will be the same as the Market price so Market price will be $27.

Firms in a perfectly competitive industry will produce at a rate where Marginal revenue will equal marginal cost in order to maximise profit.

In a perfectly competitive industry, firms are price takers which means that the Market price is also the same as the Marginal revenue. The Market price will therefore be equal to marginal cost which means that Marginal cost will also be $27.

5 0

3 years ago

Two people save money in a tax-deferred Individual Retirement Account that earns 8% annually. Person A invests $ 3,000 a year fr

riadik2000 [5.3K]

Answer:

Person B

Explanation:

If Person A begins investing $3,000 a year from age 20 to 29 he would have invested a total of $30,000. Each year he earns 8% of the amount in his account, so the first year he earns $3,000 x 8% = $240, the second year $6,000 x 8 = $ 480...and so on. Total interest earned are $99,600 from the age of 20 thru 65, because at age 30 no more money in invested but the $30,000 continues to earn 8% interest until the age of 65.

Person A earns a total of $30,000 + $99,600 = $129,600

Person B begins investing $3,000 a year at age 30 and invests a total of $108,00 from age 30 thru 65. Interest of 8% also needs to be considered from age 30 thru age 65. Total interest earned is $159,840.

Person B earns a total of $108,000 + $159,840 = $267,840

So Person B would earn more money at the age of 65.

PS: Spreadsheet attached.

Download xlsx

3 0

3 years ago

Suppose you buy a new iClicker 2 from the Illinois bookstore for $29.99. Your friend was lucky and found a used iClicker 2 onlin

Leokris [45]

Answer:

U.S. GDP increase by $29.99

Explanation:

given data

buy new iClicker 2 from bookstore for $29.99

used iClicker 2 online = 10

to find out

How much does U.S. GDP increase by

solution

we know that GDP is only include value of good and service produce during the certain period of time

and here we buy new iClicker 2 from the Illinois bookstore at $29.99 is only part of U.S. GDP

but when used iClicker 2 online is at $10 is not the part of U.S. GDP

so we can say U.S. GDP increase by only at $29.99

so U.S. GDP increase by $29.99

5 0

3 years ago