Answer:
$700
Explanation:
Given.
X = Number of Computers Sold
p(0) =.1, p(1) =.2, p(2) =.3 and p(3) =.4.
h(x) = Revenue - Cost
Revenue = 1000X + 200(3 - X)
Cost = 1500
So, h(X) = 1000X+ 200(3 - X) - 1500
h(X) = 1000X + 600 - 200X - 1500
h(X) = 800X - 900
The possible range of Computer sold is 0 to 3 (I.e p(0) to p(3))
Hence, we'll solve for h(0) to h(3)
h(0) = 800(0) - 900
h(1) = 0 - 900
h(0) = -900
h(1) = 800(1) - 900
h(1) = 800 - 900
h(1) = -100
h(2) = 800(2) - 900
h(2) = 1600 - 900
h(2) = 700
h(3) = 800(3) - 900
h(3) = 2400 - 900
h(3) = 1500
Calculating E(h(x))
E(h(x)) = p(0).h(0) + p(1).h(1) + p(2).h(2) + p(3).h(3)
So,
E(h(x)) = 0.1 * -900 + 0.2 * -100 + 0.3 * 700 + 0.4 * 1500
E(h(x)) = -90 - 20 + 210 + 600
E(h(x)) = 700
So, E(h(x)) = $700
Answer:
In the range of diseconomies of scale
Explanation:
Economies of scale refers to a concept whereby a firm accrues cost advantage owing to it's increased scale of production.
Economies of scale points towards efficient production.
Conversely, Diseconomies of scale refers to the phase wherein a firm experiences cost disadvantages owing to increase in organizational operations and output level.
Reasons for operation of this phase being, lack of motivation and proper coordination between employees since there are too many employees and management gets difficult.
In the given case, as the corporation decreased it's inputs, the output fell less proportionately which means the firm was earlier operating in the phase of diseconomies of scale.
Answer:
c. Accounting
Explanation:
Value chain refers to various linked activities in creating a product wherein at each stage, certain value is added. The concept was given by Michael Porter.
Porter divided the value chain activities into two groups i.e primary activities and secondary or support activities.
As the name suggests, support activities refer to those activities which aid or support the primary activities.
One of the support activities mentioned by Porter is the Infrastructure, which includes accounting function of an enterprise.
Answer:
the option with the highest present value is option 3 with a present value of $63,925
Explanation:
option 1)
$64,000 now, so that is its present value
option 2)
$20,000 cash now + 6 annual payments of $8,000 (6%) interest rate = $20,000 x ($8,000 x 4.9173 (PV annuity factor, 6%, 6 periods) = $20,000 + $39,338 = $59,338
option 3)
6 annual payments of $13,000 (6%) interest rate = $13,000 x 4.9173 (PV annuity factor, 6%, 6 periods = $63,925
Answer:
B) Collecting and evaluating only information that supports their opinions
Explanation:
Groupthink is a group phenomenon happening when group members' desire for cohesiveness becomes stronger than the critical approach of each member. Decisions that are affected by groupthink become biased and lack arguments which are essential for constructive discussion and effective decision-making.
In order to avoid this group problem, it is good to encourage team diversity (team members with diverse backgrounds and knowledge) and open discussion, where each team member <u>would be backed up with arguments that supports his/her opinion</u>. This is the best way to boost critical discussion and avoid groupthink, which leads to good team decisions.