Answer:
1. I don't think the risk is worth taking because of the risks involved in the treasure hunt is High. so you just such it up and continue your regular job, because there is no full assurance that the treasure even exists.
2. The expected value of perfect information ill be given by 
.
Explanation:
By the above perfect information on whether the treasure is real or not the chance of success is very slim, so it can easy go sideways for you, and making you lose your job at the same time while at the process of looking for a treasure you might not find probably.
The wealth effect refers to the fact that when the price falls, the real value of household wealth rises and consumption will also rise. The wealth effect causes movement along the demand and supply curve due to the value of money and items changing. The wealth effect is used to determine people spending more money when the value of their assets rise.
Answer:
a. Revenue = $23,660
b. Revenue = $40,837.50
Explanation:
a) Data and Calculations:
Minimum number of chairs to be sold under the deal = 260
Price at minimum number of chairs (260) = $91
Maximum number of chairs to be sold under the deal = 450
Discount offered for quantity above 260 = $0.25 per chair on the entire order
Price at maximum number (or just above 260 chairs) = $90.75 ($91 - $0.25)
Minimum revenue to be made under this deal = $23,660 (260 * $91)
Maximum revenue to be made under this deal = $40,837.50 (450 * $90.75)
Answer:
125,000 units
Explanation:
Given that,
Target profit = $300,000
Unit sales price = $12
Unit variable cost = $8
Total fixed costs = $200,000
Firstly, we need to find out the contribution margin per unit:
= Unit sales price - Unit variable cost
= $12 - $8
= $4
Now, units required to sold for earning the desired profit is calculated by dividing the sum of desired net income and total fixed costs by the contribution margin per unit. It is calculated as follows:
= (Target net income + Total fixed cost) ÷ Contribution margin per unit
= ($300,000 + $200,000) ÷ $4
= $500,000 ÷ $4
= 125,000 units
Therefore, this company must be sold 125,000 units to earn income of $300,000.
Melissa needs to work with the hotel department managers on how to cut costs, as a part of her<u> "resource allocator"</u> role.
Resource allocation is the way toward assigning and overseeing resources in a way that backings an association's vital objectives.
Resource allocation incorporates overseeing unmistakable resources, for example, equipment to make the best utilization of milder resources, for example, human capital. Asset distribution includes adjusting contending requirements and needs and deciding the best strategy with a specific end goal to boost the powerful utilization of constrained assets and gain the best degree of profitability.
