Answer:
The price of $23 will maximize the total revenue.
Explanation:
Revenue is a function of price multiplied by quantity. Thus, the equation for revenue is,
Let p be the price.
Revenue = (3680 - 80p) * p
Revenue = 3680p - 80p²
To find the price that will maximize the revenue, we need to take the derivative of this equation as derivative tell us about change.
Taking derivative,
d/dp = 1 * 3680 - 2 * 80p
0 = 3680 - 160p
160p = 3680
p = 3680 / 160
p = 23
So, at price p=$23, the total revenue will be maximized.
Answer:
The basic questions to answer are the 4 economic problems.
Explanation:
What to produce?
The question of what to produce has already been answered by determining to produce cotton shirts.
How to produce?
This deals with the procedure and materials needed for production. In answering the question of how to produce, one must a certainnn the needed materials needed, suitable labour and appropriate processes.
For whom to produce?
Not the individual or firm must ascertain the category of people he wants to produce for, it it the rich or the poor, elite or artisans, students or working class, adults or babies.
A. Because grants and scholarships are free money and loans have to be repaid. 25% is the lowest amount of loans
The correct designing principles that will be implemented to create the brochure will be Contrast and Repetition.
In the question, it is stated that a brochure has to be made for the business. The brochure will be designed such that the text will be in black color, the section headings will be blue, etc. In order to create such a brochure, the Designing principles will include Contrast and Repetition.
Contrasting and Repetition are based on making people visualize and highlight the key points of the brochure. It is basically based upon creating a contrasting difference between and highlighting the important key points in the brochure.
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The Answer is (b) False
Scrum is an agile product development framework.
In such a development framework, scrum team works closely with all stakeholders involved from the very first day.
In fact, first scrum meetings are always between the team and the investors and after that, the scrum team carried on with daily meetings
