The appropriate “weighted” in the weighted-criteria evaluation system is derived from the fact that the company will consider particular criteria more important than others and therefore, will give those criteria a higher possible part of the complete score.
The weighted criteria evaluation system is a valuable decision-making technique that is used to analyse program options based on particular evaluation criteria weighted by significance.
By evaluating various options based on their performance with respect to personal criteria, a value for the options can be recognized. The value for each option can be collated to generate a rank order of their performance connected to the criteria as a whole.
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Answer:
d. more consumer goods can only be produced at the cost of fewer capital goods.
Explanation:
The production possibility curve is a curve that shows the two combinations of goods and services produced in an economy when its resocurces are fully employed.
To increase the production of one good, more quantity of the other good has to be given up.
The opportunity cost of production increases as more quantity of one good is produced.
In this question, to produce more consumer goods, fewer capital goods would be produced.
I hope my answer helps you
Answer:
The correct answer is D. not able to be calculated from the information given.
Explanation:
The consumer surplus is the gap between the maximum price that the consumer is willing to pay and the price the consumer actually pay.
So, in this case, to get consumer surplus , we have to know the price that Mister Smith was willing to pay and the price he actually paid. We only have the price he paid and we don't know how much he was willing to pay.
Then , we are not able to calculate consumer surplus with the information given.
Answer:
The effective rate of interest in the fifth year is 6.15%
Explanation:
Mathematically, the effective rate of interest can be calculated as follows;
Reff = (1 + r/y)^y - 1
where;
r is the interest rate = 6% = 6/100 = 0.06
y is the period = 5 years
Substituting these values;
Reff = (1 + 0.06/5)^5 - 1
Reff = (1 + 0.012)^5 - 1
Reff = 1.012^5 - 1
Reff = 1.061457 - 1
Reff = 0.0615 which is 6.15%
Answer:
Monetary policy and Fiscal policy
Explanation:
There are two types of policies that the government uses to affect the economy. The first one is
1) Monetary policy is the use of changing interest rates or money supply to to affect the economy. For example if a government wants to slow down an economy they will increase interest rates so that the demand for money decreases and there is less investment in the economy. This is known as Contractionary monetary policy.
2) Fiscal policy is when the government changes tax rates or government spending in order to affect the economy, so if a government wants to boost an economy it will lower taxes to encourage business and this is known as expansionary fiscal policy.
