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Oxana [17]
3 years ago
12

2. Determining opportunity cost Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three sto

res carry the same dress, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $129 for the dress: Store Travel Time Each Way Price of a Dress (Minutes) (Dollars per dress) Local Department Store 15 129 Across Town 30 86 Neighboring City 60 63 Juanita makes $50 an hour
Business
1 answer:
Zepler [3.9K]3 years ago
5 0
<span>Juanita should buy the dress Across Town. Based on the amount of money she makes per hour, the cost of travel round-trip is $50 for one hour of travel. The total cost of the dress is now $136 which is less than the total cost of buying the dress elsewhere.</span>
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public sector is the answer because it's right

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Why is it often difficult for a new supervisor or manager to be promoted from within? What specific challenges often accompany t
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It is difficult for new supervisors and managers to be promoted from within because adequate training are not provided. Most of the good habits that make up a good leader must be learned.

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Challenges faced by new managers include:

1) Managing others while still actually working

It is important for managers to know how to differentiate between times they can focus their attention to employee concerns and times they decide not to attend to anyone and whether this is applicable to their team.

A calender will be needed for this type of situation.Schedule regular check-ins with employees, and block off times for you to focus on your own work. Unexpected and urgent situations will always arise, so you will have to add in some flexibility.

Resist the urge to make yourself available to every demand that comes your way.

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When you attain the new rank of a manager, it is important to define the boundaries of your relationships with your subordinates as soon as possible.

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First-time managers are always very excited to start making their marks on the organisation, but if you force too many changes at a fast rate, your staff may push back.

Take a collaborative approach on making changes to get the support of your staffs.

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A lot of new managers sometimes have a hard time delivering important feedback or having difficult conversations.

If you avoid telling an employee their faults and how they need to shape up, you might end up driving away others on your staff including your top performers by letting the problem spread.

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8 0
3 years ago
Own price increases are associated with decreases in quantity demanded, ceteris paribus. These decreases in quantity demanded ar
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Answer:

Income effect

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Own price increases are associated with decreases in quantity demanded, ceteris paribus. These decreases in quantity demanded are composed of two effects, the substitution effect and the<u> Income effect.</u>

We know as per the law of demand, price increases lead to decrease in the quantity demanded if factor remain constant.

Quantity demanded has effect of two other major factors:

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Subtitution effect: It is the price of subtitution goods & services also lead to increase and decrease of demand for any particular goods.

Example: Price of tea and coffee.

Income effect: It is the income of consumer that effect the demand of any goods & sevices, as with the increase in income of consumer, their demand for inferior goods decreases and demand for branded goods increases.

Example: Non branded clothes and branded clothes.

3 0
3 years ago
The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The
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B. Larger growth opportunities based on market size

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