Answer: 0.52
Explanation:
Opportunity cost is the benefit that is obtained from a good or from an activity is foregone by choosing some other alternative.
It was given that a family spends its entire budget either on vegetables or frozen pizzas.
So, the opportunity cost of a can of vegetables 
= 0.5294 units of frozen pizzas
This means that opportunity cost of spending on a can of vegetables is 0.52 units of frozen pizzas.
Answer:
31.43 years
Explanation:
The number of years can be calculated using growth rate formula
yf = yi ( 1 + r) ^ t where yf is the final population, yi is the initial population, r is the rate in % and t is the number of years
yi = 50, yf = 1000, r = 10% and t = ?
substitute the values into the formula
1000 = 50 ( 1 + (10/100)) ^ t
divide both side by 50
1000/ 50 = 1000/50 ( 1.1) ^t
20 = (1.1) ^t
take log of both side
log 20 = t log 1.1 ( remember log a^b = b log a)
divide both side by log 1.1
log 20 / log 1.1 = t
t = 31.43 years
Answer:
C. Firms manage customer touch points to maximize customer loyalty
Explanation:
Customer relationship management(CRM) entails technology used by businesses to interact with their customers in order to concertize their loyalty to the business. CRM is not used for existing customers alone. It is also used to communicate with potential customers, lure them in and turn them to customers.
The major objective of CRM is to retain customers confidence in the brand and equally profit from their interaction with the company.
So option c is correct because CRM helps firms customer touch points to maximize customer loyalty
Answer:
87.50%
Explanation:
The calculation of value of Zook's currency will decrease in percentage is shown below:-
For computing the Percentage decrease first we need to find out the value of money which is shown below:-
Value of money = 1 ÷ Price level
= 1 ÷ 8.00
= 0.125
Percentage decrease = (Value of money - 1) ÷ 1 × 100%
= (0.125 - 1) ÷ 1 × 100%
= -0.875 ÷ 1 × 100%
= 87.50%
