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3 years ago

A country decides to produce wool. Which of the following key economic questions does this decision address?

Business

2 answers:

goldenfox [79]3 years ago

7 0

I believe the answer is: a. What should be produced?

-What should be produced?- is one of the three basic economic question that could only be asked after considering the available resources in the country, technology development, and purchasing power among the people.

The end answer for this question should be in the form of product.

ehidna [41]3 years ago

6 0

The correct answer is letter A. What should be produced. It is one the key economic decision questions that has to be answered so that the reason of making something won't go to waste.

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A firms total cost function is: TC= 500 + 150q - 20q2 + q3 what is the dollar value at the minimum of the average variable cost

Pavlova-9 [17]

Answer:

the correct answer is $150

Explanation:

TC=500 + 150q - 20q^2 + q^3

AVC=(150Q-20Q^2+Q^3)/Q

=150-20Q+Q^2

When AVC is at its minimum means that the marginal cost( CM) is igual to AVC, so we could consider this analysis:

CM= d(TC)/dq =150-40Q+3Q^2

CM=AVC

150-40Q+3Q^2=150-20Q+Q^2

Join similar terms:

150-150-40Q+20Q+3Q^2-Q^2=0

0-20Q+2Q^2=0

Q(-20+2Q)=0

Q_1=0 y Q_2=20/2=10

with q_1 with q_2

150-40*0+3*0=150-20*0+0 150-40*10+3*10^2=150-20*10+10^2

$150=$150 150-400+300 =150-200+100

$50= $ 50

We have two solution if we assume that q=0 like the minimum then the results is $150.

f we assume that q=10 like the minimum then the results is $50.

5 0

3 years ago

Kate plans to start a winter garment store. The market conditions suggest that the best time to start a winter garment store is

Aleks04 [339]

December because it's between the months of October and February

8 0

3 years ago

Universal Sports Supply began the year with an accounts receivable balance of $200,000 and a year-end balance of $220,000. Credi

Dovator [93]

Answer:

3.6

Explanation:

The receivables turnover for the year is calculated as;

= Net sales(credit sales) ÷ Average accounts receivables

Average account receivables

= ($200,000 + $220,000) ÷ 2

= $210,000

Therefore, Receivables turnover

= $750,000 ÷ $210,000

= 3.6

6 0

3 years ago

To compare two programs for training industrial workers to perform la skilled job, 10 workers are included in an experiment. All

Alex17521 [72]

If we compare the p value and the significance level assumed we see that so we can conclude that we have enough evidence to reject the null hypothesis, and we can conclude the the true mean for method 1 is lower than the mean for the method 2 at 5% of significance.

<h3>Data given and notation</h3>

We can calculate the sample mean and deviation with these formulas:

represent the mean for the sample mean for 1

represent the mean for the sample mean for 2

represent the sample standard deviation for the sample 1

represent the sample standard deviation for the sample 2

sample size selected 1

sample size selected 2

represent the significance level for the hypothesis test.

t would represent the statistic (variable of interest)

represent the p value for the test (variable of interest)

State the null and alternative hypotheses.

We need to conduct a hypothesis in order to check if the average time taken when training under method 1 is less than the average time for Method 2, the system of hypothesis would be:

<h3>Null hypothesis:</h3>

Alternative hypothesis:

If we analyze the size for the samples both are less than 30 so for this case is better apply a t test to compare means, and the statistic is given by:

(1)

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine whether the means of two groups are equal to each other".

Calculate the statistic

We can replace in formula (1) the info given like this:

P-value

The first step is calculate the degrees of freedom, on this case:

Since is a one sided test the p value would be:

To learn more about null hypothesis visit the link

brainly.com/question/16261813

#SPJ4

5 0

1 year ago

You and another project manager disagree over whether a team member should work on your team or on her team. You decide that the

andrezito [222]

Answer:

A. Smoothing

Explanation:

The smoothing approach is a conflict resolution technique that occurs when the project manager seeks to resolve the conflict by seeking an agreement that is beneficial to everyone, that is, seeking to reach consensus on a certain situation to mitigate divergences and thus focus back to work and not conflict.

This technique is a quick solution for the resolution of conflicts that is generally effective in the short term, because the conflict, even if it exists, is left aside while there is a viable solution, such as what happened in the question, that despite the two managers want the team member working for him full time, each of the managers gave in to have the employee working part time for each one.

5 0

3 years ago