Farmer Brown will have to charge enough to make sure he is receiving the most money for his product. He needs to make sure what he charges is more than what it costs to make his item and then profit what he would like. Maximizing profit refers to producing the quantity of output where marginal revenue is equal to marginal cost.
Answer: Alternate form reliability
Explanation:
Alternate form reliability could be described as a reliability method where an individual carrying out a research is given two different version of the same test at different times with the aim of comparing the scores to determine how reliable the test is.
The reliability evidence seems most useful in this situation is an alternate form reliability which would give the sales representative an idea of the various results and differences in order to market the product effectively.
$327.2 for the first 40
$116.575 for the remaining 9.5 hours paid at 1.5x the pay
$443.765 is your sum, however if you are to round to actual pay, it would be $443.77
Answer:
A and C.
Explanation:
There are five foundations of economics:
-Incentives matter.
-Opportunity costs.
-Trade creats value.
-Life is about trade off.
<em>Is a situation in which more of one thing necessarily means less of something else.</em>
<em>When desicions are made, people are always confronted with multiple alternative actions. Example, waking up for school.</em>
<em>The ultimate desicion should be the more efficient, profitable outcome.</em>
-Marginal thinking.
<em>The word marginal in economics means additional. It requires the evaluation of whether one more unit of something has higher additional benefits than additional costs. </em>