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The study of economics on a smaller scale is called

goldenfox [79]

Answer: c. microeconomics.

8 0

3 years ago

Which of the following statements are true of local taxes? (Choose all that apply)

Andrew [12]

Local taxes can be sales taxes

4 0

3 years ago

A graphics reproduction firm has four units of equipment that are automatic but occasionally become inoperative because of the n

elena55 [62]

Answer:

(a) Average number of unit in line = 0.256

(b) Average number of unit in operation= 3.209

(c) Average number of unit being service in operation = 0.535

Explanation:

Given Data:

Number of machine N = 4

Number of attendant (S) = 1

Service time (T)= 5 mins

Time required by the machine before servicing = 30 mins

Calculating the service factor (X) using the formula;

X = T/(T+U)

= 5/(5+30)

= 5/35

= 0.1429

(a) Calculating the average number of unit in line (L) using the formula;

L = N* (1-F)

where, N = Number of unit

F = efficiency factor

L = average number of unit in line

Using the finite queuing table at X = 0.1429 and S = 1,

Efficiency factor = 0.936

Substituting, we have;

L = 4*(1-0.936)

= 4* 0.064

= 0.256

(c) Calculating the average number of unit being service in operation (H) using the formula;

H = N*F*X

= 4 *0.936*0.1429

= 0.535

(b) Calculating the average number of unit in operation using the formula;

Average number of unit in operation= Number of unit-down unit

But down unit = L+H

The formula becomes;

Average number of unit in operation= Number of unit-(L+H)

= 4 - (0.256+0.535)

= 4-0.791

= 3.209

6 0

3 years ago

Find the breakeven point, given the following data:

tekilochka [14]

The formula to find profit is

$q \: (p - vc) - fc = \pi$

where, q refers to quantity of output in units, p is the price per unit of output, vc is the variable cost per unit of output, fc is fixed cost and pi is profit. At the breakeven point profit is equals to zero, therefore:

$q(10.5 - 2.5) = 7 0000 \\ q = \frac{70000}{(10.5 - 2.5)} \\ q = 8750 \: units$

When we minus the variable cost from the price, this gives us the "contribution", which refers to the portion of the price of each unit sold that can cover the fixed cost. At the breakeven point, profit is zero because the business sell the amount that is just enough to cover their fixed cost, without making any loss or profit.

Hope this helps!

8 0

4 years ago

A marketing strategy that is focused on a real breakthrough opportunity will usually be successful even if there are obstacles i

Alexeev081 [22]

Answer:

A marketing strategy that is focused on a real breakthrough opportunity will usually be successful even if there are obstacles in getting help from other functional areas in the firm.

B. False

Explanation:

By standard definition, a marketing strategy portrays the overall business entity's game plan for convincing prospective consumers and turning them into value customers. The contents of a marketing strategy include the company's value proposition, key brand messages, data on target customer demographics, and other high-level elements. It is not a parochial strategy that is just focused on a real breakthrough opportunity. As a strategy, it requires company-wide support and must derive from the company's overall strategy. It requires the support of all functions in order to achieve success.

6 0

3 years ago