<h2>In the short run, these workers are <u>variable</u> inputs, and the ovens are <u>Fixed</u> inputs.</h2>
Explanation:
By analyzing the information, we can understand that, Megan can grow slowly and steadily because the constraint here is that, Megan has so many people to work but they are students and he cannot buy more than 2 oven's at present considering his financial background and the size of the kitchen.
So the wise work is that, he keeps changing the number of workers every time but the number of oven to be used every time is only 2.
So workers are variable (changing) and ovens are fixed.
Answer:
$5,566.84
Explanation:
to determine the amount of money that Mary had in her account at the beginning of the year we can use the resent value formula:
present value (PV) = future value (FV) / (1 + interest rate)ⁿ
where:
- FV = $6,248.95
- interest rate = 12.253%
- n = 1
PV = $6,248.95 / (1 + 12.253%) = $6,248.95 / 1.12253 = $5,566.84
Answer: True
Explanation:
A convenient product is the product that is relatively inexpensive item that merits little shopping effort.
A convenient product refers to an inexpensive product which requires a little amount of effort from the consumer to purchase it. Some examples of convenience products include soft drink, bread, coffee.
Therefore, the statement given is true.
Answer:
D. Guaranteed minimum withdrawal benefit
Explanation:
In the case of the guaranteed minimum withdrawal benefit, the benefit is available for fixed annuity and for a variable annuity.
When the market is down, the policyholder can withdraw the maximum percentage of the annuity value unless the amount of initial investment recouped.
Withdrawal amount should be between of five percent to ten percent of the initial investment held.
