Answer:
1) Outside Location
2) Central Location
The profit will be the same when monthly demand is 230 cars
Explanation:
Let central location be termed as location A
Let outside location be termed as location B
<u>1. Demand 200 cars</u>
Profit- Location A = (90-30) * 200 - 7000 = $5000
Profit- Location B = (90-40) * 200 - 4700 =$5300
<u>2. Demand 300 cars</u>
Profit- Location A = (90-30) * 300 - 7000 = $11000
Let x be the number of cars where profit is same,
we will equate both the profit equations
(90-30)*x - 7000 = (90-40)*x - 4700
60x - 7000 = 50x - 4700
60x - 50x = 7000 -4700
10x = 2300
x = 2300/10
x = 230 cars
Profit- Location B = (90-40) * 300 - 4700 =$10300
Success rate is when at rate is bigger than the other
Answer:
There are at least 2 opportunity costs associated with of letting your colleague have another month:
- if you invested in the oil-well venture, you could have earned $5,100 x 36% = $1,836 in one year
- if you invested in the new IT stock, you could have earned $5,100 x 48% = $2,448 in one year
You could invest in one of these options, or divide your money and invest in both options, e.g. invest $2,000 in the oil company and $3,000 in the IT company. Each different investment proportion results in a different opportunity cost.
Explanation:
Opportunity costs are the benefits lost or extra costs associated to carrying out an investment or activity instead of another alternative. Sometimes you might have several opportunity costs for one investment, e.g. invest in the IT company which is risky, invest in corporate bonds which is less risky or invest in US securities which is a safe investment.
Answer: improves efficiency for Taylor at work
Explanation:
Taylor's ability to manage all his files and folders logically helps him to be efficient in his work place. He is able to track every event, plan his day and knows what to do when either things are going well or not, and how to follow every detail of his business.
