Answer:
The correct answer is Three.
Explanation:
Opportunity cost is defined as what it costs us to decide on a decision and what it costs us to carry it out. In this case Esther produces 6 hamburgers per hour and Ebenezer 3; if it were decided to choose the latter, they would stop producing 3 hamburgers since Esther produces double. This would be the opportunity cost.
Answer:
<u>You started with selling delicate, antique-looking jewelry across all international markets, with the same theme of "Looking Your Feminine Best.</u>
Explanation:
This alternative does not represent a form of marketing adaptation, as seen in the following strategies adopted for some countries. This can be explained because the main concept of the marketing strategy developed to sell delicate and old-fashioned jewelry in all international markets, contains a central message, which is "Looking for the best for women". The other messages are adapted to attract women from other countries with different values and culture, so there was an adaptation in the developed slogan, but this still encompasses the central message proposed by the company, all messages reflect the search for the best for women.
Answer:
True.
Explanation:
A radical innovation also known as the disruptive innovation is an innovative approach aimed at destroying or supplanting old business strategies and models with an invention to breakthrough and change the whole industries by creating new products.
Hence, an innovation and enterprise can help to develop new and niche markets as the business would be starting afresh and offering new products and services to meet the unending needs or requirements of its customers.
Answer:
b) The third unit should be produced
Explanation:
Consumer surplus arises wherein the price consumer actually pays is lesser than the price consumer was willing to pay.
Marginal cost refers to the additional cost incurred when an extra unit is produced.
Marginal revenue refers to the addition to total revenue when an additional unit of a good is produced.
As per marginal analysis, a producer would continue producing till the point wherein the marginal cost of production is equal to the marginal revenue derived.
In the given case, the two members are willing to pay $10 and $8 for the third unit of public good. The marginal cost for third unit being $17. While the marginal revenue derived being $18 ($10 + $8)
Since, the marginal revenue derived would be greater than marginal cost, the third unit should be produced.
Explanation:
To find the probability that the sample which fails to meet the required weight or the standard weight of the marshmallows having banana flavor if the process of production is working, such that probability for the weekly sample leads to shutdown of the production if the process of the production is running properly of 1 % of the probability that at least five boxes out of the twenty five sample fails to meet the standard weight which is less than one percent that is 
We know that for p = 0.8, 
Now using binomial simulation, we can determine that
for p = 0.0452
So the production process is to be redesigned for reducing the percentage of boxes of the Go Bananas of 16 ounces which failed to meet the required weight of the marshmallows having banana flavor if the production process is working properly to 5.42 percent.