Answer:
Allocate existing resources more efficiently among competing uses.
Explanation:
The main goal of resource development is to find ways that allocate resources more efificiently, to spread the available resources in a way that maximizes economic and social benefit taking into account the different competing uses.
Resource development does not necessarily promote central planning because it can make use of market strategies to achieve its goal, and it cannot increase the amount of resources available as well, because these are determined by the natural endownment that each area has.
Answer:
Note: The full question is attached as picture below
a. Let X is denoted as company’s monthly demand, P(X=x) is denoted as the probability of the company’s monthly demand.
The expected value is obtained below:
E(X) = (300*0.20) + (400*0.30) + (500*0.35) + (600*0.15)
E(X) = 60+120+175+90
E(X) = 445
b. The expected value of the monthly demand is 445. The each unit demands the revenue to generate is $70 and their cost is $50.
The gain/loss of the company = (300*(70−50)) - (145*50)
The gain/loss of the company = (300*20) - (145*50)
The gain/loss of the company = 6,000 - 7,250
The gain/loss of the company =−$1,250(Loss)
Answer:
Third-degree price discrimination.
Explanation:
Third-degree price discrimination is when a seller charges different prices to different groups of people. This price discrimination can be based on age , occupation, sex eye
First degree price discrimination is when a sellers charges different prices to consumers based on their willingness to pay. This type of discrimination aims to eliminate consumer surplus.
Second degree price discrimination is when a sellers gives discounts for different quantities purchased. E.g. bulk purchases.
I hope my answer helps you
Answer:
I believe the APY would be $520 for the rounded version and $520.20 for the not rounded
(not completely certain since i didnt fully understand)
Explanation:
using the formula for calculating compounding semi annualy
A = P(1 + r)t
A= 500(1+0.02)2 (i put 2 instead of one year because its semi annually so twice)
A= 500(1.02)2
A= 500x1.04=$520(rounded)
A=500x1.0404= $520.20(not rounded)
Please correct me if I understood your question wrong
