Answer:
The best alternative is to use Basic Fastener.
Explanation:
The aircraft company has 2 alternatives. The first alternative is super light which has repair cost of $165k when the probability is considered. There are three possible situations where repair cost can be high, moderate or low. The repair cost calculation with probability is as follows:
300,000 * 0.3 + 120,000 * 0.5 + 75,000 * 0.2 = $165,000
The repair cost for Basic faster is $125,000.
It is suitable for the company to use basic fastener as it has proven records of performance and also its repair cost is lower than Super fastener.
Answer: $2.50
Explanation:
We all know that national defense is a non excludable and no rival good which means that one person cannot exclude others from consuming it and the consumption level of national defense remains the same for all the citizens, it will not be reduced from the consumption of one individual.
It was given that each person values every dollar that is contributed towards national defense is at %0.25.
Therefore, if Bob contributes $10 to the national defense fund then his personal valuation of the increase in the fund is only (0.25 × 10)= $2.50.
There are a lot of ways to deal with an indecisive co-worker.
But for me here are some important tips that might be very helpful to make them not to be indecisive.
First - boost their confidence, let them do the talking sometimes
Second - Not to be available most of the time, make them do the last say.
Third - Appreciate them in every little achievements they make.
October 1, 2014 - September 30, 2015
