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Alex17521 [72]
3 years ago
6

What is the role of the three questions of economics?

Business
2 answers:
expeople1 [14]3 years ago
5 0
The role of three question of economics is to act as the basic principle of production decision making. "What to produce", "How to produce", and "For whom it should be produced" are the three basic questions of economics. We have to consider the type of product, the method of producing it, and the consumer when making a production decision<span>.</span>
I am Lyosha [343]3 years ago
5 0

on e 2020 its b. to aid in production decisions

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Irina18 [472]

The bundle that is going to maximize profit is going to be Late

<h3>How to find the bundle that would maximize profit</h3>

we have the net profit from early to be 7 + 5 = 12

We have the net profit from late to 6 + 10 = 16

We can see that the value for late is greater at 16 compared to that of the early.

Hence we can say that late has the greatest profit.

Next we have to solve for the profit that is made. This is the net profit.

The solution is given as 16 - 12 = 4

<h3>What is profit maximization</h3>

This is the process where by businesses would try to get the best output possible from the given inputs that they would use in the business. It goal is to be able to maximize the returns that they would make.

Read more on profit maximization here:

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2 years ago
A single server model with infinite calling population, first-come, first-served queue discipline, Poisson arrival rate and expo
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Answer:

3.5 customers

Explanation:

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3 0
3 years ago
Customers must see value in a product or service before they are willing to exchange time or money to obtain it, but not all cus
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Answer:

A demand curve

Explanation:

6 0
2 years ago
44. A barrier to entry is
Andreyy89

Answer:

the answer is E hope that helps you

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Answer: an online bill payment

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I’m doing apex and it shows that the correct answer is an online bill payment

3 0
4 years ago
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