Answer: 65
Explanation:
10 or <65
(430-11)/8 =52.375, 11-1 =10+52.375 =62.375-->65
Answer: 87.5%
Explanation:
Value of a Customer = Margin * Retention rate / (1 + Annual discount rate - Retention rate)
We shall assume a margin of 1 so no need to include it:
= 75% / ( 1 + 5% - 75%)
= 2.5
This value needs to double so assume the retention rate to double this is x and use the formula above to find it:
5 = x / (1 + 5% - x)
5 * (1 + 5% - x) = x
5 + 0.25 - 5x = x
5.25 = 5x+ x
6x = 5.25
x = 5.25 / 6
x = 87.5%
Answer:
B. To create jobs
Explanation:
In order to operate their business entrepreneurs need to hire a group of people with different skill set, leading to the creation of jobs.
-<u> To preserve natural resources</u>
This option is wrong because the Government take the majority of the role in natural resources preservation. They do this by creating laws and regulation to prevent the exploitation of these natural resources.
<u>- To take big risks</u>
This option is wrong because You don't have to be an entrepreneur to take a big risk. A boxer who decided to fist fights with other boxer take a big risk of having a brain damage.
<u>- To generate wealth</u>
This option is wrong because Generating wealth can be done by any other career beside entrepreneur. You can get rich by being an artist, an athlete, a Doctor, etc.
The monopoly is maximizing its profit but still should decrease output to earn even more profit. A market structure characterized by a single seller selling a market-exclusive product. The seller has no competition in a monopoly market because he is the sole seller of goods with no close substitute.
The Monopoly occurs when one market is the sole provider of phone service in a given area. A cat is the only pet that can be aloof, which is an example of monopoly. A monopoly is a phone company that is the only provider of phone service in a given area.
To learn more about Monopoly, click here.
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