Answer:
The process of making this decision By the CLASSICAL MODEL of decision making
Explanation:
The classical general equilibrium model was developed in the 18th century within the neoclassical economics and it is related to classical economics.
The classical general equilibrium model aims to describe the economy by taking an aggregate of the behavior of individuals and firms.
Decision taken using this Method is usually based on what the eyes are seeing. Facts.
From the text, Ola buys new bikinis weekly based on the designs the customers are buying more. He decides on what to buy for the new week by looking at the designs that his customers went for the previous week. This is a clear case of Classical model of Decision making.
Answer:
Total Fixed Assets = 20 million
Explanation:
Total liabilities and equity = $65 million
Current liabilities = $10 million
Inventory = $15 million
Quick ratio = 3 times.
As we know
Total liabilities and equity = Total Assets
65 Million = Total Fixed Assets + Total Current Assets
65 Million = Total Fixed Assets + 45 million
Total Fixed Assets = 65 million - 45 million
Total Fixed Assets = 20 million
Quick Ratio = ( Total Current Assets - Inventory ) / Total Current Liabilities
3 = ( Total Current Assets - 15 million ) / $10 Million
3 x $10 Million = Total Current Assets - 15 million
30 million = Total Current Assets - 15 million
30 million + 15 million = Total Current Assets
Total Current Assets = 45 Million
Answer:
Cost of 1 hamburger and 1 shake is $1.89
Explanation:
Assume:
Cost of hamburgers = h
Cost of milkshakes = m
For Jack
2h + 3m = $4.21.......Eq1
For Jill
3h + 2m = $5.24.........Eq2
Eq1 + Eq2
5h + 5m = 9.45
divide by 5
h + m = $1.89
So,
Cost of 1 hamburger and 1 shake is $1.89
Answer: "statuses" .
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Brainstorm
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