Answer:
- <u><em>4,099 units or more</em></u>
Explanation:
The cumulative distribution of a random variable X that follows a normal distribution is given by the area undear the "bell curve" and the values are given by the corresponding table for the standard normal distribution.
The standardized value of the variable X is called Z and is calculated with the formula:
Where:
You read the Z-value for which the probability is greater than or equal to 5% in the table for the values of the area to the right of Z. Using probability = area under the curve ≥ 5%, the Z-value is 1.645 (interpolating between p = 0.0495, Z = 1.64 and p = 0.0505, Z = 1.65).
Substituting in the formula for Z:
- X= 60 × 1.645 + 4,000 = 4,098.7 ≈ 4,099
Hence, the bonus will be paid on 4,099 units or more.
Answer:
$4500
Explanation:
The Economic profit is the difference between the total revenue and the explicit and implicit cost.
Hence,
Economic profit = (Total revenue - explicit cost - implicit cost)
Explicit cost =$13500
Total revenue = $18,000
Since, implicit cost isn't given, implicit cost will be taken as zero
Hence,
Economic profit = ($18,000 - $13,500)
Economic profit = $4,500
Answer:
14.83%
Explanation:
Laura budgets $54 each month for annual expenses. She nets $1820 semimonthly.What percent of her net monthly income does she budget for annual expenses?
$1820 semimonthly = 1820 x 2 monthly = $3,640
Annual expenses budget = $54
Percentage of her net monthly income budgeted for annual expenses = (54 / 3, 640) x 100 = 14.83%
The pricing strategy that companies mostly use for luxury products is "Premium pricing".
Explanation:
- Premium pricing is a type of pricing strategy by which a high rate is fixed for a high quality product produced by that company.
- Premium pricing is also known as Prestige pricing.
- Rate and cost of most of the luxury and high quality product produced by a company will always tend to be higher in order to make sure that the company doesn't face any loss, On the other hand premium pricing is the key strategy for producing higher profit for a company.
- On the other it increases the brand value of that company and make them look significant based on their quality of product produced.
Answer:
In general, the production and use of capital <u>ENHANCES</u> the productivity of labor and normally <u>DRIVES UP</u> wages.
Explanation:
capital refers to tools, machinery or equipment used in the production of goods or services. They all help to increase the productivity of workers. As the productivity increases, so do salaries (generally speaking). For example, a person that paints using a common brush will paint 10 yards per hour, while someone that uses a painting machine will paint 50 yards per hour. Since using a painting machine yields a much higher return, but also requires additional knowledge, the worker is paid a higher wage.