Answer:
b. $200
Explanation:
The computation of the individual performance is shown below:
= Total sales ÷ number of shift hours
= $1,200 ÷ 6 hours
= $200
It means that per hour, the individual performance is $200
We simply divide the total sales by the number of shift hours, so that the sales per hour can determined
It shows a relationship between the total sales and the number of shift hours
Answer:
108,280.22
Explanation:
Certainty equivalent is solved by taking the inverse utility function from the expected utility of a random wealth variable
U(x) = x^1/4
U^-1(x) = x^4
U^-1(x) === x^4
CE(x) = x^4
Salary Bonus Total income U(x)= x^(1/4) P(x) U(x)*P(x)
80000 0 80000 16.82 1/7 2.4
80000 10000 90000 17.32 1/7 2.47
80000 20000 100000 17.78 1/7 2.54
80000 30000 110000 18.21 1/7 2.6
80000 40000 120000 18.61 1/7 2.66
80000 50000 130000 18.99 1/7 2.71
80000 60000 140000 19.34 1/7 <u>2.76</u>
Sum <u>18.14</u>
CE(x) = 18.14^4
CE(x) = 108280.22
So therefore, the certainty equivalent of this job offer is 108,280.22
Answer:
First Financial would divide the $10,500 loan by the present value of annuity due of 1.
The correct answer is C
Explanation:
Present value of annuity formula is used for determining the amount of loan payment. Since the payments will be made at the beginning of each month, we will apply the formula for present value of annuity due. In order to determine the amount of monthly payment, we will divide the principal by the present value of annuity due of 1.
Answer:
The answer is B
Explanation:
When nobody wants the product, the product builds up until there is so much the product becomes cheaper. This is because the product is not scarce anymore.
Answer:
4,838,400
Explanation:
Assume there are already Two sets of machine working.
In the first set, there is 5 machine Operates and in another set, There are 8 machines (13-5) operates.
So Total Production sequence = First sets all combinations x Second sets all combination
= 5! x 8!
= ( 5 x 4 x 3 x 2 x 1 ) x ( 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 )
= 120 x 40,320
= 4,838,400
So , total number of machine combination is 4,838,400.
