Answer:
A. reflect changes in the quantity of goods and services produced, their prices, or both
Explanation:
Changes in nominal GDP reflect both changes in quantities and changes in prices.
Answer:
b. Each decision variable must be non-negative in the optimal solution.
Explanation:
This constraint or restriction states that x11, x12, x21, and x22 all must be at least 0 or greater. in other words, they cannot be negative numbers. If the restriction had been > (greater than), then it would mean that all the variables must be positive numbers. But since it is ≥ (greater than or equal to), 0 is a valid option.
Answer: technological environment
Explanation:
With the scenario explained in the question, the business is responding to changes in the technological environment.
Technological environment has to do with the environment that relates to how science and technology has brought Improvement into businesses. This can be seen in the scenario explained in the question.
Answer: 15.68%
Explanation:
Mr. Warner's cost of not taking the cash discount will be calculated as:
= (3%/100% - 3%) × (360/85 - 14)
= (3%/97%) × (360/71)
= 0.0309278 × 5.0704225
= 0.156817
= 15.68%
Mr. Warner's cost of not taking the cash discount is 15.68%
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