Answer:
June forecast = 680
Explanation:
Since we are required to use two period weighted moving average, the forecast for June can be calculated using the following formula:
June forecast = (April figure * Weight for April) + (May figure * Weight for May) ....... (1)
Where;
April figure = 500
Weight for April = 0.4
May figure = 800
Weight for May = 0.6
Substituting the values into equation (1), we have:
June forecast = (500 * 0.4) + (800 * 0.6) = 200 + 480 = 680
Answer: Rationalization
Explanation:
In discipline such as logic and psychology, rationalization which is also referred to as making excuses as defense mechanism under which they tend to explain their controversial feelings and behaviors. They tend to justify and explain them in a way which is considered to be seemingly logical or rational. This is done in order to avoid true description and explanation and thus are made into consciously tolerable or admirable by the plausible means.
Answer:
The correct answer is option A.
Explanation:
A perfectly competitive market has large number of sellers producing homogenous products. As a result, no single firm is able to affect the price level. So all the firms have their individual demand curves as a horizontal line at the price level.
This demand curve also represents marginal revenue. The firm is able to maximize profit when the price and marginal revenue is equal to the marginal cost.
Here, the revenue earned from the last unit of product is equal to the cot incurred in producing the last unit.
Answer: While not usual they can be held responsible for all business debts.
Explanation: If you pledge a asset as a collateral a creditor may be able to take said asset and sell it.
Answer:
The correct answer is option C.
Explanation:
The opportunity cost of any economic decision is the cost of giving up its alternative. We are aware that we have limited resources with alternative uses and we have to use these resources to satisfy alternative needs and wants. In order to increase spending resources on one thing, we need to decrease spending on its alternative.
Here, the parking spot on the driveway can be used for personal use or can be used for renting. The opportunity cost of using the spot for personal parking is the money that could have been earned by renting it to others.
