Answer: In accordance with the neoclassical economics, the monetary value of a commodity or service is considered as the price of the commodity in an open market. This value is generally determined by the forces of demand and supply , i.e the demand for the commodity relative to supply. Several neoclassical economist evaluate the value of a product or service with the price, irrespective of the market being competitive.
Answer:
d) Outside factors that we cannot predict or control often impact the forecast.
Explanation:
Company or organization forecasting is a method or technique to predict the company's future. It is the technique to predict or estimate the future aspects of the company's business or may be other operations. Planning and predicting for the company for the future is a critical thing. Many factors influence the forecasting of an organization but the some outside factors make it difficult to predict the company's forecast.
Hence the correct option is (d).
Answer:
payback period is 9.4785 ≅ 9.5 years
Explanation:
BTU stands for British thermal units and MCF stands for the volume of 1,000 cubic feet.
We know that one thousand cubic feet (Mcf) of natural gas equals 1.037 million Btu.
Difference between heat loss before and after installation = (42-28) millions BTU = 14 millions BTU
14 million BTU is equivalent to --
1.037 million BTU = 1 MCF
1 million BTU = (1/1.037) MCF
14 million BTU = (1/1.037) x 14 MCF = 13.5004 MCF
Cost of 13.5004 MCF = = $8.94 x 13.5004 = $120.6935
Pay back period = (1144/120.6935) = 9.4785
Therefore, her payback period is 9.4785 ≅ 9.5 years
Answer:
B
Explanation:
the land in greece was very mountainous, making it unsuitable to farm on
