When firms maximize their profits, society's output will also be maximized is the concept of the 'invisible hand.' This was first introduced by Adam Smith in the mid 1700's.
Answer:
A. The two sided specification process capability index is 1.47
Explanation:
The formula for calculating process capability index is :
( Upper specification Limit - Average of mean ) / 3 * Standard Deviation
CI = ( 22 - 19.8 ) / 3 * 0.5
CI = 1.47 approximately.
Answer:
A. It potentially results in better products for the customer.
Explanation:
When components for the production of a good are imported from other continent, such could potentially results in better products for the customer because most often than not, the exporting country has superior knowledge base in terms of manufacturing these component parts which can be utilized by the importing country.
Moreover, companies import components for various reasons; either to reduce or save cost or they found superior materials somewhere else . Where they found superior materials in in other continent, then the chances of making good or better product is high because of these superior components.
Also, one of the gains in globalization is that one can source for materials or components in other continent for products that can be made locally with high quality and value.
Answer:
Plese see explanation
Explanation:
1. Net present value of project X
Year Cash flow Present value at 16%
0 (25,000) (25,000)
1-6 8,000 29,477.89
Net present value= $4,477.89
2. Net present value of project Y
Year Cash flow Present value at 16%
0 (25,000) (25,000)
6 60,000 24,626.54
Net present value= ($373.46)
3. I will recommend Labeau Products, Ltd to invest in project X instead of project Y because the net present value of project X is positive and project x will increase the wealth of shareholders of the Labeau Products, Ltd by $4,477.89
Answer: B. $900; $1000
Explanation: This would be the answer because you are spending more than you can afford to pay, and are likely being the victim of predatory lending.