Answer: D
Explanation:
Behavioral economics studies the impact of cognitive, psychological, cultural, emotional and social factors on individuals economic decisions. Behavioral economics is concerned with the extent of rationality of individuals, firms and governments. The study includes how market choices are made and the components that propel public choices.
Behavioral economics is important because it gives us an idea about how the mind of humans work. The greater the supply of a particular good, the more we use the good, the less we appreciate it. There are oceans of water and we always get water easily but there are fewer diamonds embedded and hidden in rocks which are not cheap and readily available.
Answer:
The closest answer is 49.
Explanation:
Given that,
Annual demand, D = 43,000 units
Ordering cost, O = $200
Per unit cost of the item = $50
Annual holding cost, H = annual holding rate × Per unit cost of the item
= 35% × $50
= $17.5
= 991.39
= 992 units
Therefore,
Number of orders per year = Annual demand ÷ EOQ
= 43,000 ÷ 992
= 43.34
Hence, the closest answer is 49 and this is not given in the question.
Answer:
Virtuous Circle
Explanation:
Virtuous circle occurs when one good events feeds on itself to improve business further. In the question, blue inc. invested in social responsibilities initiative (a good event) which on turn generated profits for the company (improved the business), probably by the event leading them to having more loyal customers.
It is a self propagating advantageous situation in which a successful solution or events leads to more desired results or success. It creates a positive feedback loop, creating goodwill with the customers.
a) Four inequalities
- Variables:
number of adult tickets = a
number of student tickets = s
- An adult ticket costs $15 and a student ticket costs $11<span>
=> sale = 15a +</span><span> 11s
- The auditorium will seat 300 ticket-holders =>
(1) a + s ≤ 300
- The drama club wants to collect at least $3630 from ticket sale =>
(2) 15a + 11 s ≥ 3630
(3) a ≥ 0
(4) s ≥ 0 </span>
Graph
- Draw the s-axis, and highlight the positive part (s ≥ 0)
- Draw the a- axis, and highlight the positive part (a ≥ 0)
- Draw the line <span> a + s = 300 ; use the points (0,300) and (300, 0) which are the extremes of the line
- Shadow the region below the line (a + s ≤ 300)</span>
- Draw the line 15 a + 11 s = 3630; use the points (0, 242) and (330,0) which are the extrems of the line
- Shadow the region above the line (15a + 11s ≥ 3630)
The solution is the region that you shadowed twice: a triangle, located between the two inclined lines, at the left of the shadowed region.
b) List three combination of tickets that satisfy the inequalities
Choose some points that are in the solution region. For example:
1) s = 10, a = 250
2) s = 40, a = 240
3) s = 0, a = 300
Answer:
The answer is "Option d".
Explanation:
The management team consists of the coordination of any resources in the preparation, organization, analysis, and administration of the project to reach specific goals.
- It is how something will be handled, treated intently, monitored, or managed by a company or group.
- Managers work as planners, supervisors, and managers thru the four roles, administrators, which focus on making their staff, processes, projects, and companies more efficient and effective in all fields.
