Answer:
The correct answer is letter "D": all of the above are true.
Explanation:
Variability in manufacturing represents the differences that arise naturally in every step of the production process. Most firms expect a certain level of variation measured with different methods. If the measure is under acceptable limits, then it is said that the variation is in control.
Answer:
The correct answer is a).
Explanation:
The income elasticity of demand refers to the percentual variation of quantity demanded of a certaing good in response to a percentual variation in income.
If the income elasticity of demand for medical care is 1.35,
<em>a. if income decreases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> TRUE, this is what the definition implies.
<em>b. if the price of medical care increases by 1%, the quantity demanded for medical care decreases by 1.35%. </em>FALSE. In this elasticity, the sign is relevant. This income elasticity implies that changes in income and medical care expenses have the same sign.
<em>c. if the income of the average consumer increases by 1 dollar, the quantity demanded for medical care will increase by 1.35 units of care.</em> FALSE. The elasticity relates percentual variations, not absolute value variations.
<em>d. if income increases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> FALSE. The same as point b.
Answer:
fill that overlooked role
Explanation:
In a scenario such as this one, the most appropriate action would be to fill that overlooked role. During a resuscitation, every second counts and all the members of a team are trained to handle these situations, therefore if a role has been overlooked by the team leader the other members need to fill that role as quickly as possible as long as they are not currently occupied with another role. Doing so will save time and potentially a life.
Answer:
the price adult ticket is $8 and the price of children tickets is $5.
Explanation:
This question can be solved using a simultaneous equation.
Let :
x = price of adult tickets
y = price of children tickets
If 8 adult tickets and 12 student tickets are sold for a total of $124, the first equation would be
8x + 12y = $124
If 16 adult tickets and 23 student tickets are sold for a total of $243, the second equation would be
16x +23y = $243
The two equations are
8x + 12y = 124
16x +23y = 243
To solve, multiply equation 1 by 2 . This gives equation 3
16x + 24y = 248
Now substract equation 3 from 2. This gives y = 5
To find y, substitute 5 with y in equation 1
8 x + 12(5) = 124
8x + 60 = 124
Solve for x
x = 8
Therefore, the price adult ticket is $8 and the price of children tickets is $5.
I hope my answer helps you
The answer is yes.
Its possible for a firm to become too big to be competitive and earn profit. They can be so large and successful that they no longer compete with small businesses anymore and might inhibit the ability to continue earn their profit.
