Answer:
C. A situation where no economic agent would benefit by changing his or her behavior
Explanation:
An economic equilibrium is when the agents are optimizing their decisions and opposing market forces are equal. This point allows the economic agents to maximize their utility and any change from this point will cause all agents to move away from potential maximum benefits.
In a natural equilibrium there is usually no government intervention so option A is false. Option B gives only one agent potential benefits and as such there is no equilibrium. Option D is conditional and may or may not happen as when the agents find missing information they would optimize again and move to an equilibrium.
Hope that helps.
Answer:
Wholesale banking refers to banking services sold to large clients, such as other banks, other financial institutions, government agencies, large corporations, and real estate developers. It is the opposite of retail banking, which focuses on individual clients and small businesses. Wholesale banking services include currency conversion, working capital financing, large trade transactions, mergers and acquisitions, consultancy, and underwriting, among other services
Answer:
Best reorder size = 216
Reorder point = 35
Explanation:
Required:
Using the above information, find the best order size and the reorder point.
To find the best order size, EOQ, use the formula:
Best reorder size is 216 mufflers
To find the reorder point, use the formula:
R = d' L + z 
Where d' = average daily demand
L = lead time in days
z = number of standard deviation from a specified probability
= standard deviation of usage in lead time
Daily demand, d'= 
12 mufflers
Since lead time is 2 working days, standard deviation of lead time 
Therefore,
R = d' L + z
= (12 * 2) + (1.28 * 8.48)
= 24 + 10.9
= 34.9
Approximately 35
Reorder point is = 35 mufflers
Answer:
Fortress
Explanation:
A fortress brand as seen in the statement above can be defined as a brand that is a part of an individual's ritual and are unlikely to be replaced.
This means that the love or affinity fro a certain brand in day to day lives if individuals, makes the brand the go-to brand at any time because it has become a part of the individual's life.
Cheers.
This is the result of the process:
Agency is terminated by fulfillment
Explanation:
The process that the person is hired for has been completed as they are a broker agent and their work is to make the purchase of the office building possible.
Until the building was to be purchased they had an amount of agency about them but this is not valid as soon as the work is terminated or completed.
So here, the agency is terminated by the fulfillment of the work that was assigned to the broker.
There is no work in the deal remaining to be done so the agency is taken away by default.
