Answer:
Compared to a barter economy, using money increases efficiency by reducing: transaction costs. Barter is the: direct exchange of goods and services.
Answer:
A full service store
Explanation:
Juanita's place is a full service store that can handle almost all aspects of occasion dresses (prom dresses to holiday dresses), she also has staffs that helps customers to choose the perfect dress for an event and also the delivery of the dresses.
A full-service store strives to handle all aspects of the customers wants and preferences.
A full- service stores also employs qualified staffs to attend to customers.
In summary, Juanita's place is a full service store because they provide every service a customer might need regarding a dress.
The answer is: A decrease in the profit-maximizing rate of output and a decrease in the firm's profits.
Answer:
Joint venture
Explanation:
A joint venture can be defined as a business arrangement in which two parties come together to achieve a purpose by combining resources of both parties.
A joint venture involves joint ownership of the business.
A joint venture is good because it helps with sharing of liabilities with a partner, access to knowledge, etc.
Cheers
Answer:
Explanation:
Let D be the event that the lost card is a diamond
and D' be the event that the lost card is a non diamond
Therefore,
P(D) = = 0.25
P(D') = = 0.75
Now,
Event that the cards picked up are both diamonds = A
Thus,
P( A | D) = [ As One Diamond Card is lost ]
And,
P(A | D') = [ As One Non-Diamond card is lost ]
Therefore,
P(A) = P(D) × P(A | D) + P(D') × P( A | D')
= 0.25 × + 0.75 ×
=