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2 years ago

10

At an auction, Ben bids on a 1957 Chevy coupe, believing that it is worth more than the price asked. When the car proves to need

more repairs than Ben estimated, and thus is worth less as is, Ben is:

1 answer:

Rainbow [258]2 years ago

4 0

Answer: still liable on the bid

Explanation:

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You are going into business with 4 equal partners (not counting yourself). If in 6 years, the business is making a profit of $1,

GarryVolchara [31]

I think ty best answer would be b.

3 0

3 years ago

) There is a hotel which has 50 rooms. When the rate is $180/night, all rooms will be booked up. There will be one more room ava

Rzqust [24]

Answer:

The best rate for the hotel for profit maximization is = 340 $/room

Explanation:

Given that

A hotel room has = 50 rooms

The rate per night = $180

More room are available when the rate is increased by = $10

A maintenance fee of =$20

Now

We find the best rate for the hotel in order to have for profit

Thus,

When no rate increase is found we have the following,

Cost = ( 180 $/room * 50) = $ 9000

Thus,

When there is a rate increase for a room, we have the following

10x $/ room

The new cost becomes = (180 + 10x) $/room * (50 - x)

which is = 9000 = 500x - 180 x - 10x²

= 9000 + 320 x - 10x²

To get the new profit, we have the following :

Thus,

Profit = (New cost) - (cost)

Profit = (9000 + 320 x - 10x²) - (9000)

= 320x - 10x²

By applying maximization

dp/dx = 0 = 320 -10 * 2x = 0

So,

x = 16

Therefore,the best rate for the hotel for profit maximization is = (180 + 10 * 16)

=340 $/room

5 0

3 years ago

Which of the following refers to the process of collecting, analyzing, and interpreting data about customers, competitors, and

yKpoI14uk [10]

Answer:

d. Market research

Explanation:

Market research -

It is one of the important step for the organisation ,

In this process , the information and data is collected , analysed and interpreted with respect to the customers reviews or feedback .

This step helps to enhance the production , sale and marketing of the goods and services the company produces , which in turn increases the profit earned by the company .

Hence , from the given information of the question ,

The correct option is d. Market research .

3 0

3 years ago

Indicate whether the scenarios would result in an increase, a decrease, or no change in the long-run aggregate supply (LRAS) cur

baherus [9]

Answer:

The mandatory retirement age is abolished.

This will result in an <em>Increase in the long-run aggregate supply</em> (LRAS) curve because it means that companies in the economy now have a larger workforce to choose from. This will reduce the cost of labor and lead to more goods being supplied.

The economy's main export is candy. Candy from this country increases in popularity around the world.

<em>No effect on long-run aggregate supply </em>(LRAS) curve because this deals with demand.

Since candy has become an international sensation, factories double the number of candy-making machines.

Factories are now producing more candy due to having more candy-making machines. This will result in an <em>Increase in the long-run aggregate supply (LRAS) curve. </em>

The top candy companies choose to relocate their means of production to other countries around the world.

The companies are still supplying candy to the world, however they are doing it from other countries. This supply coming from the hypothetical economy will therefore reduce. This will result in a <em>Decrease in the long-run aggregate supply (LRAS) curve. </em>

8 0

2 years ago

"At High Flyer Airlines, managers rate their subordinates on a continuum from 1 to 7. A score of 1 indicates unsatisfactory perf

Vladimir [108]

Answer:

<h2>The answer,in this case would be <u>Graphic Rating Scale or Likert Scale</u>.</h2>

Explanation:

In a statistical research study,rating scale or likert scale is used indicate the intensity of magnitude of any variable or phenomenon related to the concerned research topic.
Rating scale or likert scale is commonly used in statistical research methods such as surveys or questionnaire where various options are presented to the respondents or participants and a corresponding numerical value associated with each response options.
The response options are scaled or ranked numerically according to the intensity or magnitude of the variable or the phenomenon which is included in the survey or questionnaire question.
In this instance,the subordinate performance has been scaled or ranked on a rating or likert scale from 1 to 7 which represent the numerical values associated with each rank or scale.

3 0

3 years ago