Answer:
Given these facts, which state would you expect the price of prostitution services to be higher? Why?
- Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.
Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?
- Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.
Answer:
C. 12
Explanation:
As the expected number of new claims filed per day is 2.4 and the office is open 5 days per week, to be able to find the expected number of new claims filed per week, you have to multiply the expected number of claims per day for the number of days that the office is open in a week:
Expected number of new claims filed per week= 2.4*5= 12
According to this, the answer is that the expected number of new claims filed per week at this office is 12.
<u>Answer:
</u>
Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing capacity allocation:
<u>Explanation:
</u>
- For the work that is upcoming, team backlog prioritization has nothing to do as it is done when there is a need to finish the pending work before the next work is allotted.
- By performing capacity allocation, the right personnel and resources can be implemented for the right work well before the work is handed over.
Answer:
It is a disadvantage to continue processing QI. The lost on profit is= $5500
Explanation:
Product QI has been allocated $18,300 of the total joint costs of $39,000.
A total of 2,500 units of product QI are produced.
Product QI can be sold at the split-off point for $14 per unit.
It can be processed further for an additional total cost of $10,500 and then sold for $16 per unit.
<u>Split-off point:</u>
Sales= 2500q*$14=$35000
Total cost=$18300
Profit=$16700
<u>Post-split-off:</u>
Sales=2500*16=$40000
Cost previous split-off=$18300
Added cost= $10500
Profit=$11200
Comparing profits (16700>11200) it is not beneficial to continue processing QI products.
Answer:
The expected users characteristics
Explanation:
The liability suit is the term which is used in law and it is defined as the claim for the damages grounded on the claim of the plaintiff of the defendant liability.
Under this case, the company is involved in making the connectors as well as cords for the devices, but the customer files a liability suit for the product against the company So, in deciding that whether to hold the company liable, the court might consider the characteristics of the expected users.