Answer:
For b = 16 and h = 2, Miss Quested will get the maximum utility
Explanation:
Total income = $24
Price of bread = $1 per unit
Price of housing = $4 per unit
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Constraint on Income: b + 4*h = 24
Maximizing U(b,h) = 2*(b)^(0.5) + h = 2*b^0.5 + (6 - b/4)
To calculate maximum utility, we solve for b for which
1. derivate of function = 0
2. double derivate = negative (< 0)
Step 1: Derivate = 0 => d(U)/db = 2*(1/2)*b^(-0.5) - 1/4 = 0
=> 1/b = (-1/4)^2 = 1/16
Step 2: Double Derivate < 0 => d2(U)/db^2 = (-0.5)*b^(-1.5) = Negative !
Answer:
The correct answers are "Logical, Operational"
Explanation:
A data warehouse is a logical collection of information, gathered from many different operational databases, that supports business analysis activities and decision-making tasks. Sometimes, called as an enterprise data warehouse (EDW) is used for producing analytical statements for workers throughout the company
Answer:
A) Specific Identification usually parallels actual physical flow of merchandise because in this method inventory is calculated by a detailed physical count.
B) Weighted average cost is the inventory method in which cost of goods available for sale is divided by total units available for sale to determine a unit cost.
C) LIFO(Last in First out) method assumes that the latest units purchased are the first to be sold
Explanation:
