Answer:
assess the situation, offer solutions, document the conversation, offer solutions, follow up later.
Answer:
a. reduces the use of individual machines and hinders quality control at all stages of the manufacturing process.
Explanation:
<u>Productive efficiency:</u> On a general level, is a state of the economy at which another unit cannot be produced without decreasing the production of another. Thus, the meaning of production efficiency is the use of all the resource available to produce the higher possible output.
When, a company reduce their machine hours per unit, it obtains more efficiency. It can yields more output than previously. Then, if the hinders to quality control are reduced as well, it takes less time to check the outcome thus, also increasing productivity. Repeating this on all stages of the manufacturiing process achieve the most production efficiency for the firm.
Answer: B and A
Explanation: Economic growth is the increase in the productive capacity of the economy. There will be a decrease in economic growth if more capital per hour is used as a result of the diminishing returns to capital.
Some economies maintain high growth rates despite diminishing returns to capital through the use of enhanced or better technology, coupled with accumulating capital. There are growth in such economies because unlike capital, technology is subject to increasing returns.
Answer:
Explanation:
f(x) = (1/(15,000-10,000))/0 (elsewhere) = 1/5000
a. What is the probability that a $12,000 bid will be accepted?
P(10,000 < x < 12,000) = 2000(1/5000) = 0.40
b. What is the probability that a $14,000 bid will be accepted?
P(10,000 < x < 14,000) = 4000(1/5000) = 0.80
c. What amount should you bid to maximize the probability that you get the property?
$14,000 is my answer.
$14000 bid has a higher probability, hence a greater chance of being accepted