Answer: c. The project contains simple activity sequences
Explanation:
Gantt chart is a firm of bar chart that depicts a project schedule as it helps in the scheduling of a particular project.
Gantt chart is a graphical tool that helps in showing the activities that are performed against time to the project team or project manager. Gantt charts are effective for project scheduling if such project contains simple activity sequences.
Answer:
Endowment effect
Explanation:
Endowment effect also referred to as divestiture aversion occurs where individual places or ascribes much higher value than market value on product they already have. where endowment effect is at play the owner of an asset will refuse to sell the asset owned at a the market price higher than the initial cost. and even not ready to buy same item at the market price when offered.
This surprising behavioural pattern was discovered by a psychologist Richard Thaler in the 1970s
Answer: Individual demand refers to the demand for a good or a service by an individual (or a household). Individual demand comes from the interaction of an individual's desires. Where as an aggregate demand is an economic measurement of the total amount of demand for all finished goods and services produced in an economy. Aggregate demand is expressed as the total amount of money exchanged for those goods and services at a specific price level and point in time.
Explanation:
Answer:
A. Effective cost is $2000 for tappan, $2050 for hill
B. $1998.75
Explanation:
For tappan
Total tons purchased = 4000
Plastic discarded = 100
Percentage of discarded = 100/4000 x 100 = 2.5%
Percentage of accepted( not discarded) = 100 - 2.5% = 97.5%
Bid price = $1950
Effective cost of Tappan = 1950/97.5% = 1950/0.975 = <u>$2000</u>
For Hill
Total tons purchased = 6500
Plastic discarded = 520
% discarded = 520/6500*100 = 8%
% accepted = 100%-8% = 92%
Bid price = $1886
Effective cost for Hill = 1886/92% = <u>$2050</u>
2. Bid of Tappan/97.5% = $2050
We cross multiply
Bid of Tappan = 2050 x 0.975
= <u>$1998.75</u>
This bid by Tappan would make kinnear indifferent between buying from both
i also solve this in a table format as seen in the atttachment
