Answer:
Rank
1. Customer Focus
2. Executive Intelligence
3. Passion
4. Tenacity
Customer focus is the #1 rank because an entrepreneur is a person who seizes an opportunity in the market, with the goal of provide goods or services to a customer, and obtain economic benefits.
From this reasoning, we can conclude that the success of an entrepreneur depends on satisfying the needs of the customer.
If customers are unsatisfied, they will not seek the entrepreneur's goods or services, and the entreprenuer will fail no matter how much passion, intelligence, or tenacity is put in the work.
the answer on e2020 is true
Answer:
Martha can produce 70 quilts or 140 batches of chocolate chip cookies:
Opportunity cost of producing a quilt = (140 ÷ 70)
= 2 batches of chocolate chip cookies
Opportunity cost of producing a batch of chocolate chip cookie = (70 ÷ 140)
= 0.5 quilts
Jane can produce 8 quilts or 24 batches of chocolate chip cookies:
Opportunity cost of producing a quilt = (24 ÷ 8)
= 3 batches of chocolate chip cookies
Opportunity cost of producing a batch of chocolate chip cookie = (8 ÷ 24)
= 0.33 quilts
Therefore, the comparative advantage is as follows:
Martha has a comparative advantage in producing quilt because it has a lower opportunity cost of producing quilt than Jane.
Jane has a comparative advantage in producing chocolate chip cookies because it has a lower opportunity cost of producing chocolate chip cookies than Martha.
Absolute advantage:
Martha has an absolute advantage in producing both the commodities because she can produce more amount of both the goods from the same level of resources as compared to Jane.
I would say that it would be the <u>rate of return</u> but i might be wrong
Answer:
The change in money supply amounts to $7,084,248
Explanation:
Computing the change in money supply as:
Using the multiplier as:
Multiplier = 1 / Required reserve ratio
where
Required reserve ratio is 0.220
So,
Multiplier = 1 / 0.220
Multiplier = 4.54
So, the new money supply would be:
= Multiplier × Old money supply
where
old money supply is $2,001,200
Multiplier is 4.54
So,
= 4.54 × $2,001,200
= $9,085,448
Therefore, change in money supply is:
Change in money supply = $ 9,085,4448 - $2,001,200
Change in money supply = $7,084,248
