In the game of economics, workers play a double role, functioning as both consumers and producers. The workers role is unique in the game of economics since they are directly involved. They are the ones who will manufacture, market, sell the products in an economy.
Answer:
Profit Function = (300 x king size bed) + (150 x queen size bed)
Explanation:
Objective Function is the function which needs to be optimised , i.e maximised or minimised. The function shows the objective variable as a dependent variable, determined by independent / explanatory variable(s).
Given Case : The manager would tend to maximise profit function.
Total Profit = Per unit profit x quantity
So, Profit Function: by per unit profit & sale quantities :
= (300 x king size bed) + (150 x queen size bed)
This profit objective function would be maximised, to find the profit maximising sale quantities of king & queen size beds.
Space, Budget would be the constraints to this optimisation.
Answer: I don’t know the year you were born
To function as money, something must hold its purchasing power over time. That is, it must be a Answer - (A.) Store of value. Explanation - The one of the main function of money
Answer:
Explanation:
35% of $64,000 is $22,400
Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920
