Answer:
$10
Explanation:
Steve achieved a producer surplus of $10, which is commensurate with the value of the 6-pack of beer he received from his neighbor. This means he practically sold the old surfboard for $10.
<span>When you are modeling economic booms and busts, the biggest difference between modeling economic busts and booms is that there is basically no issue of very rigid nominal wages when one is modeling these different types of booms.</span>
Answer:
Comparing plan against actual
Explanation:
The process of project monitoring system formation involves determining: type data to collect, how, when, and who will collect the data, how to analyze the data and how to report current progress to management.
Control in project control is the process of comparing the real value or performance against plan to identify deviations, evaluate possible alternative courses of actions e.t.c.
Project control steps for measuring and evaluating project performance includes:
1. Setting a baseline plan
2. Measuring progress and performance
3. Comparing plan against actual
4. Taking action
In Comparing Plan against Actual in control process, it is vital to measure deviations from plan and entails timely monitoring and measuring the status of the project gives ro for comparisons of actual versus expected plans.Taking Action simply if the deviations from plans are significant, corrective approach is used to bring the project back in line with the original plan.