Answer: A -Raoul asks Wendy if she would be willing to sell her first-edition copy of War and Peace.
Explanation: An offer is a legal term used in a contract. An offer is made by an intending buyer to an intending seller regarding a product or service.
The offer is a legal question that is asked by a willing buyer if the seller of the product would consider selling it or not.
An offer can be accepted or declined by the person being made the offer.
Answer:
Irrational decision
Explanation:
Irrational decisions refer to those decisions which are not taken after enough deliberation, ignore the rationale, facts and logic, are rather decided out of whim and impulse and usually instantly decided.
In the given case, Joe was not willing to pay more than $500 cash yet eventually ended up paying $600. Even if the $25 gift card is considered, he ended up paying $575 which is more than he had decided to pay.
The choice of the consumer here is not rational or rather irrational since, he without considering other alternatives or exercise of judgement, without evaluating his costs, impulsively opted for the credit card lured by $25 gift card.
As per the economic theory, Joe's decision would be referred to as irrational.
Answer:
Control limits for x_bar are between 59.076 and 60.924
Control limits for R are between 0.669 and 5.331
Explanation:
Given data:
x_bar = 60 mph
n = 10
R = 3 mph
Step 1: Factors (see table attached)
At n = 10, factors for computing control charts limits are,
A2 = Mean factor = 0.308
D3 = Lower range = 0.223
D4 = Upper range = 1.777
Step 2: Control limits for x_bar
Lower Control limit:
LCL = x_bar - A2*R = 60 - (0.308)(3) = 60 - 0.924 = 59.076
Upper Control limit:
UCL = x-bar + A2*R = 60 + (0.308)(3) = 60 + 0.924 = 60.924
The control limits for x_bar are between 59.076 and 60.924
Step 3: Control limits for R
Lower Control limit:
LCL = D3*R = 0.223(3) = 0.669
Upper Control limit:
UCL = D4*R = 1.777(3) = 5.331
The control limits for R are between 0.669 and 5.331
Hope this helps!
It's called a inflamtion, when basict when the economy gets really strong ,we have a hard time keeping up with demand and need to make the economy more weaker to balance things out