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3 years ago

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Callaway Golf Company conducted a one-time survey of golfers and asked them about their attitudes, preferences, and intentions r

egarding buying custom clubs. This is an example of a(n) a. cross-sectional study. b. exploratory research. c. causal research. d. field experiment.

1 answer:

Sholpan [36]3 years ago

6 0

Answer:

a. cross-sectional study.

Explanation:

A cross-sectional study is the study that consists of data taken from a population for a particular period of time. Here study derives the interest variables that are be selected

Here in the given situation, since the company conducted a survey based on people attitudes, their preferences, intentions so that they can able to analyze purchasing the custom clubs

So here the cross sectional study is to be used

hence, the correct option is a.

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Michael is a U.S. citizen who currently lives in St. Louis. He hires John, an authorized vintage car broker (also a U.S. citizen

Andrei [34K]

Answer:

The correct answer is C. Only John's commission will be counted in the U.S.

Explanation:

When developing a job that generates income in St. Louis, it is considered that any sale you make because you are within the United States is taken into account within the GNP. For its part, the country that produced the car should consider it as GDP because it is part of the production carried out in a different jurisdiction.

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Assume that a manufacturing company incurred the following costs: Direct labor $ 90,000 Advertising $ 40,000 Factory supervision

Len [333]

10092796 tents mei e seen

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He schedule below represents the willingness of a typical consumer to pay for wine in a year. Suppose there are 10,000 identical

natta225 [31]

Answer:

a. $30,000.

Explanation:

Willingness to pay is the highest amount a consumer would be willing to pay for a good or service. In this example, the willingness to pay is $50.

Consumer surplus is the difference between price of a product and the willingness to pay.

To calculate the total consumer surplus , refer to the attached image, the consumer surplus is the shaded triangle.

The total consumer surplus = 1/2 base × (height)

The height is the difference between the willingness to pay and the price of the wine = $50 -$30 =$20

The base is the total quantity purchases at $30 =

1/2 × 3 × ($20) = $30

There are 10,000 consumers, therefore consumer surplus =$30,000

I hope my answer helps you.

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3 years ago

A cellular service provider charged a customer $40 for 150 minutes of airtime. The same provider charged another customer $55 fo

yKpoI14uk [10]

Answer:

$C(t)=0.1t+25$

Explanation:

So, we are looking for a linear equation. As we know Equation of a line has different forms, let´s use slope-intercept form:

$C(t)=mt+b$

Where C is the total cost as a function of t, t is the amount of airtime in minutes, m is the slope and b is the y-intercept

Now, let´s use the data provide in order to find m and b:

$40=150m+b$ (E1)

$55=300m+b$ (E2)

We have a 2X2 system of equations, let´s solve it using elimination method:

$2(E1)-(E2)$

$25=0+b\\b=25$

Replacing b in (E1) or (E2):

$m=\frac{40-25}{150}$

$m=\frac{1}{10}=0.1$

Knowing the slope m and the y-intercept b the linear model that represents the total cost as a function of t is:

$C(t)=0.1t+25$

You can check the results evaluating t=150 and t=300, the results must be 40 and 55 respectively

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3 years ago

The weekly profit of a company is modeled by the function w = –g2 + 120g – 28. The weekly profit, w, is dependent on the number

FromTheMoon [43]

Answer:

120 gizmos.

Explanation:

We have been given that the weekly profit of a company is modeled by the function $w =-g^2+120g-28$ . The weekly profit, w, is dependent on the number of gizmos, g, sold. The break-even point is when $w=0$ .

To find the number of gizmos the company must sell each week in order to break even, we will substitute $w=0$ in profit function as:

$0 =-g^2+120g-28$

$-g^2+120g-28=0$

Now, we will use quadratic formula to solve for g.

$g=\frac{-120\pm\sqrt{120^2-4(-1)(-28)}}{2(-1)}$

$g=\frac{-120\pm\sqrt{14400-112}}{-2}$

$g=\frac{-120\pm\sqrt{14288}}{-2}$

$g=\frac{-120\pm 119.53242237987}{-2}$

$g=\frac{-120-119.53242237987}{-2}\text{ or }g=\frac{-120+119.53242237987}{-2}$

$g=\frac{-239.53242237987}{-2}\text{ or }g=\frac{-0.46757762013}{-2}$

$g=119.76621118\text{ or }g=0.2337888$

$g\approx 120\text{ or }g\approx 0.23$

We will take the larger value for the number of gizmos.

Therefore, the company must sell 120 gizmos each week in order to break even.

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3 years ago