Answer: Point B
If the demand increases suddenly because of a non-price determinant of demand, equilibrium point will shift to point B. At point B, the demand for mangoes increased from 4000 to 5000 pounds, and the price increased as well, from $5 to $6.
Answer:
C. Satisficing model
Explanation:
Satisficing model aims at reaching and receiving the results which makes the desired person satisfied with the results.
It basically provides the company and its management to not only find an optimal solution but a solution which is satisfying for the management.
Thus, in the given instance management sets a prescribed percentage as results they desire for sales, and related profit which further results in desired level of growth.
Thus, this is about satisfactory results that is Satisficing model.
Answer:
A
Explanation:
When the Canadian dollar depreciates against the euro, the value of the Canadian dollar falls relative to the Euro.
For example, the exchange rate before the depreciation is 40 Canadian dollar / Euro. After the depreciation, it is 80 Canadian dollars / Euro.
Goods become more expensive for Canadian buyers of foreign goods. For example, a foreign good costs 160 Euros. Before the depreciation the good would cost (160 x 40) = 6400 Canadian dollars. After the depreciation, it would cost, 12,800 Canadian dollars.
Canadian sellers to foreign buyers don't benefit from the depreciation. Assume a local good costs 40 Canadian dollars. foreigners would pay 1 Euro for the good before depreciation. After depreciation, foreigners would pay 0.5 Euros for the good
Answer:
-1.8
Explanation:
Data provided in the question:
Mean = $32,500
Standard deviation = $2,500
Earning, X = $28,000
Now using the formula provided in the question for the calculation of the z - score, we have
z score = ( X - Mean ) ÷ ( Standard deviation )
on substituting the respective values, we get
z score = ( $28,000 - $32,500 ) ÷ ( $2,500 )
or
z score = -4500 ÷ $2,500
or
z - score = -1.8
