Three basic economic questions are -
- What to produce?
- How to produce?
- Whom to produce for?
Economists study how households and businesses interact to produce the goods and services people need. They look at the factors of production, such as land, labor, and capital, and how they are combined to produce goods and services. Essentially, economists try to answer three sets of questions:
- What goods and services should be produced to satisfy consumer needs?
- How much of this product do you need?
- When should you produce a report?
- What is the best way to produce goods and services?
- How should these products be produced, and what resources should be used to do so?
- Who should be the recipients of goods and services?
- How should the product be allocated among consumers?
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Answer:
For the Country B, the Median is also $30,000, and the Mean is $50,000
Explanation:
We first arrange the information in this way:
Country B
Family Income
Family 1 $10,000
Family 2 $20,000
Family 3 $30,000
Family 4 $41,000
Family 5 $149,000
The median is exactly the number that is in the middle of the table, in this case, $30,000, corresponding to the income of the Family 3.
The mean is obtained by adding up all the numbers, and dividing the result by the quantity of elements:
Mean = $10,000 + $20,000 + $30,000 + $41,000 + $149,000
= $250,000 / 5
= $50,000
Complete/Correct Question:
As a technical project manager you have decided to propose implementing a prototyping methodology for a small web-based design project. What is the first step you will follow in this project?
A. Use the existing prototype.
B. Identify user requirements.
C. Conduct a feasibility study.
D, Identify different solutions.
E, Develop an initial prototype.
Answer:
B, identify user requirements
Explanation:
When prototyping a methodology, it is very important that the project manager identifies or asks for the requirements of the client to ensure that the design doesn't come off as meaningless.
Cheers.
The correct answer is a yellow dashed line. I hope that this helps!!!
ANSWER:
Social change refers to any significant alteration over time in behaviour patterns and cultural values and norms. By “significant” alteration, sociologists mean changes yielding profound social consequences.