Answer:
that he should reduce his prices. Yachts are luxury goods and therefore exhibit a high price elasticity of demand. Thus, reducing prices would increase revenue.
Explanation:
Luxury goods usually have a high elasticity of demand when compared with necessity goods which are highly inelastic.
An elastic demand means that a change in price would have a considerable impact on quantity demanded.
Therefore, if the price of the yachts which is a luxury good with high elasticity is reduced, demand for yachts would increase and revenue would increase.
<span>This would show that Will does not have a homothetic preference for hamburgers. Such preferences are shown to not be effected by income or scale, and since Will has changed his eating preferences based upon this new source of income, such a description would not fit this good.</span>
Answer: Please see answer in the explanation column
Explanation: A T- account resembles a tshape that shows a representation for financial records using double-entry bookkeeping, when it involves different accounts like asserts and liabilities, debits to liabilities decrease the account while credits increase the account. The contrary is true for assets
first T-account
.a) <u>Assets | Liabilities</u>
Reserve: +$2000 Deposit: +$2000
b)
<u>Assets | Liabilities</u>
Reserve $400 Deposit=+$2000
Loans: .+$1600
Where required reserve ratio is 20% ie 0.02 x 2000= $400
The bank will keep $400 as reserve and can only loan out $1600
Deposited in another bank as
<u>Assets | Liabilities</u>
Reserve $1600 Deposit=$1600
Middle Managers are responsible for the creation of tactical
plans. Middle managers are those people who are in the senior management
position. Main roles of middle managers is to make a strategy for the company
making sure that the company focus on their goals and targets. The middle
managers should also provide quick results is solving the company’s problems.
- Cycle, quarterly, and weekly calendars are the several types of PMS schedules.
- The Cycle PMS Schedule shows the Maintenance Requirements (MRs) that are anticipated to be completed over an extended period of time within the ship's maintenance life cycle.
- The pound sign symbol ("#") denotes required related maintenance checks that must be conducted within the quarter.
- The mark used to denote the end of an MR is the letter "X."
- A circled "O" on a Sked requirement denotes a requirement that was either not completed at all or just partially completed after the relevant MRC.
- Each 13-week column has black markings at the top to denote underway periods.
- Rescheduled MRS is indicated by the O-with-arrow on the schedule mean.
What are the two scheduling techniques for preventive maintenance?
Fixed PMs and floating PMs are two different scheduling techniques for preventive maintenance. Tracking assets and determining when they require inspection, maintenance, calibration, or replacement can be done using either method.
What are the strategies of preventive maintenance scheduling?
These two PM scheduling techniques enable maintenance facilities to precisely identify maintenance triggers, properly maintain assets and effectively utilize maintenance resources. As a result, facilities experience less downtime and improve asset performance for longer.
Learn more about Preventive maintenance: brainly.com/question/14970029
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