Answer:
To maximize the profit the firm should produce fewer widgets because, as the number of widget production increases the marginal cost of producing widgets increases.
Answer:
TRUE
Explanation:
Customer satisfaction surveys are instruments used by companies to measure the level of satisfaction the customers or consumers get from using their products. It is important because it gives the company information about the positive and negative perceptions about their products and services of which they could improve on. So if the information provided in the survey cannot provide actionable result, the whole survey becomes useless because the information provided cannot be acted upon.
to me it would actually have to be college course math because im not really good at trigonometry
Answer:
The government should decrease spending by $100 billion.
Explanation:
The potential output level of an economy is $5,000 billion.
The economy is operating at an output level of $5,400 billion.
We see that there is an inflationary gap of $400 billion as the economy is operating at an output level of $400 billion more than the potential output level.
The marginal propensity to consume is 0.75.
ΔY = 
$400 billion = 
ΔG = 
ΔG = $100 billion
Answer:
The correct answer is rational decision making perspective.
Explanation:
The "rational model" or "absolute rationality" of decision-making consists of five phases:
-
Define the objective
- Gather information
- Identify the possible options
- Evaluate alternatives
- Experience the effects
However, making a decision is not just an exercise in rationality, an orderly and effective execution of a sequence of actions. In the practice of organizations, taking into account the importance of risks and limitations (resources, time, available information, etc.) within which the decision must be made, it is often not possible or convenient to explore all alternatives and evaluate all the consequences analytically. We can rely on the experience and judgment of the decision makers, who renounce to pursue an optimal solution for a simply satisfactory one. We speak in this case, using an expression created by Herbet Simon, of "limited rationality."
Obviously, in the practice of decision-making processes, there is always the possibility that we should return to an earlier stage or even that the process does not reach the end (that is, choose not to decide). In addition, in an organizational context there are always social actors that guide their actions according to strategies aimed at maintaining or developing their power of decision and influence. Therefore it is questionable that adherence to the rational model is always the best way to make decisions.
