Answer:
The three economic questions that every society must answer are as follows: "What to produce?" "How to produce?" and "For whom to produce?"
"What to produce": The quantity in which a commodity is to be produced is set at that level where demand equals supply. If quality produced is more or less, then there will be dis equilibrium in the market and price will fluctuate. Hence, to maintain stable equilibrium price it becomes necessary to make demand and supply equal.
"How to Produce": There are two types of techniques. A labor-intensive technique would employ relatively more labor and less capital. On the other hand, capital- intensive technique means more capital and less labor. The choice of technique depends on the prices of the factors of production. That is, if labor is cheap and capital is expensive, a labor-intensive technique would be considered and vice-versa.
"For whom to produce": The solution of this problem is very simple commodity can be consumed only by people who have more purchasing power. Price mechanism determines the income of the workers, i.e.; purchasing power. The purchasing power of the owner of capital is determined in the same way. Thus, when the price of every commodity and every factor of production are determined, the third problem will be solved
Answer:
Statistics is extended part of mathematics were you deal about only formulas numbers and business statistics deals about your knowledge about financial business marketing.
Answer:
improve the quality of urban life and help immigrants adjust to American life.
Explanation:
The progressive movement was a period when the was social activism and political reforms accross America. It occurred between the 1820s to the 1920s.
Mainly the movement was aimed at resolving problems of industrialisation, urbanisation, immigration, and corruption.
This was the basis for direct democracy, and also they requested for regulation of monopolies through anti trust laws that promotes equality in competition.
The memo line is the least important part.
Question: The options were not given in the question. here are the options;
a. 50%
b. 75%
c. 5%
d. 95%
e. 25%
Answer:
The correct option is D. 95%
Explanation:
ROP = demand during lead time + (Z * standard deviation of lead time demand)
15 = 10 + (Z * 3)
Z = 1.667
For Z = 1.667, service level is nearly 95%
