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Aleksandr-060686 [28]
3 years ago
15

during step 3 of the decision making process you are identifying options it's helpful to approach this step as a ________. brain

storming activity, test, final decision, prioritized list.
Business
2 answers:
zavuch27 [327]3 years ago
7 0

The answer to this question is:

Brainstorming activity

Vika [28.1K]3 years ago
5 0

Answer:

Prioritized list

Explanation:

Step 3 of the decision-making process is to identify alternatives or options. Therefore, finding many options so that the individual cannot make any wrong decision during the time of choosing the right option. If the person identifies the various options, he or she can choose the most optimal list. In that case, testing, or brainstorming activity cannot help to proceed with alternatives. Prioritizing the list will be helpful to approach in 3rd step to find the best possible options. Therefore, option D is the answer.

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Jim saw a decrease in the quantity demanded for his firm's product from 8000 to 6000 units a week when he raised the price of th
Vadim26 [7]

Answer:

The answer is A.

Explanation:

If a a product is price elastic that means it is sensitive to price. If there is an increase in price, the quantity demanded of that product will drop and if there is a decrease in price, the quantity demanded of that product will rise. Price elasticity has a value greater than one.

Because the price rose from $200 to $250, quantity demanded fell from 8000 units to 6,000 units.

If it were to be inelastic, the quantity demanded will not change or will change with very little percentage.

3 0
3 years ago
A U.S.-owned automobile factory uses $100,000 worth of parts purchased from foreign countries along with U.S. inputs to produce
MatroZZZ [7]

Answer:

B. $500,000

Explanation:

In this question, we have to apply the GDP formula which is given below:

GDP = Cost of total produced cars - imports

where,

Cost of total produced cars would be

= Number of cars produced × price per car

= 30 cars × $20,000

= $600,000

And, the imports would be $100,000

So, the GDP would be

= $600,000 - $100,000

= $500,000

6 0
4 years ago
A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $100 per day. Assume
ollegr [7]

Answer:

a. What is the MRP? What is the MRC? Should the firm add this delivery vehicle?

marginal revenue product = marginal product of labor x marginal revenue per output unit

MRP = 1,500 packages x $0.10 per package = $150

marginal resource cost (MRC) = $100 (the cost of renting the delivery truck)

The company should add the delivery truck because MRP is higher than MRC.

b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?

MRP = $150 (doesn't change from question a)

MRC = $200 (the cost of renting the delivery truck)

The company should not add the delivery truck because MRP is less than MRC.

c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation? Would adding a vehicle under these circumstances increase the firm's profits?

MRP = 750 packages x $0.10 per package = $75

MRC = $100

The company should not add the delivery truck because MRP is less than MRC.

8 0
3 years ago
What economic concept is applied in this statement?
elena-14-01-66 [18.8K]

Answer:

positive externality

Explanation:

positive externality is defined as benefitting a third party, so education helps the student and then others which would be a 3rd party

8 0
3 years ago
if a new product concept gets positive evaluations from potential customers during concept testing, the next step for a firm is
Ilya [14]

If a new product concept gets positive evaluations from its potential customers, the next step would be the actual product development.

The product development stage is that phase where the manufacturers of the product begin to create the actual project.

This is the stage where they actually begin to design and manufacture the product. Before they go into a full scale production, a prototype of the product would first be made.

After it has been successfully tested, them the product would be sent in to the market.

Read more on brainly.com/question/15734424?referrer=searchResults

7 0
3 years ago
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