Answer:
Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000
Explanation:
If the market research survey is available for $10,000.
Using a decision tree analysis, it has been found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000.
<u>Then the expected value of the information from this sample is the expected value of each outcome and deducting the costs associated with the decision</u>
Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000
Answer:
increase
increase
Explanation:
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Expansionary fiscal policies increases money supply which increases aggregate demand, as a result output or real GDP increases
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
Answer:
It would take 162 minutes to make one unit of product X.
Explanation:
Giving the following information:
Hours available to produce the products are the constrained resources.
Soap could reduce the processing time for X by 10 percent.
X Y
Sales Price $20 $25
Variable Cost 14 15
Hours needed to process 3 5
<u>First, we need to determine the number of minutes required to make one unit of Product X under the new method:</u>
Number of minutes required= (3*60)*0.9= 162 minutes.
It would take 162 minutes to make one unit of product X.
B) False. The contribution margin per hour of Product B is higher than product Y.
C) False. The contribution margin per hour of $2 was before the improvement in product X.
D) False. Product Y has a higher contribution margin per unit but lower compared to the contribution margin per hour.
Tyrone is buying a cup of coffee at the corner coffee shop, which he does most days.
This is further explained below.
<h3>What is a
consumer?</h3>
Generally, The process through which a company or other organization acquires the products or services it needs to meet its objectives is known as purchasing.
Even though there are various organizations that make an effort to provide standards for the buying process, individual firms' procedures might be quite different from one another.
A person or group is considered to be a consumer if they intend to order, do order, or use purchased goods, products, or services primarily for personal, social, family, household, and similar needs that are not directly related to entrepreneurial or business activities.
Consumers can be individuals or groups.
In conclusion, Tyrone is doing what he does almost every morning, which is going to the coffee shop on the corner and purchasing a cup of coffee.
Read more about consumers
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Answer:
C. 70 minutes
Explanation:
The computation of the information turnaround time is shown below:
But before that first we have to find out the remaining stations which is
= Total stations - error stations
= 20 stations - 6 stations
= 14 stations
Now the information turnaround time is
= Remaining number of stations × cycle time per unit
= 14 stations × 5 minutes per unit
= 70 minutes
We simply applied the above formula so that the information turnaround time could come
