Answer:
Farming is a business and good farm record-keeping helps the farmer plan and do realistic forecasting. Record-keeping provides valuable information on which methods work.
Answer:
the two-way flow of communication between a buyer and a seller, designed to influence a person's or group's purchase decision.
Explanation:
Personal sales is, in plain terms, where companies use individuals to market the commodity after interacting with the consumer eye to eye. The dealers embrace the commodity by their experience of attitude, presentation and professional service. They target at educating and motivating customers to purchase the drug, or at minimum to try it.
Thus, from the above we can conclude that the correct option is c.
Answer:
The Correlation analysis “R” is measured to compute the strength of relationship among variables. Moreover, the value of correlation is calculated among -1 to +1. Which implies that if the computed value is near to -1 then there will be strong but negative relation and if near to +1 then it is strong but relation among the variable. However zero is consider as neutral point.
A. The computed value of correlation is - 0.772. The value identifies that that there is a strong but negative association among the variables (GDP and infant mortality rate).
B. The correlation analysis cannot computed among the variables continent and GDP because "continent" is a categorical variable not quantitative.
C. The computed value of correlation is higher than 1. Thus, the statement implies that there is a very strong relationship among life expectancy and GDP which is incorrect. As the association cannot be higher than 1.
D. There is a strong relationship among literacy rate and GDP as the relationship is nearer to 1. Furthermore, the association among literacy rate and GDP doesn’t suggest the causation.
E. The computed correlation among the variables is 0.90. Which indicated that the variables goes up. That is, when the GDP goes down the import is also decrease and when GDP increases the import increases Thus, the there is a positive correlation.
Market supply is found by horizontally summing the relevant part of each individual producer's marginal cost curve.
- As a result, the firm's supply curve for the output is represented by the marginal cost curve (MC); as the price of the output rises, the firm is prepared to produce and sell a bigger quantity.
- The supply curve for the industry is created by combining the MC curves for each firm manufacturing the product.
- Producers find it increasingly lucrative to raise the quantity they offer for sale as prices rise as a result of rising demand for a commodity; as a result, the supply curve will slope upward from left to right.
Is market supply curve horizontal or vertical?
- On a graph, a market supply curve is depicted by the price of a good running vertically down one side and the quantity running horizontally down the other.
- Given that a supply curve typically slopes upward to the right.
Learn more about marginal cost curve (MC) brainly.com/question/13933442
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