Answer:
2 apples and 6 bottles of water
Explanation:
since Bervin earns K22, her consumption possibilities frontier is:
apple water total utils obtained
4 units 1 unit 90 + 20 = 110 utils
3 units 3 units 75 + 54 = 129 utils
2 units 6 units 55 + 90 = 145 utils
1 unit 8 units 30 + 98* = 128 utils
0 units 11 units 0 + 98* = 98 utils
The optimal combination of apples and bottles of water is 2 apples and 6 bottles of water because that combination yields the most utils.
*Since the table only states the utils obtained until the 7th unit, we must assume that any additional unit consumed will provide 0 utils.
Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.
Explanation:
Brand loyal decision is a type of nominal decision that is characterized by a fairly high degree of product involvement by a customer, but a low degree of purchase involvement.
<h3>What is Brand
loyal decision?</h3>
A brand loyal decision can be defined as a type of nominal decision which involves a customer having a fairly high degree of involvement in the products offered by a producer (business organization) but a low level of involvement in its purchase.
This ultimately implies that, a brand loyal decision is characterized by a fairly high degree of product involvement with subsequent low degree of purchase involvement.
Read more on decision-making process here: brainly.com/question/1249089
Answer:
compares the efficiency and effectiveness of your business processes against strict standards.
Explanation:
Benchmarking is a process of measuring the performance of a company’s products, services, or processes against those of another business considered to be the best in the industry, aka “best in class.” The point of benchmarking is to identify internal opportunities for improvement.
Answer:
$67.1 million
Explanation:
Given that,
Projected benefit obligation at the beginning of 2021 = $51 million
Service cost = $18 million
Retiree benefits = $7 million
Projected benefit obligation at December 31, 2021:
= Beginning of 2021 + Service cost + Interest cost - Retiree benefits
= $51 million + $18 million + (10% × $51 million) - $7 million
= $51 million + $18 million + $5.1 million - $7 million
= $67.1 million
