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4 years ago

Most people's natural aversion against complex mathematical problems is an example of:

Business

1 answer:

tankabanditka [31]4 years ago

4 0

Answer: cognitive bias

Explanation:

A cognitive bias refers to a systemic process of divergence from standard or reason in judgment. From their interpretation of information, participants create their own "naturalistic worldview." Often, therefore, cognitive biases can contribute to visual distortion, incorrect decision, nonsensical perception, and what is commonly considered irrationality.

There are certainly some cognitive limitations that are evolutionary. Cognitive biases can result to more efficient behavior. In addition, enabling cognitive biases allows for faster decision making that may be beneficial when punctuality is more important than precision, as shown in heuristics.

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Having never been to singapore, you should still be able to tell me the % of work force involved in primary and secondary activi

nikklg [1K]

<span>The percentage of work force involved in primary and secondary activities is probably equal to or less than 30%. In an economy like Singapore, development has been really fast due to which service sector particularly tourism accounts a major share. Hence the workforce involved in primary and secondary activities is declining and the share of workforce in these activities is approx 30% of the total workforce.</span>

3 0

3 years ago

The United Kingdom started regulating the size of grocery stores in the early 1990s, and today, the average size of a typical

Svetradugi [14.3K]

Answer:

C. The long-run average cost of production for U.K. grocery stores is lower if there are diseconomics of scale.

Explanation:

The diseconomy of scale is called the effect that occurs in the costs of a given production. These effects generate increasing costs for the company for each unit of product that is manufactured. Specifically and technically, a diseconomy of scale occurs when a percentage increase in production is less than the percentage increase in inputs.

Since the size of the grocery stores decreases, the average costs decreases. So, The long-run average cost of production is lower when there are diseconomics of scale.

Hope this helps.

0 0

4 years ago

A 1-year gold futures contract is selling for $1,645. Spot gold prices are $1,592 and the 1-year risk-free rate is 3%. The arbit

stealth61 [152]

The arbitrage profit implied by these prices is $5.24.

<h3>Arbitrage profit</h3>

Given:

Future contract= 1645

Sport gold price = 1592

Risk-free rate (rf) = .03

Hence:

Arbitrage profit=1645-[1592(1+1.03)¹]

Arbitrage profit=1645- 1639.76

Arbitrage profit=1645 =$5.24

Therefore the arbitrage profit implied by these prices is $5.24.

Learn more about arbitrage profit here:brainly.com/question/15394730

#SPJ1

5 0

2 years ago

Lion Industries required production for June is 132,000 units. To make one unit of finished product, three pounds of direct mate

OleMash [197]

Answer:

Raw materials to be Purchased 426,000

Explanation:

Raw materials production needs 396,000 (A)

Desired Ending Inventory 330,000 (B)

Total needs 726,000 (C) (A+B)

Beginning Inventory (300,000) (D)

Raw materials to be Purchased 426,000

(A)

Required production 132,000

each units required 3 pounds of raw materials per unit

so we multiply to get how many are required for production

(B) the desired inventory are additional units we need to purchase

(D) the beginning inventory are units we already have on inventory, decreasing our purchase needs.

6 0

3 years ago

When changing from the average cost method to FIFO, the company:

Lesechka [4]

Answer: B. Revises comparative financial statements.

Explanation:

When switching from a median Cost method to FIFO method. this sort of switch can always yield a major impact on all financial statements. Any organization which wishes to change would settle on the requirement to scrutinize whether it has to restate its financial data for previous years to reflect the new method or only apply the new method to the present and future years.

7 0

3 years ago