Answer:
(B) Statistic
Explanation:
A statistic is defined as a metric derived from (or that describes) a sample. As such, given a certain population (in the case of the question, <em>the population is the total number of new engines developed by the company</em>), a sample can be selected from the population (<em>the sample in the question is the 100 engines that are randomly selected</em>).
Any characteristic that describes the population is known as a parameter, whereas a characteristic that defines the sample is a statistic. In the question given, the average lifetime of 11 years was derived from the sample of 100 engines as is thus a statistic.
Answer:
a)
revenue = x amount of phones x price
revenue = x(500 - 0.5x)
revenue = 500x - 0.5x²
we find revenue' (derivative):
revenue' = 500 - x
x = 500
the company should sell 500 smartphones to maximize revenue, the selling price = 500 - (0.5 x 500) = $250 per smartphone. Maximum weekly revenue = $250 x 500 = $125,000
b)
profit = revenue - cost
profit = 500x - 0.5x² - 20,000 - 135x
profit = -0.5x² + 365x - 20,000
we must find profit' (derivative):
profit' = -x + 365
x = 365
In order to maximize profits, you have to sell 365 smartphones per week. Maximum weekly profit = -0.5(365²) + 365(365) - 20,000 = -66,612.50 + 133,225 - 20,000 = $46,612.50.
The smartphone's price = 500 - (0.5 x 365) = $317.50
<span> in the context of the promotional mix, the in-flight magazine is being used for Advertising
Advertising is a visual or audio form of communication that is used to promote a certain product. When several companies pay Skyairline to put and promote their products on the skyairline magazine, the magazine serves as an advertising medium for them.</span>
Answer:
b. $60,000
Explanation:
Implicit cost is the cost which is not shown as a cost in the statement of income.
As it includes basically the opportunity cost.
This will include:
Salary foregone = $45,000
Entrepreneurial skills income = $5,000
Interest on bonds foregone = $100,000 
10% = $10,000
Thus, total implicit cost = $45,000 + $5,000 + $10,000 = $60,000
Answer:
The correct answer is: Counter-proposal.
Explanation:
A counter-proposal or counteroffer is the result of modifying the initial offer of a contract. This change is usually made by the <em>offeree </em>or the person who receives the offer because some of the terms are not suitable for that person or do not meet his or her expectations. As long as the <em>offeror </em>and the <em>offeree </em>do not come to an agreement, the contract is not considered binding.
