Answer:
d. horizontally summing individual supply curves.
Explanation:
Each firm will have its own supply curve depicting the relationship between the price and the quantity of goods it is willing to produce at that given price. The market supply curve is obtained by aggregating the different firm supply curves i.e. the total quantity suppliers are willing to produce when the product is sold for a given price.
Based on the above, option d is the correct answer.
Answer:
The ground shipment option is more economical
Explanation:
The costs of each option of shipment would be a good starting point in deciding which is more economical
Ground shipment costs:
Cost per day $21.09
number of days
cost=$21.09*3
=$63.27
Air option
Number of days 2
cost per day $21.09
additional charge
cost=standard charge* days+additional charge
=($21.09*2)+$30.00
=$72.18
Above all the ground shipment option of $63.27 is more economical compared to the air option of $72.18
Answer:
E. avoid using statistics found on the Internet.
Explanation:
Statistics: It is a science of evaluating data collected by using quantified model and presenting the data in a simplified form.
There are six tips of using statistics in our speeches are:
- Use statistics to quantify your ideas
.
- Use statistics sparingly
.
- Identify the sources of your statistics
.
- Explain your statistics
.
- Round off complicated statistics
.
- Use visual aids to clarify statistical trends.
Hence, it never suggest to avoid using statistics found in the Internet as it is one of the source.
Answer: Critical success factors (CSFs)
Explanation:
The critical success factor is one of the management element that helps in achieving the organizational main goals and their mission in an organization.
The main aim of the critical success factor is that it helps in evaluating all the key factor in the company for increase the performance and also helps in accomplishing the given task.
According to the given scenario, the Prometheus corporation is one of the large electronic manufacturing firm and each employee of this company contributing in the profits as it is categorized as critical success factor.
Therefore, Critical success factors (CSFs) is the correct answer.
Answer:
c. equality
Explanation:
The production possibility frontier shows the two combinations of goods an economy can produce when all its resocurces are fully employed.
Production is efficient when the economy is producing on the production possibility frontier.
It shows what the amount of one good that has to be given up in order to produce one unit of the other good. Thus, it shows both opportunity cost and trade offs.
I hope my answer helps you.
