The decision to expand depends on the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients.
<h3>What is marginal cost and marginal revenue?</h3>
Marginal revenue is the change in total revenue when output is increased by one unit. Marginal cost is the change in total cost when consumption is increased by one unit.
Economic theory suggests that output should be increased if the marginal revenue exceeds the marginal cost. If marginal cost is greater than marginal revenue, the business should not be expanded. Profit is maximised when marginal revenue is equal to marginal cost.
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Answer: This Week's forecast = 78 appointments
Explanation:
4 Weeks ago = 95 , 3 Weeks ago =80 , 2 Weeks ago = 65 , last Week = 50
forecast : 2 weeks ago = 90
alpha = 0.20
exponential smoothing = recent previous appointment x a + forecast(1-a)
Forecast (last week) = 65 x 0.20 + 90 x (1 - 0.20)
Forecast (last week) = 13 + 72 = 85
Forecast for this week = 50 x 0.20 + 85 x (1 - 0.20)
Forecast for this week = 10 + 68 = 78
This Week's forecast would be 78 appointments
Answer:
11%
Explanation:
Compounding is the method used to determine the future worth of an amount today while discounting is the method used to determine the present value of a future amount.
Both are related by
Fv = Pv(1 + r)^n
where Fv is the future amount
Pv is the present value
r = rate
n = time
As such,
18.5 = 15 (1 + r)^2
1.2333 = (1 + r)^2
1 + r = 1.11
r = 0.11
the annual percent on returns is 11%
True: Zappos sells all four categories of consumer products (convenience, shopping, specialty, unsought).
Zappos carries products that are speciality and unsought by consumers. Using their website, you are able to conveniently order your products with customer service readily available to help. Zappos is convenient because they carry a wide-range of products, brands and styles. They have free shipping and free returns all year, which is something most retailers do not offer.
Answer:C
Explanation: I have worked for 3 banks over the course of the last 10 years.
