Hi I think it might be the second option: <u>You can specialize in mechanics and still be able to feed your family without growing your own food.</u> I say this because the key word specialization used in the question and specialize.
Honestly taking a test with this same question at the moment and i am just taking a wild guess here. Im sorry if i got it wrong but good luck.
Answer:
average product = 9.16
Explanation:
given data
currently employs = 100 worker
produce = 800 chair
hire = 101 worker
output = to 925
to find out
average product of the 101 worker
solution
we get here average product that is express as
average product = 
..................1
here output is 925 and input is 101 worker so put here value we get
average product = 
average product = 9.16
Answer:
The answer for what is not a step in the decision making model is option E) consider qualitative factors
Explanation:
The steps in decision making model includes the following
- defining the problem
- collation of data
- Identifying the alternatives
- determining costs and benefits for both feasible and unfeasible alternatives
- total relevant costs and benefits for each alternative
- action Plan
Considering qualitative factors is a post decision making action. It happens during the decision analysis phase.
Answer:
The correct answer is option a.
Explanation:
A budget line represents the maximum possible combination of two goods that can be purchased by an individual by spending all of his income.
George has a weekly income of $50.
He spends this income on donuts and coffee.
The price of a donut is $1 and the price of coffee is $2.50.
As George's income increase to $100, George will be able to afford more coffee and donuts as the price of coffee does not change.
So, the budget line will shift to the right, indicating the increase in the quantity of goods George can afford.
Answer:
for rate 11.2 percent ,principal = 8419.47
for rate 5.6 percent , principal = 86123.90
Explanation:
given data
amount wish A = 1,000,000
time t = 45 year
rate r1 = 11.2 % = 0.112
rate r2 = 5.6 % = 0.056
to find out
how much do you have to invest today
solution
we know here amount formula that is
amount = Principal × 
..........................1
here r is rate and t is time so
for rate r1 principal amount is by equation 1 we get
amount = Principal ×
1,000,000 = Principal × 
principal = 8419.47
and for rate r2 principal is from equation 1
amount = Principal ×
1,000,000 = Principal × 
principal = 86123.90
