Answer:
Government policies can help stabilize the economy.
Economic condition of any economy can be determined by determining its GDP and level of employment in the economy. Government policies like Fiscal or Monetary Policies can help stabilize the economy. If the economy is passing through recession,the expansionary monetary or fiscal policies can be implemented by the government. Government can reduce the CRR and Repo Rate and relaxes taxation policy so that more amount is left with the people to raise their living standards. On the other hand, at the time of prosperity,contractionary monetary or fiscal policies can be used . CRR and Repo Rate can be raised and tight taxation policy leave the public with less disposable income and thus their demands come down.
Increasing productivity leads to economic growth
Any economy stands on basically four pillars : GDP, Inflation, Employment and National Income.
As the productivity improves,the GDP of the economy grows.For higher level of production higher level of worker participation is required leading to higher level of employment. It will lead to higher supply of commodities and thus the price and inflation can be controlled. Higher level of employment also leads to higher level of National Income.Thus overall, the economic growth takes place.
Thus we can say that Increasing productivity leads to economic growth.
Answer:
Costco is following Customer Oriented Strategy in the business.
Explanation:
Costco offers around 4000 different products to its 64 million members. Costco is now planning to stock more of organic products as the popularity for these products among its customers in gaining significance. Costco has also planned to help farmers to grow organic farms which will benefit the Costco customers. This is customer oriented strategy because Costco is focusing on the needs of its customers.
The technique used to find relationships between variables for the purpose of predicting future values is known as regression analysis.
<h3>What is the importance of regression analysis?</h3>
To find the most significant factors impacting the issue by using reliable sources, regression analysis is used.
It helps to identify the factors based on priority like important factors, factors that can be ignored and the connection between those elements to predict the values for future.
Learn more about regression analysis, here:
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Answer:
$135
Explanation:
Given:
Total clients = 1700
Membership dues = $45
Increase in monthly dues = $1
Loss of clients per dollar increase = 7 clients
Thus,
let x be the number of dollar increases
therefore,
clients lost will be 7x
so the revenue function will be
f(x) = charges × Number of clients
or
f(x) = ( 45 + x ) × ( 1700 - 7x )
or
f(x) = 90000 - 315x + 1700x - 7x²
or
f(x) = 90000 + 1385x - 7x²
now,
for point of maxima or minima
differentiating with respect to x, we get
f'(x) = 0 + 1385 - 14x = 0
or
14x = 1385
or
x = 98.92 ≈ 98
thus,
to optimize the revenue from monthly dues the club should charge
( $45 + $90 ) = $135