I believe the answer is: For whom it should be produced.
There are only 3 basic economic questions that should be asked before opening a business. What to produce, for whom it should be produced, and how to produce it.
By knowing the target consumers, Jordan could determine the best possible place to set up his store that can be easily accessed by his target consumers.
For example, if he produce the lemonade to children, he need to place the stand on the roads where many of the students cross on their way from school to home.
The answer is C. stocks =)
Answer:
1. $1,821.76
2. 7.87%
Explanation:
We use the PMT formula that is shown in the attachment below:
Provided that
Present value = $75,200
Future value = $0
Rate of interest = 7.6% ÷ 2 = 0.6333333%
NPER = 48 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $1,821.76
2. Now the effective annual rate is
= (1 + APR ÷ number of months)^number of months - 1
= (1 + 7.6% ÷ 12)^12 - 1
= 7.87%
Answer:
d. 15 chairs/worker/day
Explanation:
Given that
Average of standard dining chairs = 450
Number of employees = 6
Number of days in a week = 5
So, The formula and the computation of the labor productivity of this operation is presented below:
Labor Productivity = Output ÷ Labor Input
where,
Output = 450 standard dining chairs
Labor output = 6 employees × 5 days in a week = 30
So, labor productivity is
= 450 ÷ 30
= 15 chairs per worker per day
The competitive environment described is competitively unattractive from the standpoint of earning good profits.
<h3>What is a perfect competition?
</h3>
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. In the long run, firms earn zero economic profit.
To learn more about perfect competition, please check: brainly.com/question/17110476s
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