Answer:
The correct answer is option b.
Explanation:
A monopolist is the only firm in its market. It is the price maker and faces a downward-sloping demand curve. There is a restriction on the entry of new firms. So the monopolist can earn more than normal profit in both short-run as well as long run. The other firms can not join the market because of barriers to entry. So unlike a perfectly competitive firm, the monopolist will continue to earn super normal profits in the long run as well.
Market power because it is the ability of a firm to set on price of goods ( when both firms merges to have power over market
<span>µ, or the population mean, may be defined as the average annual earning of all Haque & Slash hair styling franchises. x measures only the average annual earnings of the 50 randomly selected Haque & Slash hair styling franchises.</span>
Answer:
a. 41.6 million
b. 42.28 million
Explanation:
The computations are shown below:
a. For the forecast for July month:
= Number of checks received in June × smoothing constant + (1 - smoothing constant) × forecast in June
= 40 million × 0.2 + (1 - 0.2) × 42 million
= 8 million + 33.6 million
= 41.6 million
b. For the forecast for August month:
= Number of checks received in July × smoothing constant + (1 - smoothing constant) × forecast in July
= 45 million × 0.2 + (1 - 0.2) × 41.6 million
= 9 million + 33.28 million
= 42.28 million
c. In this, the exponential method is used. But in the given situation we use linear forecasting method
Answer:
demand peak effort at all times
Explanation:
Ideal standards are problematic because they demand peak effort at all times and are almost <u>not achievable</u> standards.
Ideal standards are achievable with maximum efficiency and perfect operations and do not allow for even normal wastage or work interruption due to breakdown of machinery, employees' rest periods, shortage of raw-materials etc.
Such perfect working conditions are not attainable in the real life manufacturing scenarios
