Answer:
The correct answer is c.
Explanation:
Since the point the text is mentioning is above the equilibrium point, we know that the Demand is lower than it should be, while supply is bigger.
In order to increase the demand and lower the supply, we need to decrease the price to the equilibrium price. This will increase the demand and lower the supply making them intersect and reach the equilibrium point, a point that the invisible hand is influencing.
I hope this helps!
Answer:
Expected value of profit=$1085
Explanation:
Given Data:
At 0.40 probability:
Loss=$24,600 (will be negative value in final calculations)
At 0.25 probability:
Profit=$11,700
At 0.16 probability:
Profit=$50,000
At 0.19 probability:
Profit=$0
Required:
Expected value of the profit=?
Solution:
Expected value of profit=0.40(-24,600)+0.25(11,700)+0.16(50,000)+0.19(0)
Expected value of profit=$1085
Answer:
1) operation management
Explanation:
Operation management -
It refers to the people in the administration of any company or organisation , who are responsible to produce the best level of efficiency within the company or organisation , is referred to as operation management .
The team of operation is responsible to balance the costs with the revenue , in order to get the best profit as possible .
Hence , from the given scenario of the question ,
The correct option is 1) operation management .
Dina was swimming for 37 minutes
Answer:
c. Financial Accounting
Explanation:
Financial Accounting focuses on the preparation of financial statements in under the Financial Reporting standards of IFRS - International Financial Reporting Standards or GAAP - Genarally Accepted Accounting Principles.
This branch looks into the presentation and disclosure of items that meet the definition and recognition criteria of assets, liabilities, income, expenses and equity in the financial statement.
The users usually targeted by these statements are the third parties that include shareholders, potential shareholders, tax authorities and creditors to mention but a few.