True!! They do reviews on over 7 million accommodations :)
Answer:
The largest revenue the supplier can make under this deal is $24,151.2
Explanation:
Working file has been attached to help understand how the answer was derived. Some points to note in the sheet are:
- The sheet represents the following columns which are S. No., Chairs, Price, Total Revenue and difference in each revenue.
- As the no. of chairs rises the price is dropping by $0.2 in the entire order.
- However, at first this increase in order of chairs is beneficial even with the drop in the price of entire order.
- At the point, where chairs ordered are 348 and price is $69.4 the revenue is at its largest which is $24,151.2.
- After this point the increase in the no. of chairs is only decreasing the overall total revenue of the supplier.
Option A. Jessie has the idea for a new phone app so he spend his money to set up a business
The amount that that Azco Autosystems, Inc., can afford to spend on an energy management system is $80,744.
<h3>Present value</h3>
Using this formula
Present Value = A(P/A, 10%, 5)
Where:
A=$21,300
(P/A, 10%, 5)=3.79079
Let plug in the formula
Present Value = 21,300 (P/A, 10%,5)
Present Value = 21,300 (3.79079)
Present Value =80,743.8
Present Value = $80,744 (Approximately)
Inconclusion the amount that that Azco Autosystems, Inc., can afford to spend on an energy management system is $80,744.
Learn more about present value here:brainly.com/question/15904086
Answer:
Economic models often vary greatly in assumptions and simplifications.
Explanation:
Most models in Classical Economics are based on a lot of generalizations and simplifications, that intend to model the behavior of the situations of the real world but often fail to encompass all the intricacies and complications that even most straightforward situations present. These simplifications help the Economists figure out the mathematical laws that are governing the real world economic systems. Therefore making the economic modeling a simpler process.
Classic economics implies three basic assumptions:
1- People behave rationally in any situation.
2- Firms and individual want to maximize profit and utility
3- People act independently based on available information.
