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MAXImum [283]
3 years ago
12

In a production application involving a fixed setup cost and a variable cost, the use of __________ makes including the setup co

st possible in a production model. Group of answer choices noninteger constraints location variables binary variables objective function coefficients
Business
1 answer:
IRISSAK [1]3 years ago
8 0

Answer:

The correct answer is binary variables.

Explanation:

A binary variable is one that can only have two possible values. They generally fulfill two essential characteristics:

1. They are made up of two exhausting values, which indicates that there is no other possibility of response. For example, a person is female or male.

2. Both values of the variable are exclusive, that is, it is not possible that both responses can be given, only one. In the same example above, a customer cannot be a woman and a man at the same time.

You might be interested in
Which of the following individual situations typically leads to increased income needs, reduced risk tolerance, and greater need
bazaltina [42]

Answer:

The correct answer is option C) Responsibility for others

Explanation:

Being responsible for the financial needs for others is one of the biggest factors that leads the individual towards increased income, reduced risk and increases future financial protection.

They have to pay for not only themselves, but others too, most commonly their family. Therefore, they think of investing in assets that have a high profit return and low risk of failure such as buying a property for future purposes or looking for a job that has more long term privileges.

4 0
2 years ago
A good file system depends on easy retrieval of information, so it is important that _______.
nataly862011 [7]

It is important that you are able to organize and classify your files so that it would be fast and simple to retrieve them when they are needed.  Classify them by topics and arranged them by date as well as by alphabetical order and create a database so that you retrieve them quickly.

8 0
3 years ago
Suppose a monopolist produces output where total revenue is maximized. at that output, the price elasticity of demand for the mo
Ipatiy [6.2K]

Suppose a monopolist produces output where total revenue is maximized. At that output, the price elasticity of demand for the monopolist's output is equal to one.

What is Monopoly?

A monopoly is a market structure where one producer or seller holds a significant amount of influence within a certain market. Monopolies are forbidden in free-market economies as they limit customer alternatives and discourage competition. A company that enjoys monopoly status lacks replacements for its goods and faces little internal competition. Monopolies have the power to set prices and create barriers to entry for competing companies. Monopolies frequently benefit from economies of scale, the capacity to produce large volumes at reduced unit prices.

To know more about monopoly refer:

brainly.com/question/5992626

#SPJ4

3 0
1 year ago
What is a sole proprietorship? A partnership? (essential elements) How is each entity taxed? What is a franchise? What is the "c
natita [175]

Answer:

........................

Explanation:

6 0
3 years ago
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest
stiv31 [10]

Answer:

You will have $10,306 more

Explanation:

In this question, we are asked to calculate the difference in the amount of money we will earn if the same deposit amount is made in two different banks with different interest payment scheme

Firstly, Calculate the amount in the account as follows:

Future value = Interest + Amount = (Am ount x Period x Rate) + Amount = ($54,000 x 10 x 6%) + $54, 000 = $32,400 + $54,000 = $86,400

Therefore, the future value is

$86,400

Now, we calculate the amount by using the compounding as follows:

Future value = Amount x (1+ Rate)^n =

$54,000 * (1+0.06)^10

= $54,000 * 1.791 = $96,706

Therefore, the compound future value is

$96,706

The difference in amount is calculated as follows:

Difference in amount = $96,706 - $86,400 = $10,306

5 0
3 years ago
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