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wel
3 years ago
12

Ezra runs a gyro stall at the local farmers' market. He would like to expand and open his own shop downtown. He has made the cha

rt above, listing some potential costs and benefits of expansion. What concept does this chart most clearly illustrate? Businesses must respond to consumer demand. Competition requires businesses to expand. Economic choices result in trade-offs. The benefits of economic growth outweigh the costs.
Business
1 answer:
Kaylis [27]3 years ago
7 0

Answer: Economic choices result in trade-offs.

Explanation:

The chart simply purports to show that when making economic decisions, you will have to accept trade-offs because resources are not infinite.

For instance, in order to expand, you will need to take on more financial risk. In that same vein, in order to serve more people, you will have to divide time between two stalls and might end up closing a stall.

Trade-offs simply have to be made.

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Which of the following data analysis models use optimization techniques? Group of answer choices Prescriptive analytics Predicti
schepotkina [342]

Answer:

Prescriptive analytics.

Explanation:

Prescriptive analytics can be defined as a type of data analysis model which typically comprises of descriptive data and forecasting techniques used for identifying the decisions that are most likely to yield an optimum or best performance.

Hence, prescriptive analytics is a data analysis model that use optimization techniques.

For example, prescribing a car that is capable of finding the best route for a road trip.

5 0
2 years ago
Have opened up new horizons for proactive and reactive investigations of consumer fraud because an investigator can begin develo
Elden [556K]
I believe the answer is <span>. Decoy appliances/vehicles      
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3 0
3 years ago
Read 2 more answers
The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. Th
Mumz [18]

Answer:

The company should order 100 units to minimize total inventory cost.

Explanation:

Given,

Annual Demand, D = 2,000 units

Order cost, S = $20

Purchase cost = $40

Holding cost, H = Purchase cost x percentage of holding cost

Holding cost = $40 × 20%

Holding cost = $8

We know, the company should order the highest number of products with a minimum cost, and for that, the company uses economic order quantity. Hence,

Economic Order Quantity (EOQ) = \sqrt\frac{2*D*S}{H} }

EOQ = \sqrt \frac{2*2,000*20}{8}

EOQ = \sqrt{10,000}

EOQ = 100

8 0
3 years ago
Select the correct answer.
almond37 [142]

Answer:

answer is b

Explanation:

8 0
2 years ago
You have been pricing an MP3 player in several stores. Three stores have the identical price of $300. Each store charges 24 perc
Valentin [98]

Answer:

a. $5

b. $4

c. $6

Explanation:

a. store A?

Beginning balance = $300

Ending balance = $300 - $100 = $200

Average balance = ($300 + $200) ÷ 2 = $250

Monthly APR = 24% ÷ 12 = 2%

June finance charge = Average balance × Monthly APR = $250 × 2% = $5

b. store B

June finance charge = (Beginning balance - Payments) × Monthly APR = ($300 - $100) × 2% = $4

c. store C?

June finance charge = Beginning balance × Monthly APR = $300 × 2% = $6

8 0
3 years ago
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