Market Equilibrium is when the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal. The corresponding price is the equilibrium price or market clearing price, the quantity is the equilibrium quantity.
Answer:
20,300 pounds
Explanation:
<u>Purchases Budget for February - Pounds</u>
Material required in Production 19,900
Add Opening Materials Inventory (19,900 x 20%) 3,980
Total 23,880
Less Closing Materials Inventory (17,900 x 20%) (3,580)
Budgeted Purchases 20,300
Therefore,
Purchases of raw materials for February would be budgeted to be 20,300 pounds
<span>A situation in which the combined effect of several exposures is greater than the sum of the individual effects synergism. Synergism is when two or more organizations come together to create something that is better than what they would've produced separately. This allows organizations to grow their customer base and product base by helping </span>each other.
A/B Test is a method of measuring the effectiveness of altering one characteristic of a marketing asset such as a web page, a banner advertisement, or an email.
More about A/B Test:
In data science an elementary randomised control experiment is A/B testing. It is a method for contrasting two variations of a variable to see which performs better in a regulated setting.
Let's say, for example, that you run a business and want to boost product sales. You could divide the products in the aforementioned scenario into A and B parts. Here, A won't change, but you can significantly alter B's packaging. You now attempt to determine which is performing better based on the responses from customer groups who used A and B, respectively.
It is a hypothetical testing procedure in data science used to make judgments about population parameters based on sample statistics.
Learn more about data science here:
brainly.com/question/21804624
#SPJ1
