The second step in the problem solving process is to clarify the issues of a problem.
Answer: The second step.
Answer:
a shortage would arise since quantity demanded would exceed the quantity supplied
Explanation:
The law of demand states an inverse relationship between price of a good and it's demand.
In the given case, per month rental for rooms has significantly reduced for students. This would result into an immediate increase in demand for the rooms. Now since, the rooms available are limited in number, a shortage would arise.
Owing to such a shortage, a possibility would arise wherein students who do not require such rooms may avail such rooms at $500 and subsequently let out the rooms to outsiders at anything below $900 thereby earning a profit.
Answer:
$10,600
Explanation:
The total amount that the students will pay will be the total of monthly installments plus the deposit
Deposit =$1000
total monthly installments = $200 x 48 = $9600
The total amount he will pay = $ 9600 +$1000
=$10,600
Answer: Enablers
Explanation:
Years ago, 54 leadership experts from 38 countries reached a consensus on leadership.
They agreed that leadership should be about influencing, motivating, and enabling others to contribute towards the goals of the Organization that they work for.
This consensus had 2 parts.
Firstly, leaders motivate others through persuasion and otherinfluence tactics.
Secondly and relatively more important in this question, leaders act as ENABLERS.
They ENABLE those under them by distributing resources, minimizing disruptions and just generally by being leaders to their subordinates to make it easier for the goals and objectives of the company to be realized.
Answer:
Break Even Point
In Units = 2,000 units
In value = $80,000
Explanation:
Break even Point = 
When we use contribution per unit, we get the break even point in units sales.
When we use the contribution margin as a percentage of sales we get break even sales in value.
Contribution per unit = $20
Contribution margin in percentage = $20/$40 = 50%
Therefore, Break even Point in units = 
Break even units = 2,000
Break Even Point in value = 
Sales to be made in value at break even = $80,000
