Answer:
Implement the selected alternatives
Explanation:
The decision making process is divided in 4 rational steps:
1. Identify the existing problem: know what is the difficulty that is being presented, it involves all what is being affected.
2. List possible solutions for the existing problem: here the person lookfl for all the possible ways to solve a problem and the different variables that are being affected.
3. evaluate and select the most beneficial alternative: in this step the person foresee the results of each alternative and choose the once that would work in the best way.
4. Implement the alternative that was selected: it implies the work of every person involved in the results, follow the plan and the improvement of the initial problem.
Sometimes it is added a 5th step, the feedback and evaluation of the implemented alternative to know if the problem was fully solved.
Answer:
.4
Inelastic
Explanation:
Elasticity of Demand = |%Change in Demand / %Change in Price|
%Change in Demand= |(40,000 - 50,000)/50,000| = 20%
%Change in Price = |(60 - 40)/40| = 50%
Elasticity of Demand = .2/.5 = .4 or 40%
.4 < 1 so Demand is Inelastic
Answer:
D. They oversee some waterways.
Answer:
$27.90 per unit.
Explanation:
Given that,
Variable cost per unit = $12.50
Fixed costs = $500,000
profit = $270,000
sales volume = 50,000 units
Total cost:
= Fixed cost + Variable cost
= $500,000 + ($12.50 × 50,000)
= $1,125,000
Sales revenue:
= cost + profit
= $1,125,000 + $270,000
= $1,395,000
Selling price per unit:
= Sales revenue ÷ Number of units sold
= $1,395,000 ÷ 50,000
= $27.90 per unit.
