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mart [117]
3 years ago
14

Define uncertainty. What are some of the basic causes of uncertainty in engineering economy studies?

Business
1 answer:
Marina86 [1]3 years ago
5 0

Answer:

A decision under uncertainty is a decisional problem.

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Brian, an industrial equipment sales rep, purchases a quick snack to eat on the way to work. He buys lunch while on the road vis
solniwko [45]

Answer:  Option A

 

Explanation: A convenience store might be part of a gas / petrol station, allowing consumers to easily buy goods and services when fueling their vehicles. It may be situated along a busy highway, in a metropolitan area, alongside a train or train station, or at another regional hub.

Generally convenience stores charge significantly higher prices than traditional grocery stores or supermarkets, as these wholesalers order limited stock amounts at higher per-unit prices. Convenience stores, however, compensate for this deficit by providing longer open hours, more locations and shorter cashier lines.

5 0
3 years ago
According to the Coase theorem, private parties can negotiate to an efficient solution in the presence of externalities if the _
gulaghasi [49]

Answer:

transaction costs is your answer

Explanation:

3 0
3 years ago
Over time, the average consumer will be better off from reduced trade barriers by ________.
AVprozaik [17]

Answer:

a. greater variety and lower prices

Explanation:

Due to the comparative advantages, countries can produce the product that they have proficiency. For example, if there are 2 countries, A and B. A have a  skill of producing tasty wine, they can produce better quality of wine than B with the lower cost. When the trade barriers are reduced, the wine from A will be sold in B, the customer will have more choices of wine in the market and the price will relatively less different comparing to the price when the high barriers exist.

6 0
3 years ago
you are saving $30 each month. you have a goal to accumulate $700 in savings. how long will it take you?
vredina [299]
<span>Goal = accumulate $700 in savings
</span><span>Saving = $30 a month
</span><span> To solve: Take the goal savings amount of $700 and divide the amount that is going into the savings monthly, $30 by it.
</span><span>$700/$30 = 23.33 months
</span><span>If sticking to a full month goal, it would take 24 months for the savings to be at $700. </span>
5 0
3 years ago
Read 2 more answers
Follow me for more points!!​
Hatshy [7]
Okayyy thank you so much
4 0
3 years ago
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