Answer:
Handpicking is more cost effective (at $12 per hour for 120 pounds).
Explanation:
Information given;
Handpicking yields 80 pounds per hour while
Mechanical pickers yield 120 pounds per hour
Wage rate of human pickers = $8 per hour
Mechanical picker rate = $15 per hour
For the human picker to pick 120 pounds,
Time required = 120/80
= 1.5 hours
If the human pickers are paid at $8 per hour
then wage to be paid in 1.5 hours = 1.5 × 8
= $12
From the above analysis, cost incurred on machine pickers for 120 pounds per hour is $15 while the cost incurred on human pickers is $12. Hence the human pickers are more cost effective.
Jared works in a clothing store and hears a customer complain about a damaged shirt he bought. What behavior can Jared show to demonstrate good communication skills with a client? o) prevent the customer from quickly explaining the store's return policy o b) return what they heard once the customer has finished talking c) ask the customer how the shirt was damaged d) promise the customer a full refund even though it is against the policy
A professional username is a username that sounds and looks business-like or in this case, professional.
Please mark me as brainliest. I need 4 more to level up.
Answer:
A. 3,789
B. 100%
C.5,000
Explanation:
(a) Total market ($'000) = 310 + 725 + 405 = 1,440
Firm 1 share = 310 / 1,440 x 100 = 21.53%
Firm 2 share = 725 / 1,440 x 100 = 50.35%
Firm 3 share = 405 / 1,440 x 100 = 28.12%
HHI = (21.53)2 + (50.35)2 + (28.12)2 = 3,789
(b) Since there are only 3 firms in market, therefore the four-firms concentration ratio will be 100% b
(c) Total revenue share of the two firms = (310 + 405) / 1440 x 100 = 49.65%
Post-merger HHI = (49.65)2 + (50.35)2 = 5,000
Yes. If the guideline considers any post-merger HHI above 1800 as highly concentrated market, this merger will be probably attempt to block a horizontal merger between two firms with sales.
The plan initiated by Sheng can be best categorized as a vision statement based on the plans he wants to implement in his business.
<h3>What is Vision Statement?</h3>
This refers to the statement which contains the goals and objectives of which an organization wants to achieve in a given time period.
With this in mind, we can see that Mr Sheng is making use of vision statement by the plans he is making on how to implement his business and also to hire a marketing team to establish his business.
Read more about vision statement here:
brainly.com/question/4269555