Answer:
Check the explanation
Explanation:
The above question is based on a non-linear programming model, to answer this question, there will be a need to determine the optimal order quantities of the three different Ferns with diverse values of annual demand, item cost as well as order cost objective of the non-linear programming model is to minimize the overall annual cost.
Step 1: Setup a spreadsheet on Excel, as shown in the first and second attached images below:
Note: The values of quantities of the three items is kept as 1 to for the calculations of total cost.
The Solver dialogue box will appear. Enter the decision variables, objective function and the constraints, as shown in the third attached image below:
There are monetary policy lags
<h3>What is monetary policy lags ?</h3>
The presence of temporal delays is one of the drawbacks of countercyclical monetary policy. The monetary authority must have time to recognise the need for action, take that action, and observe how that action affects economic activity. The time relationship between the resultant monetary series and the subsequent series of impacts of monetary operations is how Friedman defines "lag." He claims that economic circumstances are only affected by monetary measures after a "long and varied lag." Friedman makes a distinction between three fundamental lags: the administrative lag, the operation lag, and the recognition lag.
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Answer:
Please see explanation.
Explanation:
a) Jake can determine computer price > vacation price:
Unit of Account
(Money being the standardized unit to measure price of 2 goods)
(b) Jake has $1574 in checking account
Store of Value
(Money is "Stored" in his bank account which can be used later for any purpose)
(c) Jake writes check for $1299
Medium of exchange
(Money is used to be exchanged with the computer)
The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level is the Environmental and industry analysis.
<h3>
What is a business plan?</h3>
A business plan is a formal written document that outlines the objectives of the company, how those objectives will be attained, and when they will be accomplished. The nature of the company, background information on the organization, financial estimates for the organization, and the techniques the organization plans to use to meet the stated goals are also covered. This document functions as a road map (a plan) that gives the company direction when taken as a whole.
Written business plans are frequently necessary in order to apply for a bank loan or another type of financing. Using templates and guidance, like those offered by the Small Business Administration in the United States, can make it easier to create a business plan.
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