Answer:
The possible orders can the sales person use when visiting the cities are:
Explanation:
The number of orders in which sellers can visit seven cities can be calculated by identifying the number of possibilities, therefore it can be said:
<u>There are 7 cities to visit in the beginning, therefore that is the number of possibilities to visit in the first place</u> (after London of course), however, <u>for the second city to visit there are no longer the seven initial options but reduce by one, and so on by continuing to select cities until at the end there is only one option to choose</u>, therefore the number of possible orders would be calculated:
- 7 * 6 * 5 * 4 * 3 * 2 * 1 = <u>5040</u>
This result can also be calculated using the factorial (!) Which is the number of ways in which a certain number of objects can be organized, which would have:
Answer:
D. regulation eventually favors producers over consumers because the producers have more at stake than individual consumers.
Explanation:
Regulatory capture is an economic theory that says regulatory agencies may come to be dominated by the industries or interests they are charged with regulating.
Answer:
d. the break-even point depends upon the proportion of sales generated by each of the products.
Explanation:
Breakeven analysis is the method used to determine the number of units a firm must sell at a specific price to cover all costs. It is a concept that allow business owners or financial experts to determine and know what they need to sell either on a monthly or annual (yearly) basis, in order to be able to cover the costs of doing the business.
Basically, it helps us to determine the amount of revenue required for the smooth operation of a business, amount of money needed to cover both fixed and variable costs. Using the breakeven analysis, production costs can be categorized as;
1. Variable costs: these are costs that usually change with respect to changes in the level of production or output. Examples are direct labor, maintenance of equipment or machines, raw materials costs etc.
2. Fixed costs: these are the costs which are not directly related to the level of production or not affected by the quantity of output in an organization. Examples are rent, depreciation, administrative cost, research and development costs, marketing costs etc.
Break-even analysis can be used by a firm that produces more than one product, but the break-even point depends upon the proportion of sales generated by each of the products.
Answer:Yes,he prefers a Hyundai to a Honda
Explanation:from the description of his taste and preferences,he think Hyundai sonata is at least as good as Mazda3,meaning Hyundai is equal or better than Mazda3 while Mazda is equal or greater than a Honda.
So his preferences in order is
1Hyundai sonata
2Mazda3
3Honda Civic