At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of imperfect price discrimination, which increases producer surplus.
In the field of business, price discrimination can be described as a value or cost of a product that is changed by the producer based on his terms or understandings. An imperfect price discrimination can occur if a producer lowers the price of a product on the condition that the consumer buys more or a fixed number of product rather than purchasing just one.
A producer surplus can be described as the profit that is gained by the producer after selling a product. If through imperfect price discrimination, more products are sold, then the producer surplus will increase.
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10 POINTS PLEASE HELP ASAP
What kind of product should a country produce to obtain the maximum gains from trade?
A.
Products that have the lowest opportunity cost of production.
B.
Products that have the highest opportunity cost of production.
C.
Products that need to be produced using the most expensive resources.
D.
Products that can be produced with a minimum number of resources.
Answer:
I wanna say D
Explanation:
hope that helps
The products that can be produced with a minimum number of resources a country should produce to obtain the maximum gains from trade. Thus option (D) is correct.
What is Trade?Trade refers to the voluntary exchange of goods or services between economic actors. Since transactions are consensual, trade is generally considered to benefit both parties.
In finance, trading refers to purchasing and selling securities or other assets. In international trade, the comparative advantage theory states that trade benefits all parties.
Most classical economists advocate for free trade, but some development economists believe protectionism has advantages. In macroeconomics, trade usually refers to international trade, the system of exports and imports that connects the global economy.
A product sold to the global market is an export, and a product bought from the global market is an import. Exports can account for a significant source of wealth for well-connected economies.
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On February 2, 2016, an investor held some Province of Ontario stripped coupons in a selfadministered RRSP at ScotiaMcLeod, an investment dealer. Each coupon represented a promise to pay $100 at the maturity date on January 13, 2022, but the investor would receive nothing until then. The value of the coupon showed as $76.04 on the investor's screen. This means that the investor was giving up $76.04 on February 2, 2016, in exchange for $100 to be received just less than six years later. a. Based upon the $76.04 price, what rate was the yield on the Province of Ontario bond? b. Suppose that on February 2, 2017, the security's price was $81.00. If an investor had purchased it for $76.04 a year earlier and sold it on this day, what annual rate of return would she have earned? c. If an investor had purchased the security at market on February 2, 2017, and held it until it matured, what annual rate of return would she have earned?
Based upon the $76.04 price, the yield on the Province of Ontario bond was 2.114% annually. The formula : yield = (face value – purchase price) / purchase price × (365 / days until maturity)
This can be calculated using the following formula : yield = (face value – purchase price) / purchase price × (365 / days until maturity)
yield = ($100 - $76.04) / $76.04 × (365 / 2,192)
yield = 0.02114 or 2.114%b) Using the security's price of $81.00 on February 2, 2017, an investor who had purchased it for $76.04 a year earlier and sold it on this day would have earned an annual rate of return of 6.60%.
This can be calculated using the following formula: rate of return = (sale price - purchase price) / purchase price × (365 / days held)rate of return = ($81.00 - $76.04) / $76.04 × (365 / 365)
rate of return = 0.0660 or 6.60%c) An investor who had purchased the security at market on February 2, 2017, and held it until it matured would have earned an annual rate of return of 2.46%.
This can be calculated using the following formula: rate of return = (face value – purchase price) / purchase price × (365 / days held)
rate of return = ($100 - $81.00) / $81.00 × (365 / 1,826)
rate of return = 0.0246 or 2.46%.
Therefore, the answers are: a) The yield on the Province of Ontario bond was 2.114% annually. b) An annual rate of return of 6.60% would have been earned. c) An annual rate of return of 2.46% would have been earned.
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should you feel bad about quitting your job for more money when you like your job
How responsible should sport/event organizations, celebrities, and athletes be for keeping their various publics happy? We know that good publicity boosts goodwill and profits. But, should individuals have to keep their personal beliefs private so they won’t offend anyone? For example, some musicians may highlight their political views on stage at their concerts. Or, an athlete may make comments in an interview that could offend certain groups. Perhaps he’s an avid hunter, a hobby that some animal rights activists would certainly not support. What do you think? Where should celebrities and athletes draw the line between building fan support and being true to themselves?
Answer:
I dont really know
Explanation:
FILL IN THE BLANK. when we change the way a service or product is developed, made or distributed, we are invloved in ______ innovation
When we change the way a service or product is developed, made or distributed, we are involved in process innovation. This type of innovation involves making improvements to the processes and methods used to create and deliver products or services, resulting in increased efficiency, cost savings, and improved customer satisfaction.
However, it's important to note that process innovation can be a long answer and ongoing process, requiring continuous improvement and adaptation to changing market conditions and customer needs.
The blank should be filled with the term "process." So, the complete sentence would be: When we change the way a service or product is developed, made, or distributed, we are involved in process innovation.
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While Hannah attends college, she works part-time for a cutlery company. Using her personal connections and network of friends, she offers consumers face-to-
face presentations in their homes. This is an example of
Multiple Choice
Using her personal connections and network of friends, she offers consumers face-to-face presentations in their homes. This is an example of Direct selling.
Direct selling refers to the sale of products or services directly to consumers without the use of intermediaries like retail stores or wholesalers. It is a popular business model that has been used for decades and is often associated with home-based businesses and network marketing.
Direct selling companies typically offer their products through independent salespeople or distributors, who are responsible for promoting and selling the products to their network of customers. These distributors often earn commissions on their sales and can also build their own teams of distributors, earning additional commissions on their team's sales.
Direct selling can be a flexible and lucrative way to earn income, but it also requires hard work and dedication.
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The financial markets are a relatively new technological development created in the last 50 years.
Answer:
False
Explanation:
Wall Street, which is one of the most famous financial markets in the US was established in 1792. In Europe, financial markets exist since the middle ages. Modern banking started in Italy in the 12th century.
Telecommunications improved how financial markets work during the 20th century and expanded their reach, but they are almost 900 years old.
which departments they belong to
1- (information desk in the airport) and
2- (Apron control center) ?
The information desk in the airport typically belongs to the Customer Service department. The Apron Control Center is typically part of the Operations department or the Airside Operations department.
The information desk is responsible for assisting passengers with inquiries, providing directions, offering flight information, and addressing various customer needs. The staff at the information desk often handle tasks related to flight schedules, gate assignments, baggage inquiries, and general airport information. They play a crucial role in ensuring a smooth travel experience for passengers by providing accurate and helpful information.
The Apron Control Center is responsible for managing the apron area of the airport, which is the section where aircraft are parked, loaded, and unloaded. It involves coordinating activities such as aircraft parking, taxiing, pushback, and monitoring ground operations on the apron. The Apron Control Center works closely with various stakeholders, including ground handling services, airlines, and air traffic control, to ensure efficient and safe aircraft movements on the apron. Their primary focus is to maintain smooth operations and ensure compliance with safety regulations in the apron area.
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5.
An efficient economy is one that
Ouses its resources to make the most goods and services.
Ohas very few people who do not work for a living.
Omake it possible to increase an economy's output.
Omakes the best use of all its goods and services.
I
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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based on the production function data, the marginal product of the fifth worker is __, and average product is ____ when five workers are hired.
a. 14; 12
b. 12; 14
c. 12; 9.6
d. 14; 9.6
The marginal product of the fifth worker is 12, and the average product is 9.6 when five workers are hired.
The correct option is c. 12; 9.6
The marginal product of labor refers to the additional output produced by adding one more unit of labor to the production process. It is calculated by taking the difference in total output when one more worker is added. In this case, the marginal product of the fifth worker is 12, which means that the fifth worker contributes an additional output of 12 units.
The average product of labor, on the other hand, is the total output divided by the number of workers employed. It indicates the average amount of output each worker is producing. When five workers are hired, the average product is calculated to be 9.6, which means that each worker, on average, is producing 9.6 units of output.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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What are three ways to discover how to involved in your chosen career field
Answer:
Research industry information. ...
Find out about professional associations. ...
Research career options using LinkedIn.
in general equilibrium analysis and taking into account feedback effects, analyze the effects of increased taxes on airline tickets to major tourist destinations such as
The increase in taxes on air tickets to tourist destinations can have both positive and negative impacts on the overall economy.
On one hand, the increased tax revenues can be used to fund infrastructure projects, create jobs, and stimulate economic growth. On the other hand, the increased taxes may lead to higher airfares, resulting in fewer people taking trips or holidays and thus lead to a decline in spending on associated goods and services, like restaurants, shopping, and activities.
Furthermore, the increased taxes could lead to an increase in competition among airlines as they attempt to keep their prices competitive and thus further dampen the economic impact. In such a situation, a general equilibrium analysis would determine the overall economic impact of the taxation increase by combining the positive and negative impacts to determine the long-term outcomes. This could include positive impacts such as job creation and infrastructure improvements or negative consequences such as decreased spending on trips and leisure.
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The Question-
in general equilibrium analysis and taking into account feedback effects, analyze the effects of increased taxes on airline tickets to major tourist destinations such as?
Carlos Ramirez and Camila Garza organized New World Book Store as a corporation; the following contributed $ 80,000 cash to start the business and received 4,000 shares of common stock. The store completed its first year of operations on December 31 , current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $ 75,600 ; December 31, current year, amounts due from customers from sales of books, $ 39,000 ; unused portion of store and office equipment, $ 73,000 ; December 31, current year, amounts owed to publishers for books purchased, $ 12,000 ; one-year note payable to a local bank for $ 3,000 . No dividends were declared or paid to the stockholders during the year. Required:
(b) What was the amount of net income for the year? (Hint: Use the retained earnings equation [Beginning Retained Earnings + Net Income - Dividends = Ending Retained Earnings] to solve for net income.)
For the given information, the amount of net income for the year is $172,600.
Beginning Retained Earnings + Net Income - Dividends = Ending Retained Earnings
as no dividends are paid,
Beginning Retained Earnings + Net Income = Ending Retained Earnings
Ending Retained Earnings is determined as the total of cash on hand and in the bank ($75,600), amounts owed by clients ($39,000), and the unused portion of the store's and office's equipment ($73,000), less the sums owed to book publishers for the books that were bought ($12,000) and the one-year note due to the neighborhood bank ($3,000).
Ending Retained Earnings = $75,600 + $39,000 + $73,000 - $12,000 - $3,000
Ending Retained Earnings = $172,600
0 + Net Income = $172,600
Net Income = $172,600
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Brainliest-
How any two stakeholders affect the quality of toyota's products?
Answer:
The company's brand value, human resource skills, and financial soundness are all influenced by these stakeholders. It affects toyota's quality products to be either better or worse.
How does the circular flow model represent the interactions between households and firms?
The interplay between two sets of economic decision-makers—households and businesses—as well as two different categories of economic markets—the market for commodities and the market for products and services—is depicted by the circular flow model.
The approach demonstrates how businesses and households can benefit from each other.
What three categories of economic decisions are there?Economic decisions affect the production, trade, distribution, consumption, saving, and investment of economic resources. The objectives of individuals, private organizations, and society at large are served by economic decisions.
Free market, command, and mixed economies are the three primary types. Command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course. All national economic decisions are made by the state's central authority.
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Describe one downside to borrowing the maximum allowed amount of federal student loans.
The one downside to borrowing the maximum allowed amount of federal student loans is: you must repay back the loan.
What is federal student loans?Federal student loans can be defined as the loan given to college students so as to enables them pay for their tuition fees among others.
One of the disadvantage of downside of collecting this loan is that the student must repay back the loan amount given to them even if the student did not graduate from the college.
Therefore the downside of borrowing huge sum is that you must pay it back.
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Define the term job and ways in which grade 12 learners could consider finding a job
A job is a paid position of regular employment that entails carrying out a particular set of responsibilities.
There are three options for students in grade 12 to think about when looking for employment:
In order to find out about job options, students in grade 12 should think about networking with people they know, such as their family, friends, teachers, and neighbours. They might learn about unlisted job openings if they let folks know they're looking for work.
Websites for job searches: Learners can locate job ads for numerous industries on a variety of online job search websites. Learners can use these websites to look for jobs according on their region, abilities, and qualifications.
Job fairs: Going to a career fair can be a fantastic method for students in Grade 12 to network with possible employers and discover new professions. Also, job fairs give students a chance to network with others.
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An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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The syrup is sold in small bottles and is prized as a flavoring for drinks and for use in desserts. The bottles are sold for $12 each. The first stage in the production process is carried out in the Mixing Department, which removes foreign matter from the raw materials and mixes them in the proper proportions in large vats. The company uses the weighted-average method in its process costing system. A hastily prepared report for the Mixing Department for April appears below: Units to be accounted for: Work in process, April 1 (materials 90% complete; conversion 80% complete) 30,000 Started into production 200,000 Total units to be accounted for 230,000 Units accounted for as follows: Transferred to next department 190,000 Work in process, April 30 (materials 75% complete; conversion 60% complete).. 40,000 Total units accounted for 230,000 Cost Reconciliation Cost to be accounted for: Work in process, April 1 $ 98,000 827,000 Cost added during the month. Total cost to be accounted for $925,000 Cost accounted for as follows: Work in process, April 30. Transferred to next department. $119,400 805,600 $925.000 Total cost accounted for.. Management would like some additional information about Cooperative San José's operations. Required: 1. What were the Mixing Department's equivalent units of production for materials and conver- sion for April? 2. What were the Mixing Department's cost per equivalent unit for materials and conversion for April? The beginning inventory consisted of the following costs: materials, $67.800; and con- version cost, $30,200. The costs added during the month consisted of: materials, $579,000; and conversion cost, $248,000. 3. How many of the units transferred out of the Mixing Department in April were started and completed during that month? 4. The manager of the Mixing Department stated, "Materials prices jumped from about $2.50 per unit in March to $3 per unit in April, but due to good cost control I was able to hold our materials cost to less than $3 per unit for the month." Should this manager be rewarded for good cost control? Explain.
The manager should not be rewarded for good cost control. Despite the claim of holding materials cost to less than $3 per unit, further analysis is needed to determine the accuracy of this statement.
In order to evaluate the manager's cost control, we need to calculate the cost per equivalent unit for materials. The total materials cost incurred during the month was $579,000, and the equivalent units of production for materials were 230,000. Therefore, the cost per equivalent unit for materials is $2.52 ($579,000 / 230,000). This indicates that the actual cost per unit is slightly higher than the claimed cost of less than $3 per unit.
Furthermore, it is important to consider the impact of the beginning inventory and the costs added during the month on the cost per unit. The beginning inventory cost of materials was $67,800, and the costs added during the month were $579,000. Since the manager claims to have held the materials cost to less than $3 per unit, it implies that the total units accounted for (230,000 units) should have a lower total cost than $690,800 ($67,800 + $579,000). However, the total cost accounted for is $925,000, which is significantly higher.
Based on these calculations, it is evident that the manager's claim of holding materials cost to less than $3 per unit is not accurate. Therefore, rewarding the manager for good cost control would be inappropriate.
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What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
A.Education
B.Energy
C.Time
D.Money
Answer:
I think it would be education
Explanation:
Answer: A. Education
Explanation:
TRUE / FALSE. Based on the example from class, if society agrees to reduce pollution by 30%. From the perspective of all firms jointly, the most equitable (fair) method of meeting this targeted reduction is to require all polluting firms to reduce emissions by the same % amount. True O False Question 51 2 pts Based on the example from class, if society agrees to reduce pollution by 30%. From the perspective of all firms jointly, the most efficient method of meeting this targeted reduction is to require all polluting firms to reduce emissions by the same % amount. True False
True. From the perspective of all firms jointly, requiring all polluting firms to reduce emissions by the same percentage amount to meet a targeted pollution reduction is fair but not necessarily the most efficient method.
The statement that requiring all polluting firms to reduce emissions by the same percentage amount is the most equitable (fair) method of meeting a targeted pollution reduction is true. This approach ensures that the burden of reducing pollution is distributed equally among all firms, without any particular firm being unfairly burdened or advantaged.
Requiring all firms to reduce emissions by the same percentage may lead to inefficiencies if some firms have higher marginal costs compared to others. It is more efficient to allocate pollution reduction efforts based on the relative costs among firms, such that firms with lower costs of reducing emissions bear a larger share of the reduction burden.
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Explain the influence of the internation and local business contexts on the practice
of public relations.
The practice of public relations is greatly influenced by both the international and local business contexts.
In the international business context, public relations professionals must be aware of cultural differences and adapt their strategies accordingly. This involves understanding the norms and values of different countries and regions, as well as being able to communicate effectively with stakeholders who may speak different languages or have different communication preferences. Additionally, international businesses often face unique challenges such as dealing with political instability, economic fluctuations, and varying legal systems.
On the other hand, the local business context also plays a significant role in shaping public relations practices. In local business environments, public relations professionals need to understand the needs and expectations of the local community. They must be able to communicate effectively with local stakeholders and build relationships based on trust and transparency. This often involves engaging with local media, sponsoring community events, and collaborating with local organizations to build a positive reputation.
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when is subsidy necessary in comodity supply
Answer:
A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.
Explanation:
July company currently outsources a relay switch that is a component in one of its products. The switches cost $20 each. The company is considering making the switches internally at the following projected annual production costs: unit-level material cost $ 3 unit-level labor cost $ 2 unit-level overhead $ 1 batch-level set-up cost (5,000 units per batch) $ 25,000 product-level supervisory salaries $ 37,500 allocated facility-level costs $ 20,000 the company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space currently being leased to another company for $1,500 a month. Moreover the company would need to hire an additional supervisor. If the company decides to make the parts, total costs will be: a. $27,000 less than if the switches are purchased. B. $20,000 less than if the switches are purchased. C. $10,500 more than if the switches are purchased. D. $30,500 more than if the switches are purchased.
The total costs if the company decides to make the parts, given the cost of making the part versus purchasing it, will be C. $10,500 more than if the switches are purchased.
What are the costs of purchasing v. buying ?The cost of purchasing to July company would be :
= Number of switches x Cost of each switch
= 5, 000 x 20
= $ 100, 000
The cost to make the switches would be :
= Material cost + Labor cost + Overhead cost + Set up costs + Supervisor salary + Rent lost
= ( ( 3 + 2 + 1 ) x 5, 000 units ) + 25, 000 + 37, 500 + ( 1, 500 x 12 )
= $ 110, 500
Difference in cost :
= 110, 500 - 100, 000
= $ 10, 500
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In two to three entence, decribe how you would inert a table into a word-proceing document
The process is to click Paste on the toolbar. Click Table. Select one of the available options according to your preference.
Tables are used to organize data that is too detailed or too complex to be adequately explained in the text allowing the reader to quickly see the results. You can use these to highlight trends and patterns in your data, and remove numeric data from text to make your manuscript easier to read.
Properly crafted tables allow researchers to present information about tens or hundreds of people in an efficient and visually appealing manner, making results easier to understand and generate. information is more attractive to users. It helps to arrange the data in an orderly manner. Tables facilitate comparisons between different data classes. It helps you easily understand your data.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
A car rental agency in a major city has a total of 2800 cars that it rents from three locations: Metropolis Airport, downtown, and the smaller City Airport. Some weekly rental and return patterns are shown in the table (note that Airport means Metropolis Airport).
Rented from
Returned to AP DT CA
Airport (AP) 90% 10% 10%
Downtown (DT) 5% 80% 5%
At the beginning of a week, how many cars should be at each location so that the same number of cars will be there at the end of the week (and hence at the start of the next week)?
To determine the number of cars that should be at each location at the beginning of the week so that the same number of cars will be there at the end of the week, we need to analyze the rental and return patterns.
Let's denote the number of cars at each location at the beginning of the week as follows:
- AP: Number of cars at Metropolis Airport
- DT: Number of cars at downtown
- CA: Number of cars at City Airport
According to the rental and return patterns given in the table, we can set up the following equations:
For Metropolis Airport (AP):
AP = 0.9 * AP + 0.05 * DT + 0.1 * CA
For downtown (DT):
DT = 0.1 * AP + 0.8 * DT + 0.05 * CA
For City Airport (CA):
CA = 0.1 * AP + 0.05 * DT + 0.9 * CA
Simplifying these equations, we can rewrite them as:
0.1 * AP - 0.05 * DT - 0.1 * CA = 0 (Equation 1)
-0.1 * AP + 0.2 * DT - 0.05 * CA = 0 (Equation 2)
0.1 * AP - 0.05 * DT + 0.1 * CA = 0 (Equation 3)
We can solve this system of equations to find the values of AP, DT, and CA.
By solving the equations, we find that the solution is not unique, and there are multiple possible configurations of cars at each location that will result in the same number of cars at the end of the week.
For example, one possible solution is:
AP = 1000
DT = 1000
CA = 800
This means that at the beginning of the week, there should be 1000 cars at Metropolis Airport, 1000 cars downtown, and 800 cars at City Airport to ensure the same number of cars at each location at the end of the week.
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________________ is used during the early stages of the product life cycle. Because the product is new, the focus is on explaining the benefits of the product class, and not on promoting the specific brand. ________________ is used during the early stages of the product life cycle. Because the product is new, the focus is on explaining the benefits of the product class, and not on promoting the specific brand. Company advertising Institutional advertising Pioneering advertising Advocacy advertising
Answer:
Pioneering Advertising
Explanation:
Pioneering advertising is the advertising campaign of the new product that should compete the single product by having a developed market place. The motive of this type of advertising is that to inform the consumers with respect to the arrival of the new innovation in the product along with the description of its benefits
So according to the given situation it represents the pioneering advertising