Answer:
The cheaper option would be Option 2.
Explanation:
Option 2 would be cheaper because you would take 300 x 1.33 and that would give you 399. 500 is greater than 399.
In a situation where Abby can purchase a secondary data to report for $500 or create primary data by surveying 300 people at a cost of $1.33 a person, the cost of primary data is cheaper than the secondary cost.
What is the significance of cost?Cost of goods or services can be referred to or considered as the cost derived by an individual in order to get access to such goods or services. The costs of different alternative can be compared to make a rational decision between two products.
From the given information, the cost of collecting and creating primary data for 300 people will be 300 × 1.33 = $400. If a rational decision is to be made, it can be concluded that primary data costs cheaper.
Therefore, the significance regarding cost of the primary data has been aforementioned.
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Type the correct answer in the box. Spell all words correctly.
Which type of facility layout groups similar machines together so that they carry out specific functions?
In the case of a (blank) layout, similar machines are grouped together to carry out specific functions.
Answer:
A process layout groups similar activities together according to the functions they perform.
Explanation:
Answer:
process
Explanation:
Plato/Edmentum
Skills are abilities that you naturally have.
True
False
Answer:
False
Explanation:
Skilles = the ability to do something well; expertise.
What is moral myopia? Why do you think an advertising professional might experience this phenomenon?
Answer: See Explanation
Explanation:
Moral myopia occurs when someone is unable to clearly see ethical issues. In this case, people decide not to say anything even though they see the unethical behavior of others.
An advertising professional might experience moral myopia in the sense that such person looks away when he or she sees an unethical act because of fear of losing his or her job and also because of fear of losing a customer.
Where would the equllbrillim price be located, and how much is the equllbrillim price?
ANSWER:
Hindi ko Kaya anong grade po ba iyan
Answers:
The equilibrium price is located at the intersection of the supply and demand curves.The equilibrium price is $8=============================================================
Explanation:
Visually, the two curves cross at (x,y) = (60,8) where x is the quantity and y is the price. This is known as the equilibrium.
In the third row of each table, we have the same pair of values $8 and 60 in that exact order. This leads to finding the equilibrium without using the graph.
Something like the first row wouldn't work because the first table shows $2 and 10, while the second table has that same row showing $12 and 10. There isn't a match.
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Extra info (optional section)
If the price is below equilibrium, then suppliers don't have much incentive to produce. This means they'll produce less. At the same time, demand will increase since price and quantity demanded go in opposite directions. Having more people demand for something that's in short supply is known as a shortage. Think of a bunch of people at a mall and there's a mad rush for one very rare item. If people really wanted that item, then they'll outbid each other to raise the price until it reaches some stable point. This idea is applied on a much larger scale.
If the price is above equilibrium, then suppliers will produce too much goods and demand will be lower. In this case, we have surplus and that will lower the cost of the goods eventually assuming there aren't external forces to keep the price afloat. The price will eventually drift down to equilibrium. An example could be that a store has too many coats and it's getting closer to the warmer spring weather, so they heavily discount the coats. Low demand on the large supply of coats lowers the price of those items.
As you can see, the equilibrium price is effectively a game of tug-of-war between the suppliers and consumers (those who demand and purchase a product). It's the middle ground, so to speak, between the two parties.