Answer:
E. All of the above
Explanation:
By using the decision making process, effective decision makers are able to do all of those things.
Competent decision-makers can anticipate the majority of outcomes or all of them. Execute action plans What resources are at their disposal all the options that are sensible for them. Thus, (E) all of the above is the appropriate response.
What do you know about implementation plan?The steps your team should take to complete a common objective or effort are outlined in an implementation plan, a document. An alternative to a strategic plan is implementation planning. The implementation plan is the step-by-step manual for executing the tactics that are outlined in the strategic plan to attain a certain goal.
Before starting the execution phase of a project, your team needs to be able to respond to the who, what, when, how, and why of the endeavor. This is the goal of an implementation plan. Simply said, your strategy becomes a list of particular activities through the action plan.
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A baseball team plays in a stadium that holds 54,000 spectators. With the ticket price at $10, the average attendance at recent games has been 21,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000.
(a) Find a function that models the revenue in terms of ticket price. (Let x represent the price of a ticket and R represent the revenue.) R(x) = _________
(b) Find the price that maximizes revenue from ticket sales. $______________
(c) What ticket price is so high that no revenue is generated? $___________
Answer:
a) R(x) = 51000 x - 3000 x²
b) When the Revenue is maximum, The price is $ 8.5
c) When No revenue is generated, The price of the ticket is $17
Explanation:
Given - A baseball team plays in a stadium that holds 54,000 spectators. With the ticket price at $10, the average attendance at recent games has been 21,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000.
To find - (a) Find a function that models the revenue in terms of ticket price.
(b) Find the price that maximizes revenue from ticket sales.
(c) What ticket price is so high that no revenue is generated?
Proof -
Let us assume that,
The price of a ticket = x
The revenue = R
Now,
a)
Total number of tickets sold , N = 21000 + 3000(10 - x)
= 21000 + 30000 - 3000 x
= 51000 - 3000 x
⇒Total number of tickets sold , N = 51000 - 3000 x
Now,
Revenue , R(x) = x * N
= x [ 51000 - 3000 x ]
= 51000 x - 3000 x²
⇒R(x) = 51000 x - 3000 x²
b)
For maximum Revenue,
Put [tex]\frac{dR(x)}{dx} = 0[/tex]
Now,
[tex]\frac{dR(x)}{dx}[/tex] = 51000 - 6000 x
⇒51000 - 6000 x = 0
⇒6000 x = 51000
⇒6x = 51
⇒x = [tex]\frac{51}{6}[/tex] = 8.5
∴ we get
When the Revenue is maximum, The price = $ 8.5
c)
If No Revenue is generated
⇒R(x) = 0
⇒51000 x - 3000 x² = 0
⇒1000 x ( 51 - 3 x ) = 0
⇒1000 x = 0, 51 - 3 x = 0
⇒x = 0, 3 x = 51
⇒x = 0, x = [tex]\frac{51}{3}[/tex]
⇒x = 0, x = 17
∴ we get
When No revenue is generated, The price of the ticket is $17
Differentiate between GVA at basic prices and expenditure on GDP at market price
Answer:
Explanation:However, GVA at basic prices will include production taxes and exclude production subsidies available on the commodity. On the other hand, GVA at factor cost includes no taxes and excludes no subsidies and GDP at market prices include both production and product taxes and excludes both production and product subsidies
What are the different career opportunities with being a environmental economist?
Answer:
Some of the important job roles that can be taken up by an Environmental Economist include Energy Economist, Ecological Economist, Agricultural Economist and Chief Economist.
Explanation:
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