suppose the city council passes an ordinance placing a price ceiling of $1,200 on apartment rentals. how much of a shortage will this lead to? 500 apartments

It will take 8.37 years for a $300 investment to be worth $400 when continuously compounded at 8% per year.

To calculate this, use the formula A = P(1+r/n)^nt, where A is the amount after the time period, P is the principal investment, r is the interest rate, n is the number of times compounded per year, and t is the number of years. In this case, A is $400, P is $300, r is 8%, n is 1 (continuously compounded), and t is the number of years. Plugging these values into the formula gives 8.37 years.

This can also be solved using the rule of 72, which states that the time required to double your money at a given rate is approximately equal to 72 divided by the interest rate. In this case, 72 divided by 8 is equal to 9, meaning it will take about 9 years for the investment to double. Therefore, it will take 8.37 years for the investment to increase from $300 to $400.

To know more about investment click on below link:

brainly.com/question/15105766#

#SPJ11

A movement along the supply curve, caused by a change in the price of a good or service, is known as a change in quantity supplied.

When the price of a good or service changes, it has an impact on the willingness of producers to supply that good or service. Supply refers to the amount of a good or service that producers are willing and able to produce and sell at a given price. The supply curve represents the relationship between the price of a good or service and the quantity supplied. When the price of a good or service increases, producers are more willing to supply that good or service, resulting in an increase in the quantity supplied. Conversely, when the price of a good or service decreases, producers are less willing to supply that good or service, resulting in a decrease in the quantity supplied.

A change in the price of a good or service only affects the quantity supplied, not the supply curve itself. A shift in the supply curve is caused by factors such as changes in technology, input costs, or government policies that affect the production of the good or service. A shift in the supply curve results in a change in the quantity supplied at every price point, whereas a change in the price of a good or service only affects the quantity supplied at a specific price point.

For more questions on supply curve

https://brainly.com/question/11717727

#SPJ11

False. The Internal Revenue Service (IRS) does know how much you have earned, working as an employee, even if you do not file your taxes.

The IRS is able to track income earned by individuals through their W-2s, 1099s, and other documents. These documents are sent to the IRS by your employers and other entities who paid you wages or other forms of income, such as investments, so the IRS is aware of your income even if you don’t report it. Furthermore, employers are required to send copies of these documents to the IRS, even if you don’t file your taxes. Additionally, the IRS may also obtain information about your wages and other income from third-party sources, such as banks and brokerage firms, which are required to provide that information to the IRS.

If you do not file your taxes, you may be subject to penalties, including late payment and failure-to-file penalties. Additionally, the IRS can also file a substitute return on your behalf and assess any taxes and penalties due. To avoid any potential penalties, it is important to always file your taxes timely and accurately.

To know more about Revenue service  click on below link :

https://brainly.com/question/13476001#

#SPJ11

If each effect costs 2 million dollars, and the annualized cost of capital is 18% of the capital, the optimal number of effects to use is 3.78 effects.

The annualized cost is a technique used to calculate the cost of capital, taking into account the cost of equity and debt capital. To calculate the optimal number of effects, the following formula is used:

Optimal Number = Annualized Cost of Capital / Effect Costs

                            = 18%/ $2 million

                            = 0.18 / 2

                            = 0.09

Thus, the optimal number of effects to use is 3.78 effects, which is the result of dividing 0.09 into 1 (1 / 0.09 = 3.78).

Therefore, the optimal number of effects to use is 3.78 effects if each effect costs 2 million dollars, and the annualized cost of capital is 18% of the capital.

Learn more about the Cost of Capital at https://brainly.com/question/27159534

#SPJ11

Economies of scale are created by greater efficiency of capital and by increased specialization of labor. The Option D is correct.

Economies of scale are cost advantages that can arise when a company expands its production scale and becomes more efficient, resulting in a lower cost-per-unit. This is due to the fact that the cost of production (including fixed and variable costs) is spread across a greater number of units of production.

Economies of scale occur when a company's production increases in such a way that per-unit costs are reduced. Internal economies of scale can arise as a result of technological advancements, managerial efficiency, financial capability, monopoly power, or access to large networks.

Read more about Economies of scale

brainly.com/question/28026986

#SPJ1

The typical sources for gathering factual data for informal reports are electronic resources and interviews. Both options are correct.

An informal report is a document that summarizes the findings or results of an investigation or research. It's less structured and formal than a formal report, and it's typically used for internal communication, such as between team members or departments.

It can also be used for external communication, such as communicating with clients or customers. It's a flexible type of document that can take many different forms depending on the intended audience and purpose.

Electronic resources are a valuable tool for conducting research and gathering information for informal reports. They may include online databases, journals, websites, and other electronic sources of information. The internet is a vast source of information and it can provide quick access to the required data for your report.

Interviews are another useful source of factual data for informal reports. They involve speaking with someone who has knowledge of the subject matter and can provide insights and perspectives that may not be found through other means.

Therefore both options electronic resources and interviews are correct.

Learn more about interviews here:

https://brainly.com/question/3752408

#SPJ11

The bond equivalent and effective annual yield to maturity of the bond with par value $1,000, a 25-year maturity, and a coupon rate of 8% can be found using the following formula:

Bond Equivalent Yield to Maturity = [(2 x Coupon Rate) / (Par Value - Bond Price)] x 100

Effective Annual Yield to Maturity = (1 + (Bond Equivalent Yield/2))2 - 1

In this case, the Bond Equivalent Yield to Maturity = [(2 x 8%) / (1,000 - 960)] x 100 = 8.33%

The Effective Annual Yield to Maturity = (1 + (8.33%/2))2 - 1 = 8.53%

Step-by-Step Explanation:

1. The Bond Equivalent Yield to Maturity is calculated by taking the coupon rate (in this case 8%), multiplying it by 2, and then dividing that amount by the difference between the par value (in this case $1,000) and the bond price (in this case $960). The result is then multiplied by 100.

2. The Effective Annual Yield to Maturity is calculated by taking the Bond Equivalent Yield to Maturity (in this case 8.33%), dividing it by 2, adding 1, and then squaring the result.

3. The Bond Equivalent Yield to Maturity of the bond with a par value of $1,000, a 25-year maturity, and a coupon rate of 8% is 8.33%. The Effective Annual Yield to Maturity is 8.53%.

To know more about bond equivalent here

https://brainly.com/question/14644574

#SPJ11

The policy presented is known as an infant industry policy. This is a protectionist measure used to shield a native industry from import competition while it grows and learns to withstand it.

This approach is based on the notion that the local market is like a baby that requires nursing and protection in order to develop and become robust enough to compete with international competitors. Measures like tariffs, import restrictions, subsidies, and other types of government assistance may be part of the temporary protection. The goal is to give domestic business a chance to establish itself on the market and eventually grow competitive enough to endure without government support. Yet detractors contend that such measures may result in inefficiency, a lack of innovation, and higher expenses.

learn more about policy  here:

https://brainly.com/question/28024313

#SPJ4

The buying and selling of goods and services that is hidden from the government in order to avoid taxes and/or regulation is known as the B: underground economy.

The underground economy is a term used to describe economic activities that take place outside of government regulation and oversight, and are thus not reported to tax authorities or included in official economic statistics. Examples of underground economic activities include cash-in-hand work, undeclared earnings from self-employment, and the sale of goods and services in unregulated markets.

The underground economy can have negative effects on government revenues, economic growth, and fairness in the distribution of wealth and income. It is a challenge for policymakers and tax authorities to accurately estimate the size and impact of the underground economy, and to design effective measures to combat it.

You can learn more about underground economy at

https://brainly.com/question/13605639

#SPJ11

True. The statement "when conducting net present value (NPV) analysis in a for-profit corporation, the focus is on incremental cash flow; therefore, depreciation can be totally ignored because it is a non-cash expense" is true.

However, to be more precise, while depreciation is considered in the net income calculation, it is not included in the calculation of cash flows. As a result, since NPV analysis focuses on cash flows, it is unaffected by depreciation. Depreciation is a non-cash expenditure that is deducted from revenue to calculate net income.

As a result, when calculating the cash flows associated with an investment, depreciation is not included. A net present value (NPV) analysis entails determining the current value of all future cash flows and comparing it to the initial investment in a project. In order for a project to be approved, the NPV must be greater than zero. Since NPV analysis only takes into account cash flows and not non-cash expenditures like depreciation, it is unaffected by it.

For more about net present value:

https://brainly.com/question/29669538

#SPJ11

A human resource manager's particular career path will depend on their unique abilities, interests, and professional objectives.

Recruiting managers, payroll managers, staffing managers, administrators, or human resources managers are among the professional positions that HR assistants frequently advance into. The two main career paths available to HR professionals are generalist and specialist. Human resources generalists frequently carry out a wide range of tasks.

The capacity to research and identify fresh approaches to managing people and their concerns is one of the most crucial HR abilities required. A pathfinder, problem solver, philosopher, leader, friend, identifier, and competency builder for everyone in an organisation are just a few other HR abilities.

To know more about interests visit:-

https://brainly.com/question/29480777

#SPJ1

the federal reserve decreases the federal funds rate by changing the interest on reserve balances rate.

Interest on reserve balances is the essential tool the Fed uses to change the government support rate.

The government supports rate is the target interest rate set by the FOMC.

This is the rate at which business banks acquire and loan their overabundance reserves to one another short term.

The FOMC sets a target government supports rate eight times each year, given winning financial circumstances.

The government finances rate can impact momentary rates on consumer advances and Mastercards.

Investors look out on the government subsidizes rate too on the grounds that it affects the stock market.

to know more about interest rates click here:

https://brainly.com/question/29451175

#SPJ4

Monte Carlo Analysis is a simulation technique that is used to determine which risks have the most powerful impact on the project, with results displayed in the form of a tornado diagram. Monte Carlo Analysis is used to estimate the probability of potential project outcomes.

This is done by creating models that contain input variables, such as project costs, durations, and technical performance, and output variables, such as project completion dates and overall project costs.

The simulation model then evaluates the relationships between the input and output variables, resulting in a range of potential project outcomes.

Monte Carlo Analysis can be used to identify the most critical risks to the project by identifying the risk factors that have the greatest effect on the overall outcome of the project.The results of Monte Carlo Analysis can be displayed in the form of a tornado diagram.

The tornado diagram is a visual representation of the impact that each risk factor has on the overall project outcome. The most critical risks are displayed at the top of the diagram, while less important risks are displayed lower down.In conclusion, Monte Carlo Analysis is a powerful tool for identifying and evaluating project risks.

By using this technique, project managers can identify the most critical risks to the project and develop effective risk management strategies to mitigate these risks.
The quantitative risk analysis technique used to determine which risks have the most significant impact on a project, with results displayed in a tornado diagram, is called a Sensitivity Analysis.

This technique examines the effect of varying one risk factor at a time while keeping the others constant, allowing project managers to identify the most critical risks that can greatly influence the project outcomes.

The diagram resembles a tornado, with the widest part representing the most influential risk and the narrowest part representing the least influential risk. This provides a clear and easy-to-understand depiction of the most critical risks that need to be addressed to ensure project success.

While Simulation Techniques such as Monte Carlo Analysis are also used in quantitative risk analysis, they differ from Sensitivity Analysis.

Monte Carlo Analysis uses a mathematical model to simulate multiple scenarios with different combinations of risk factors, providing a probability distribution for the project outcomes.

It provides valuable information about the overall risk exposure, it does not specifically identify the most powerful risks in the form of a tornado diagram.

For search more questions on simulation technique

https://brainly.com/question/29538650

#SPJ11

The quantitative risk analysis technique that is used to determine which risks have the most powerful impact on the project, with results displayed in the form of a tornado diagram, is simulation techniques such as Monte Carlo Analysis. This technique involves creating a mathematical model that represents the project and its associated risks, and then running thousands of simulations to determine the likelihood of different outcomes.

During these simulations, the Monte Carlo Analysis technique considers different scenarios and variables to determine the probability of each risk event occurring, and the impact it would have on the project. This technique also enables project managers to calculate the expected value of the project's outcome, as well as the potential range of outcomes and associated risks.

The results of the Monte Carlo Analysis are displayed in the form of a tornado diagram, which ranks the risks in order of importance based on their impact on the project's outcome. This enables project managers to focus their risk management efforts on the most critical risks and develop appropriate risk response plans to mitigate them.

to learn more about: quantitative risk

https://brainly.com/question/28903060

#SPJ11

Andy Pforzheimer likely expects the executive chef to excel at the technical skills related to food preparation, food production and costing, inventory control, menu design, and sanitation.

The executive chef should excel at various technical skills related to food preparation, such as knife skills, temperature control, seasoning, presentation, and food safety. Additionally, the executive chef should possess knowledge of food production and costing, inventory control, menu design, and sanitation.

Knife skills involve the ability to properly and safely use knives for various tasks such as chopping, dicing, mincing, slicing, and julienning. Temperature control is the ability to consistently produce dishes at the desired temperature. Seasoning is the ability to add the correct amount of seasonings and herbs to enhance the flavor of the dish. Presentation is the ability to arrange and present food in an attractive manner. Food safety is an understanding of proper food handling techniques to reduce the risk of food-borne illness.

Food production and costing involves an understanding of the time and cost involved in food production, while inventory control is the ability to maintain accurate records of food inventory and use. Menu design involves creativity and understanding of customer preferences. Finally, sanitation is the practice of ensuring all kitchen surfaces, utensils, and equipment are kept clean.

Learn more about technical skills here: https://brainly.com/question/17329273

#SPJ11

The total amount that Matthew's bank will receive after lending him $8,000 for four years at an interest rate of 6 percent, compounded annually is $10,079.85. Here's how to solve the problem:

We can use the formula for compound interest to calculate the total amount:

A = P (1 + r/n)^(n*t)

Where:
A = the total amount
P = the principal amount (the initial amount borrowed or lent)
r = the annual interest rate (as a decimal)
n = the number of times that interest is compounded per year
t = the number of years

Plugging in the given values, we get:

A = $8,000 (1 + 0.06/1)^(1*4)
A = $8,000 (1.06)^4
A = $10,079.85

Therefore, the total amount that Matthew's bank will receive after lending him $8,000 for four years at an interest rate of 6 percent, compounded annually is $10,079.85.

To know more about Compound Interest here

https://brainly.com/question/14295570

#SPJ4

The required rate of return on a stock with a beta of 2 is 18.5%.The required rate of return is defined as the minimum rate of return an investor must earn on an investment to compensate for the amount of risk taken.

It is computed using the formula:

Required rate of return = risk-free rate + beta × (return on the market - risk-free rate)

Given:

Risk-free rate = 5.5%

Return on the market = 12%

Beta of stock = 2

Now, putting these values in the above formula:

Required rate of return = 5.5% + 2 × (12% - 5.5%)

                                        = 5.5% + 2 × 6.5%

                                        = 5.5% + 13%

                                        = 18.5%

Therefore, the required rate of return on a stock with a beta of 2 is 18.5%.

To know more about rate of return  refer here

https://brainly.com/question/24232401#

#SPJ11

As the network engineer for a large monetary organization, my responsibility is to provide a brand new financial computer to the monetary advisors in all corporation branch places of work. The requirements for the software computer consist of:

To satisfy those necessities, i will work carefully with the IT team, software vendors, and monetary advisors to make certain the new monetary computing device meets the needs of the organization and its stakeholders even as maintaining the highest standards of protection and functionality

Learn more about Network Engineer:-

https://brainly.com/question/29352369

#SPJ4

The statement "the short run average total cost curve reaches it minimum value at an output level greater than that associated with the minimum value of average variable cost because it includes average fixed cost." is true.

Short run average total cost (SRATC) is the expense of producing each unit of output in the short run when all inputs, except for capital, are variable. It comprises both fixed and variable expenses. The average total cost (ATC) is the average cost of producing each unit of output, including all fixed and variable expenses.

When all inputs are variable, the ATC is equivalent to the SRATC. However, the short run average total cost curve reaches it minimum value at an output level greater than that associated with the minimum value of average variable cost because it includes average fixed cost.

When the output is reduced, the average fixed cost rises, resulting in an increase in the average total cost. As a result, the average total cost curve does not intersect the average variable cost curve at its minimum point but does so at an output level greater than the average variable cost curve.

Learn more about Short run average total cost here:

brainly.com/question/24086348

#SPJ11

The amount that the taxpayer may deduct as an itemized deduction for medical expenses in year 1 is $0, because they paid off more than their deductible amount.

To determine the deductible amount, the taxpayer must first calculate their medical expense deduction threshold. This threshold is based on the taxpayer's AGI and is equal to 7.5% of their AGI. In this case, 7.5% of $60,000 is $4,500.

Next, the taxpayer must subtract their threshold from their total qualifying medical expenses. In this case, the taxpayer had $10,000 in qualifying medical expenses, so they would subtract the $4,500 threshold from that amount, leaving them with $5,500.

However, the taxpayer only paid off $7,000 of the credit card charges by December 31 of year 1. This means that they can only deduct the amount of medical expenses that they actually paid during the tax year. So, in this case, the taxpayer can only deduct $5,500 - the amount they paid off by December 31 - which is

=> $5,500 - $7,000 = $0.

Since the taxpayer paid off more than their deductible amount, they cannot claim a medical expense deduction on their tax return for year 1.

To know more about taxpayer here

https://brainly.com/question/9373731

#SPJ4

You must set aside $43,163.25 today if you can earn 7.5 percent per year, compounded annually, on your investment to give your child $100,000 twenty-five years from now.

Given data:Inflation = 3%Rate of Interest = 7.5%Future Value (FV) = $100,000We have to calculate the Present Value (PV)Step-by-step answer:Since we have to calculate the present value, we will use the formula of Present Value of Future Sum:PV = FV / (1 + r)nwhere,FV = Future Value of the investmentr = Rate of Interestn = Time period (in years)In the given problem, n is not given.

So, we have to calculate the number of years required to attain $100,000 from today's value i.e. PV of $100,000. We will use the formula of Compound Interest for the same:Compound Interest formula:FV = PV (1 + r)nwhere,PV = Present ValueFV = Future Value of the investmentr = Rate of Interestn = Time period (in years)On substituting the given data in the above formula, we get:100000 = PV (1 + 7.5%)n1.075n = 100000 / PV-------------------(1)

Now, let's use the given data to calculate the Inflation adjusted rate of interest:Real Rate of Interest = Nominal Rate of Interest - Inflation RateReal Rate of Interest = 7.5% - 3% = 4.5%On substituting the values of PV, r and n in the formula of Present Value of Future Sum, we get:PV = FV / (1 + r)nPV = 100000 / (1 + 4.5%)n-------------------(2)

From equations (1) and (2), we get:100000 / PV = 1.075n / (1 + 4.5%)n100000 / PV = (1.075 / 1.045)n100000 / PV = 1.02837nlog (100000 / PV) = log (1.02837n)log (100000 / PV) = n log (1.02837) (using log (ab) = b log (a))n = log (100000 / PV) / log (1.02837)On substituting the given values in the above equation, we get:n = log (100000 / PV) / log (1.02837)n = log (100000 / PV) / 0.01157Multiplying both sides by 0.01157, we get:n log (1.02837) = log (100000 / PV)0.01157n = log (100000 / PV)n = log (100000 / PV) / 0.01157On comparing the above equation with equation (1), we get:1.075n = 100000 / PV

Putting the value of n from above equation in this equation, we get:1.075log (100000 / PV) / 0.01157 = 100000 / PVPV = 100000 / (1.075log (100000 / PV) / 0.01157)PV = $43,163.25

To know more about Compound Interest refer to-

brainly.com/question/14295570#

#SPJ11

Advertising distorts the economy by creating irrational and trivial consumer wants. The correct answer is B.

Advertising can be seen as a form of persuasive communication that aims to influence consumers' purchasing behavior. Advertising distorts the economy by creating irrational and trivial consumer wants, which diverts resources away from more productive uses and towards short-term gains in sales.

One of the criticisms of advertising is that it can create irrational and trivial consumer wants by portraying products in a highly attractive and desirable way, even if the products themselves are not necessary or essential.

This can distort the economy by diverting resources away from more important and productive uses towards the production of goods and services that satisfy these irrational and trivial wants. This decreases economic efficiency and harms long-term economic stability.  The correct answer is B.

Learn more about advertising at https://brainly.com/question/29417119

#SPJ11

The price elasticity of demand, computed using the midpoint method, between $2.25 and $2.00 in the market for matcha tea is -2.73.

Price elasticity of demand is an economic measure of how demand for a product changes when the price of the product changes.

It measures the percentage change in demand when there is a one percent change in price.

The midpoint method is a way of calculating the elasticity of demand between two points, and is calculated by taking the difference between the

two points, dividing it by the midpoint of the two prices, and then dividing it by the difference between the two quantities demanded at the two prices.

For example, in the market for matcha tea, the price elasticity of demand between $2.25 and $2.00 is -2.73.

This means that if the price of matcha tea is decreased from $2.25 to $2.00, then the quantity demanded will increase by 2.73%.

This can be calculated by taking the difference between the two prices ($2.25-$2.00), dividing it by the midpoint of the two prices (($2.25+$2.00)/2),

and then dividing it by the difference between the two quantities demanded at the two prices (10-5).

In conclusion, the price elasticity of demand is -2.73, meaning that a one percent decrease in price results in a 2.73 percent increase in demand.

To know more about price elasticity, refer here:

https://brainly.com/question/13565779
#SPJ11

The type of production system that deals with one-of-a-kind tailored to unique requirements and usually not repeated is called a custom production system.

Production systems are the systems that manage the process of creating goods and services. They are responsible for transforming raw materials into finished products through a series of processes.There are various types of production systems. Mass production, batch production, and custom production are the three primary types of production system.

Mass production is the type of production system that produces goods in large quantities with a consistent level of quality. Batch production, on the other hand, is the type of production system that produces goods in small batches, and each batch is a distinct set of products.

Finally, a custom production system is the type of production system that deals with one-of-a-kind tailored to unique requirements and usually not repeated.Hence, the correct answer is that the type of production system that deals with one-of-a-kind tailored to unique requirements and usually not repeated is called a custom production system.

To know more about custom production system refer here

https://brainly.com/question/30175059#

#SPJ11

Scanner technology used by retailers to monitor consumer shopping behavior is an example of observation research.

Observation research is a type of research that involves monitoring and recording consumer behavior in order to gain valuable insights. Retailers can use scanner technology to observe and track consumer shopping behavior, which can provide valuable data that can be used to inform their marketing and product decisions.

In conclusion, scanner technology used by retailers to monitor consumer shopping behavior is an invaluable tool that can provide valuable insights into consumer shopping habits.

Learn more about technology: https://brainly.com/question/7788080

#SPJ11

The inventory cost flow assumption that is commonly used internally by companies that externally report under the LIFO cost flow assumption is the FIFO (First-in, First-out) cost flow assumption.

The LIFO method assumes that the most recent items purchased are the first items sold. Therefore, in periods of rising costs, the cost of goods sold will be higher under LIFO, leading to a lower net income and a lower tax liability.

However, FIFO is often used internally because it provides a more accurate representation of the actual cost of goods sold. FIFO assumes that the first items purchased are the first items sold, which makes sense for many types of products, especially perishable goods. This method can also result in a lower tax liability, but it is not as dramatic as under LIFO.

In summary, the inventory cost flow assumption that is commonly used internally by companies that externally report under the LIFO cost flow assumption is the FIFO cost flow assumption.

Learn more about FIFO at

https://brainly.com/question/6352710

#SPJ11

The beta of an equal-weighted portfolio of PepsiCo and the other stock is 0.25.

Beta is a measure of the systematic risk of a portfolio, and an equal-weighted portfolio's beta is calculated by taking the average of the betas of each stock in the portfolio. In this case, the beta of an equal-weighted portfolio of PepsiCo (with a beta of -0.95) and the other stock (with a beta of 1.45).

The formula for calculating the beta of an equal-weighted portfolio is:

Where w is the weight of each stock in the portfolio, and Beta is the beta coefficient of each stock.

In this case, there are two stocks in the portfolio, PepsiCo and the other stock. Since the portfolio is equally weighted, the weight of each stock is 0.5 (or 50%). Hence:

Therefore, the beta of the equal-weighted portfolio is 0.25, which indicates that the portfolio has a moderate level of systematic risk.

Learn more about portfolio https://brainly.com/question/14986133

#SPJ11

The announcement of an increase in the cash dividend should, according to MM, leads to an increase in the price of the firm's stock.

MM, also known as the Modigliani-Miller theorem, is an influential economic theory on capital structure. It implies that the market price of a company is decided by its future profits and should be independent of the financing choices made to achieve those profits. When a company announces an increase in the cash dividend, it can lead to an increase in the price of the firm's stock. It is because the dividend payment is an essential component of a firm's value for its investors. Companies use dividend payments to return capital to shareholders and also as a way of signalling that the company is doing well financially, which makes it more attractive to investors. Therefore, an increase in the cash dividend can have a positive impact on the value of the firm's stock.

Learn more about MM https://brainly.com/question/30048242

#SPJ11

The addition of the seventh worker is contributing positively to the overall production as the marginal product (18) is greater than the average product (15) of the first six workers.

Marginal product refers to the additional output produced by adding one more unit of input, while average product represents the output per unit of input.

Marginal product measures the change in total output resulting from a one-unit increase in input. It helps determine the productivity of each additional unit of input. If the marginal product is increasing, it implies that each additional input is contributing more to the total output.

Average product, on the other hand, calculates the average output per unit of input. It is obtained by dividing the total output by the number of units of input. Average product provides insights into the overall efficiency and productivity of the input used in the production process.

Learn more about average product here:

https://brainly.com/question/30899833

#SPJ12

In the marketing funnel, the implementation of rewards program is a strategy under the retention stage.

The retention stage is the part of the funnel where marketers focus on keeping customers interested in their product or service. This stage of the funnel focuses on building relationships and providing value to customers by offering rewards programs, loyalty programs, and other incentives.

Rewards programs are designed to incentivize customers to become repeat customers. This can involve providing discounts or other incentives when customers purchase products or services from a company.

Through a rewards program, customers are encouraged to stay loyal to a particular brand or product, which helps to increase the chances of them becoming a repeat customer.

Learn more about  marketing funnel here:

https://brainly.com/question/29921469

#SPJ11

The correct option is C i.e., when implementing a brand revitalization strategy, it is often necessary to begin by rebuilding customer trust.

An ideal client is somebody who appreciates your good or service and spreads their enthusiasm to others they know. This word-of-mouth advertising is a powerful asset for companies. When someone they trust suggests a new good or service, people are frequently more eager to give it a try.

The finest clients to upsell to are impulse buyers, and they are the second most desirable sector to target after loyal buyers. Impulse buyers make purchases on the spur of the moment without a predetermined shopping plan in mind. Also, impulse buyers are frequently open to product recommendations.

To know more about customer visit-

https://brainly.com/question/13735743

#SPJ1