If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $0.90 and the loss resulting from that unit if it is not sold (Co) is $0.50, which of the following is the probability of the last unit being sold?
A. Greater than 0.357
B. Greater than 0.678
C. Greater than 0.400
D. Greater than 0.556
E. None of these
Answer: A
You might also like to view...
Dainton and Zelley suggest that context can influence the nature of communication as well as expectations for and understanding of communication. Using this suggestion as a jumping-off point, create an example scenario in which context influences the nature of communication, the expectations of that communication, and the understanding of the communication.
What will be an ideal response?
Which of the following would not inhibit new entrants into a market?
a. Existing technological expertise. b. Large required capital investment. c. Lack of rivalry among current participants. d. Existing patented technology.
Tim's gross pay for this month is $8950. His gross year-to-date pay, prior to this month, totaled $111,500. What is the amount of FICA tax withheld from Tim's pay for this month? (Assume an OASDI rate of 6.2%, applicable on the first $118,500 earnings, and a Medicare rate of 1.45%, applicable on all earnings. Do not round any intermediate calculations, and round your final answer to the nearest cent.)
A) $434.00 B) $129.78 C) $563.78 D) $554.90
To minimize groupthink, the leader can avoid being ______.
A. open B. suppressive C. rational D. directive