Introduce a(n) fact with statements such as "I think," "I believe," or "it seems to me." _________________________
Answer the following statement true (T) or false (F)
False
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Suppose the opportunity cost of capital is 10 percent and you have just won a $1 million lottery that entitles you to $100,000 at the end of each of the next ten years.
a. What is the minimum lump sum cash payment you would be willing to take now in lieu of the ten-year annuity? b. What is the minimum lump sum you would be willing to accept at the end of the ten years in lieu of the annuity? c. Suppose three years have passed and you have just received the third payment and you have seven left when the lottery promoters approach you with an offer to "settle-up for cash." What is the minimum you would accept (the end of year three)? d. How would your answer to part (a) change if the first payment came immediately (at t = 0) and the remaining payments were at the beginning instead of at the end of each year?
In which of the following has LP been applied successfully?
A) minimizing distance traveled by school buses carrying children B) minimizing 911 response time for police patrols C) minimizing labor costs for bank tellers while maintaining service levels D) determining the distribution system for multiple warehouses to multiple destinations E) all of the above
______ shows that as the rate of production for an item doubles, the processing time per unit of that item decreases by a constant percentage.
A. Learning rate B. Learning coefficient C. Learning curve D. Learning time
________ refers to purchases involving long-term contracts that usually are based on private negotiations between sellers and buyers
Fill in the blank(s) with correct word