Answer:
Efficiency of the repair shop is 66.67%
Explanation:
Efficiency is the ability to avoid the available resources such as workforce, time, money, material etc. The maximum output in the available resources is efficiency.
Total Capacity of repair fleet = 800 trucks
Effective Capacity of repair fleet = 600 trucks
Actual Output = 400 trucks
Trucks Utilization = Actual Output / Total Capacity = (400 / 800) x 100 = 50%
Efficiency = Actual output / Effective Capacity = (400 / 600) x 100 = 66.7%
Answer:
A) change in the cost of eating index = <u>20% increase</u>
B) Suppose that consumers are completely indifferent between two chickens and one ham. For this example, how large is the substitution bias in the official "cost-of-eating" index?
The <u>INCREASE</u> in the cost-of-eating index is <u>18</u> %.
The <u>OVERESTIMATE</u> of inflation in the cost of eating reflects substitution bias.
Explanation:
2015
product units unit cost total
chickens 30 $4 $120
hams 10 $5 $50
<u>steaks 10 $8 $80</u>
total $250
2016
product units unit cost total
chickens 30 $5 $150
hams 10 $7 $70
<u>steaks 10 $8 $80</u>
total $300
A) ($300 - $250) / $250 = 20%
B)
if consumers are indifferent for 2 chickens per 1 ham, then the new basket should be assuming consumers will purchase the cheapest option:
2016
product units unit cost total
hams 25 $7 $175
<u>steaks 10 $8 $80</u>
total $255
the increase in inflation would have been = ($255 - $250) / $250 = 2%
the substitution bias = reported inflation - real inflation = 20% - 2% = 18%
Answer:
c. fewer government regulations
Explanation:
- All except the fewer government regulations on the trade of the companies that affect the today's business environment and the word organization. The globalization and the increased play a major role in the collection of the internal and the external factors the customer needs and the expectations that affect the firm's price availability.
Answer:
Based on selecting a sample of 300 computers The probability questions are follows
1. . What is the probability that no computer needs service within the warranty period?
2 . What is the probability that more than half of the computers that are sampled will need warranty period?
3. What is the expected number of computers fail before the warranty period?
Answer: Virtual organization
Explanation:
Virtual organization is referred to as or known as a permanent or temporary collection of the geographically dissipate individuals, organizational units, groups, or maybe the entire organization that tends to depend upon the electronic linking so as to complete production of the process. Virtual organizations do not tends to represent an organization's attribute but on the other hand is taken in consideration as a completely different organizational form.
