Answer:
Marginal product: 118
Marginal product is 1.68 times average product
New average product: 82
Explanation:
Marginal product is the difference that we found after we add one more unit of production into the business, this means the amount of products that we produce more of, once we hire a new worker or add a new machine, in this case marginal product is 118 units more by hiring an additional worker, and the marginal product divided by the last average product is 1.68 times more, and the new average product would be 328 between 4 which is the new number of workers, which results in 82.
Often times the currency used is the currency of the seller.
Answer:
To help expand New Belgium’s brand(NBB) image to consumers in different other parts of the country, NBB will have to link advertisements to the company’s social network pages. This would be the most efficient and effective way to stream advertisement to new countries, or different other parts of the country.
Explanation:
NBB carries a strength of knowing their brand. With an expansion making use of branding and communication strategies, they would have succeed in their goal of being a unique culture remaining committed to their initial mission of being a fun, socially, and environmentally responsible company. For the company to maintain its whimsical and personal touch with consumers, NBB should spring forth new ideas to communicate with consumers, this will keep the customers updated and make them interested in staying loyal to the company.
Answer:
n = 160
p = 0.12
Explanation:
In a Binomial distribution two parameters are of great interest, n and p.
where n is the number of trials and p is the probability of success and (1 - p) is the probability of failure.
p = 12%
n = 160
Mean = E(X) = μ = n*p = 160*0.12 = 19.2
μ = 19.2
variance = σ² = np(1 - p) = 160*0.12(1 - 0.12) = 16.89
standard deviation = σ = √16.89 = 4.11
σ = 4.11
The value creation activities that deals with the design of products and production process is RESEARCH AND DEVELOPMENT.
Value chain activities are those activities that are put in place in order to create a product and get it to the final consumers. The series of activities involves include: research and development, production, marketing and sales and customer service.
