Answer:
The Pareto principle
Explanation:
The Pareto principle asserts that 80 percent of output will come from 20 percent of inputs. In different words, 80 percent of the results will come from 20 percent of the action. The Pareto principle is only an observation, not a law. The principle is applicable in business and almost all other disciplines.
In applying the Pareto principle, a business recognizes its best assets as uses efficiently to gain maximum value. The principle observes that similar amounts of input will yield different outputs. For business, results will never be evenly distributed, hence the need to identify and appreciate the minority inputs that will produce the majority of results.
Answer:
If the interest rate is higher, to earn the same amount, she will need to invest a lesser amount of money.
Explanation:
Giving the following information:
Jessica invested $2,000 today in an investment that pays 6.5 percent annual interest.
The correct answer is:
She could have the same future value and invest less than $2,000 initially if she could earn more than 6.5 percent interest.
If the interest rate is higher, to earn the same amount, she will need to invest a lesser amount of money.
Answer:
A. $192,000
Explanation:
The computation of the labor related overhead cost is shown below:
= (Labor related overhead cost) ÷ (Total direct labor hours) × direct labor hours of X
= ($480,000) ÷ (16,000 hours + 24,000 hours) × 16,000 hours
= $192,000
hence, the correct option is A.
Answer: More elastic; Lower
Explanation:
Before the entry of a new firm, there is only one firm exist in the market and that single firm is experiencing a monopoly power. But when there is a entry of its competitor then as a result second firm have to reduce their prices of the products as demand is elastic. We know that market is very sensitive to the prices. This fall in prices will lead to increase the demand for the products but with the lower prices, the marginal revenue of the second firm will be more elastic because of the lower prices.