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Which cost drivers and/or value driver are important for creating superior total
economic value? Use Air Asia for example
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- What do economists mean by ceteris paribus? Why is ceteris paribus hard to engineer in practice? Discuss common hurdlesWhich statement best explains how human capital affects the manufacturing of a product? It affects the efficiency of the manufacturing process It promotes increased demand for manufactured goods. It provides a financial incentive for potential investors It allows households to use their savings to buy goods.In the economic sense, capital does not include:Response option group a) Buildings. b) Machines. c) Money. d) All of the above.
- Once Produced then what? Food, fiber, fuel= ___________________________, ______________________________, _________________________________, and _____________________________________ Agribusiness All of the inputs and production practices required for ____________________________________ to be developed and delivered are called _____________________________ Over _________________ of all Americans work in agribusiness related careers compared to only ___________________ in actual production agriculture.Please answer question 3 a and b b.A clothing manufacturer makes trousers, skirts and blouses. Each trouser requires 20 minutes of cutting time, 60 minutes of sewing time and 5 minutes of packaging time. Each skirt requires 15 minutes of cutting time, 30 minutes of sewing time and 12 minutes of packaging time. Each blouse requires 10 minutes of cutting time, 24 minutes of sewing time and 6 minutes of packaging time. The amount of time available for cutting, sewing and packaging is 115 hours, 280 hours and 65 hours respectively. Using either the Inverse Method or the Cramer’s Rule, determine how many of each type of clothing should be made to use all available labor hours?Which of the following tools would not be considered a capital investment? new factories computers updated machinery raw materials
- Productivity measures: Select one: a. per unit production costs. b. the changes in real wealth caused by price level changes. c. the amount of capital goods used per worker. d. real output per unit of input. e. the marginal cost- marginal benefit analysis.Economic growth and the prosperity of nations depends upon their access to energy. Without an assured supply of energy production is not possible. Fossil fuels have served as sources of energy for decades. However, in recent years some disadvantages associated with the use of fossil fuels has become obvious. Which of the below IS NOT and HAS NOT BEEN one of the drawbacks of using fossil fuels for the production of goods? Group of answer choices Fossil fuels produce less energy than the non-traditional sources of energy and thus are inefficient. Fossil fuels are associated with environmental damage and possibly even global warming. Fossil fuels are finite, and some day they will run out. Economies that possess fossil fuels such as oil and coal can control supply of these and hike up their prices, and thus deny access to these resources to some countries for political purposes.Location econinmies are the economies that anse from performing a value creation activity in the optimal location for that activily, wherever in the world that might be: True or false