Demand Is Estimated to Be 800 Units

question 33

Multiple Choice

Demand is estimated to be 800 units.If Z is taken to be 1.5, when the estimated average demand is 400 units, determine σ for these data.

• A)71,111
• B)-71,111
• C)266
• D)-266

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Definitions:

Marginal Products

The additional output that is produced by utilizing one more unit of a variable input, holding all other inputs constant.

Sales Clerks

Employees who assist customers, handle transactions, and maintain merchandise organization in retail environments.

Customers Served

The number of customers who receive services or goods from a business or organization.

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, holding all other inputs constant.