Startups Like Dark Sky Can Predict to the Minute When

question 1

Multiple Choice

Startups like Dark Sky can predict to the minute when it is going to start raining or snowing within the next hour because they ______________.

• A)are magicians and psychics
• B)hired superior weather forecasters with PhDs
• C)integrate and analyze data to improve short-term forecasting
• D)really understand the weather better than anybody else

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Definitions:

Total Variable Cost

The total of all variable expenses associated with the production of goods or services, which changes as the level of production output changes.

Operate

To control the functioning of a machine or process, or to run and manage a business or organization.

Market Price

The current price at which an asset or service can be bought or sold in the market.

Profit Maximization

A fundamental goal of businesses, which involves adjusting inputs and outputs to achieve the highest possible profit.