Suppose a Firm Has Had the Historical Sales Figures Shown

question 6

Multiple Choice

Suppose a firm has had the historical sales figures shown below. What would be the forecast for next year's sales using the naïve approach?

• A) $2,450,000
• B) $2,900,000
• C) $2,350,000
• D) $2,585,000

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Definitions:

Energized

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Efficiency-Wage Theory

The theory that employers pay workers a higher wage than the equilibrium wage to increase their productivity and efficiency.

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