(Use the Following Information for the Next Five Problems

question 4

Multiple Choice

(Use the following information for the next five problems. )
The owner of Koffi,the sole coffee house located in a resort area,wants to develop a forecast based on the relationship between tourism and coffee drinks sold.He has generated the following data over the past 12 months:
The data from using Data Analysis on Excel is as follows:

-What is the approximate intercept,a?

• A)−11.6
• B)11.6
• C)6.4
• D)−6.4

Identify circumstances that display the rationale behind seemingly irrational market behaviors.

Describe the role of price takers in a competitive market.

Compute and interpret average and marginal revenue from given data.

Understanding of total revenue calculation and its changes based on units sold.

---

Definitions:

Rationalists

Individuals who emphasize reason and evidence over doctrine or faith in guiding beliefs and actions.

Technical Reports

Detailed documents that communicate technical information in a structured format to a specific audience, often used in science, engineering, and business.

Incrementalists

Individuals or theorists who advocate for or adopt a gradual approach to change, focusing on small-scale or step-by-step improvements.

Existing Policy

The current set of rules, regulations, or directives that govern actions within a specific domain or organization.