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A

Anonymous

Feb 16, 2025

Based on the influence chart below, the decision variable(s) for this model

Based on the influence chart provided below, what are the decision variable(s) for this model? Please select one of the following options:
a. Price and elasticity
b. Price and fixed cost
c. Price, elasticity, and fixed cost

3 Answers

A
Anonymous

Jan 29, 2025

Price is the decision variable in the given model. Option C.Explanation:For a model which is related to the field of commerce and affects a particular organisation or a firm, for that price is the most important factors. Because fixing the price at a particular level will help the firm earn profits and maintain position in the market. Price is the cost of the product which is available to the customers in the market. The consumers have to pay that price to get a particular quantity of that particular product.
A
Anonymous

Dec 11, 2024

Robber, police man/ woman interrogator, detective(s), witnesses   

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