What is trend extrapolation? the process of converting intuition and hunches into reality. the extension of present trends into the future. process of asking some authorities in the area to make an "informed guess" about the future. given a large amount of historical data on certain interrelated factors, one attempts to conceptualize alternative future detecting faulty underlying assumptions before forecasting errors can occur?

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.