Kalanja designs, which produces earrings, is developing direct material standards. each earring requires 0.49 kilograms of a special metal. the allowance for waste is 0.6 kilograms per earring, while the allowance for rejects is 1 kilograms per earring. what is the standard quantity of metal per earring?
what she means is that back then a dollar (or less) could buy a lot more then because of the former state of deflation. since then a price inflation has occured.
the economy consists of producers, who make and sell goods and services, and consumers, who buy the goods and services.
producers rely on consumers to buy from them, and consumers rely on producers to provide the goods and services they want.
money allows this relationship to work.
the answer is: d. reiko should add other foods to the menu and offer discounts to attract more people to her restaurant.
according to adam smith, producers need to provide a product that is needed by the market in order to obtain profit, not the other way around.
since the majority of the people in the cities did not like japanese food, seiko need to accept the fact that there is not enough demand for that particular food and start to develop new menus that attract the locals (she can do this by mixing some characteristics from japanese food with western food).
on top of that, offering discounts create an incentives for the consumers to come and try the new products.