________ is absolute error as a percentage of demand

A) Cumulative error
B) MAD
C) MAPD
D) Average error

Answer: C

Business

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According to the theory of bureaucratic behavior, the objective of bureaucracy is

A) to maximize its own welfare, meaning that it seeks additional power and prestige. B) to maximize consumers' surplus, meaning that it seeks additional regulatory powers. C) to protect the industry it regulates, meaning that it seeks additional regulatory powers. D) none of the above.

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Explain why a dollar today is worth more than a dollar tomorrow

What will be an ideal response?

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