Calculate the aggregate production rate

Assignment Help Microeconomics
Reference no: EM131297326

Questions

Complete problem 12 on page 498 of your textbook

1. A local nursery, Greens, uses 1560 bags of plant food annually. Greens works 52 weeks per year. It costs $10 to place an order for plant food. The annual holding cost rate is $5 per bag. Lead time is one week.

(a) Calculate the economic order quantity.
(b) Calculate the total annual costs.
(c) Determine the reorder point.

Complete problem 2 on page 534 of your textbook

2. Jill has decided that the BackPack Company must have very good customer service. She has asked you to develop a level aggregate plan using inventories but not back orders. All demand must be met each period. You must:

(a) Calculate the aggregate production rate.
(b) Calculate the appropriate workforce given the aggregate production rate.
(c) Show what would happen if this plan were implemented.
(d) Calculate the costs of this plan.
(e) Evaluate the plan in terms of cost, customer service, operations, and human resources.

Reference no: EM131297326

Questions Cloud

Describe the health policy stakeholder that you selected : Briefly describe the health policy stakeholder that you selected.- Expand on the role of the stakeholder you selected by explaining their specific interests.
Financing a business venture : 1. Discuss the basic rules to follow in financing a business venture. 2. Why should small business managers assess working capital needs in advance?
Write about that and symbolic annihilation : Can Think of a Television character or characters that you have identified with in some way during your lifetime. Write about that and symbolic annihilation.
Style of communication : Innovation can occur in the most unlikely scenarios and can be found in the way a company is structured, the product or services provided, or the style of communication. Evaluate a company that has utilized an innovative approach to improve their ..
Calculate the aggregate production rate : Calculate the aggregate production rate. Calculate the appropriate workforce given the aggregate production rate. Show what would happen if this plan were implemented.
Rutgers nwk undergrad bus comm fall : Each student is assigned a product to "pitch" using all 3 forms of business communication. Research the company and product you have been assigned and prepare a written marketing plan (no more than 250 words), a script for a 2-3 minute verbal pres..
Create an presentation that should be detailed speaker notes : Create an 8- to 10-slide presentation that should be 5 to 10 minutes in length. Please include detailed speaker notes, based on Persuasive Messages Part I & Part II assignment.
Read swot analysis of target : Read SWOT Analysis of Target in the line below.- Pick one part from the elements of the retail mix and write at least one page.
Marketing division within fastenal company : Write a 500-750 word executive summary that seeks to spark interest in potential investors/stakeholders to further grow in the marketing division within Fastenal Company.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd