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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.
Research on stages of business development and incorporate your findings in a three to four page paper. Include examples of organizations that fit into each stage.
choose and reserach a specific company that is traded publicly where there has been a pattern of change in a particular
What price would I want to sell my 12 posters to my 12 friends if my first friend will buy it for $11 dollars, my second at $10 dollars, and so on until that 12th friend would get the poster for $0 dollars?
Production Economics
An artist makes a beautiful instrument that becomes famous throughout the country. A number of claimants arise, each of whom argues that they deserve the flute: the artist who created it, the most talented musician, the poorest musician, the neediest..
Indicate whether each of the following items represents a credit or a debit on the U.S. balance of payments.
Suppose that the reserve ratio is .25, and that a bank has actual reserves of $15,000, loans of $40,000, and demand deposits of $50,000.
the residents of the town ectenia all love economics and the mayor proposes building an economics museum. the museum
Wall-Mart offers to match the price of any competitor and why is this guarantee not necessarily a benefit to consumers?
imagine that your learning team is a group of international reporters. you have been tasked with describing and
Each individual determinant analyzed for your situation, with examples applicable to your situation (5 points each) and research (3 points each) showing current Demand data or most recent past data, except for the Expectations Determinant in wh..
The demand and supply function of two related goods are given by Qd1 = 30 - 5P1 + 2 P2, Qs1 = -20 + 4 P1, Qd2 = 70 + 4 P1 - 4 P2, Qs2 = -10 + 2 P2 -Find the equilibrium prices and quantities.
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