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A manager must decide how many machines of a certain type to purchase. Each machine can process 100 customers per day. One machine will result in a fixed cost of $2,000 per day, while two machines will result in a fixed cost of $3,800 per day. Variable costs will be $20 per customer, and revenue will be $45 per customer. Explain and please provide the excel formulas. a) Determine the break-even point for each range. b) If estimated demand is 90 to 120 customers per day, how many machines should be purchased?
A forecaster uses weighted moving average with weights .20, .30, and .50. If the demand of March, April and May were 200, 220, 230, what would he forecast demand for June?
What is a marketing problem in applications of linear programming? Briefly discuss the objective function and constraint requirements in a marketing problem. Give a real world example of a marketing problem.
For winners of califonia supperlotto plus, the choice is between a lump sum and annual payments that increase from 2.5% for the first year to 2.7% for the second year and then increase by 0.1% per year to 5.1% for the 26th payment. This is estimate a..
1) Discuss the various ways HR supports managers. 2) Discuss the difference between the focus on Affirmative Action and the focus on equality. 3) Discuss two of the protected classes and what a person should do if he/she feels illegally discrimina..
A pharmaceutical manufacturer employed observations to improvement training of new reps. What category of research is this?
How does diversity differ from EEO and affirmative action? Tell us about your knowledge/experiences with an organization’s voluntary efforts to nurture diversity. What does the organization say formally about those efforts?
Consider Modern Active MBA, a periodical dedicated to selecting an MBA program and getting the most out of the experience. The publisher charges the Penn Bookstore $1.50 for each copy of MAMBA sold. It costs the publisher $0.35 to print and deliver e..
What do you think about assisted or legal suicide? Should it be allowed? What would you want to see happen in the following cases? James is the patient. A devout Catholic, James always said that life was precious and something in God’s control. Howev..
What Human Resource component within its operating environment is a major element of a firm's ability to satisfy its personnel needs. Which threat of entry creates a barrier by forcing entrants to spend heavily to overcome customer loyalty
What product do you offer (what is your product your company)? How and where will you sell and service the product? What will you do and when to sell and promote your product?
Many might argue there is little difference between a Burger King Whopper and the McDonald's Big Mac. Let's look at the differences and similarities using the 4P's of marketing. Product, Price,Place, and Promotion. Discuss the similarities and differ..
Compare and contrast Leadership vs Power. Do you have to have power to have leadership? Do you have to have leadership to be powerful?
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