How many cases the hospital should order to minimize

Assignment Help Managerial Economics
Reference no: EM13987308

1.A large hospital uses 816 cases of liquid cleanser annually. Ordering costs are $12, carrying costs are 20% of the price per case per year. A new price schedule is shown below.
In the boxes below, indicate how many cases the hospital should order to minimize total costs. Also indicate the price they should pay and how much will they spend annually on liquid cleanser.

Qty Price

1-49 $20
50-79 $18
80-99 $17
100+ $16

Reference no: EM13987308

Questions Cloud

Examples of consumer loan products and investment securities : The 2000s witness a dramatic increase in Financial Engineering that produced a wide range of new loans and investment products. What is Financial Engineering? Provide examples of consumer loan products and investment securities. How did Financial Eng..
Report on the health of financial institutions : Bank regulators are required to examine and report on the health of financial institutions. How does the bank reserve ratio requirement affect its lending ability? How do “sweep” accounts help banks avoid their reserve requirements? How do money mark..
What should a bank do if inflation decreases : The profitability of a bank depends on several different factors. Why is “Duration Analysis” so important to a bank? What should a bank do if inflation increases?   Explain with examples. What should a bank do if inflation decreases? Explain with exa..
What is the amount of law services revenue that will be : During 2015, Maverick Law Firm had the following transactions with it clientsOn February 1, 2015, the company received cash of $5,800 from clients in payment of their account balances as of December 31, 2014. What is the amount of Law Services Revenu..
How many cases the hospital should order to minimize : In the boxes below, indicate how many cases the hospital should order to minimize total costs. Also indicate the price they should pay and how much will they spend annually on liquid cleanser.Qty Price1-49 $2050-79 $1880-99 $17100+ $16
Management of risk is crucial to the profitability of banks : The management of risk is crucial to the profitability of banks. What are the most important risk management principles that involve approving loans? What is Adverse Selection? What is Moral Hazard? Why do they make the underwriting process for lendi..
How do search sites drive consumers to retailers : What is price information asymmetry? Explain the reason for search online purchase offline behavior. How do search sites drive consumers to retailers? What are the benefits of barter? Who determines whether a price is fair? Why is price often a light..
What are some noticeable differences in their approaches : Amazon has entered international markets with sites in a number of other countries. The company believes that an aggressive international strategy is essential to its continued growth. Has Barnes & Noble take the same approach? What are some noticeab..
Which dominant comparative politics theoretical approach : Which dominant Comparative politics theoretical approach might help us understand why US and Britain adopted Presidentialism and Parliamentialism governing systems?

Reviews

Write a Review

Managerial Economics Questions & Answers

  Linear programming problem

Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.

  Demand, supply and the market equilibrium

The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.

  Supply and demand in professional sports

Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.

  Explain whether the firm will make economic profit

Explain whether the firm will make economic profit, In the short run and In the long run.

  Determine the official measure of the deficit

Determine the official measure of the deficit

  Coordination of the activities of a business

The organization and coordination of the activities of a business in order to achieve defined objectives.

  What is the profit maximizing number of gizmo widgets

What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.

  Determine autocorrelation function of a rectangular pulse

Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.

  Managerial economics assignment

Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Solve managerial economics questions

MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.

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