Percent of lumber from the three suppliers

Assignment Help Business Economics
Reference no: EM132138027

Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates that defects constitute 10% of the lumber pile. A recent analysis of the defect lumber pile showed that 30% came from Northern Hardwoods and 50% came from Mountain Top. Analysis of the clear pile indicates that 40% came from Northern and 40% came from Spring Valley. What is the percent of clear lumber from each of the three suppliers? What is the percent of lumber from each of the three suppliers.

Reference no: EM132138027

Questions Cloud

Undertaking expansionary fiscal policy : The government is undertaking expansionary fiscal policy. Illustrate how this action affects:
Why does a government undertakes expansionary fiscal policy : Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy?
How many instance variables does this class contain : How many instance variables does this class contain? Which variable in the constructor is being updated by a parameter?
What is the role of local government leadership : What is the role of local government leadership in assuring that departments and divisions work together to achieve municipal goals and objectives?
Percent of lumber from the three suppliers : What is the percent of clear lumber from each of the three suppliers? What is the percent of lumber from each of the three suppliers.
What is stuxnet and what are its real-world implications : Should your national government be concerned about the potential of a Stuxnet-like attack? Why or why not.
Minimum long run average total cost : The industry is currently at a long-run equilibrium, with each firm producing at its minimum long run average total cost of $8.
Background of the struggling state owned enterprises : In what sense does South Africa's competition policy address these failures against the background of the struggling State Owned Enterprises.
Ten principles of economics : what does the term the Ten Principles of Economics and how it's applied to the consumer buying trends?

Reviews

Write a Review

Business Economics Questions & Answers

  More-efficient firms will be attracted into the industry

Consider a perfectly competitive firm whose minimum average total cost is $100. This firm is representative of all the firms in the market. If the market price is $80, then in the long run. market supply will fall. new, more-efficient firms will be a..

  Illustrate what happens to employment output

Congress cannot dictate how many workers industries hire at mandated wage. Given this fact, Illustrate what are effects of this law. Specifically, illustrate what happens to employment, output and total amount earned by workers.

  What level of man-hours will maximize total output

illustrate the effect of capital formation by comparing the product posibility curves,at the present time and ten years in the future for two economies,one with a high and the other with a lowrate of capital formation.

  Average costs of attending ucr

From the College Scorecard, average costs of attending UCR is $13,144. Average salary for UCR attendees is $48,700. Average salary of someone who does not attend college is roughly $33,800 ($651/week from slides x 52 weeks). Suppose everyone retire..

  Marginal cost is constant relative to perfect competition

If a firm has market power and marginal cost is constant relative to perfect competition:

  Characteristics of the market structures

What are the characteristics of the 4 market structures (# of sellers, barriers to entry, pricing strategy, product differentiation, and examples of each)?

  What is the probability that the age of a randomly

What is the probability that the age of a randomly chosen house in NewAcres is:

  Understanding of the content the most

Identify two to three posts or threads that impacted your learning and understanding of the content the most. Explain why you chose these posts/threads.

  Quse the following graph for yolandas frozen yogurt stand

q.use the following graph for yolandas frozen yogurt stand to answer the questions that follows.a. to compute the price

  Calculate marginal utility associated with each unit of good

A consumer is deciding how many cups of coffee and how many bus tickets to purchase. The price of a bus ticket is $1.50 and the price of a cup of coffee is $2. The following table describes the total utility derived from the two goods. Calculate the ..

  Payoff matrix describes the tuition revenues

Table 1 is a payoff matrix for Harvard and Yale. They were recently caught colluding on tuition rates and can no longer confer on rates. The payoff matrix describes the tuition revenues they will each receive by charging high or low tuition rates. Wi..

  Total revenue and marginal revenue

If a person is selling apples in a perfectly competitive market with a price of $2 per pound, what is total revenue and marginal revenue at the 100th pound.

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