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The daily demand for a product is 17 units with a standard deviation of 2.6 units. The review period is 30 days with a lead time of 14 days. Management has a set policy of satisfying 95% of demand from items in stock. At the beginning of the review period, there are 120 units in inventory. How many units should be ordered?
A labor economist wants to know the relationship between education (measured by years of schooling) and annual earnings (measured in $1000). A random sample of 222 workers revealed a correction coefficient of 0.88. Based on the coefficient, Among the..
Using the simple model of multiple deposit creation, state the ultimate impact on M1 from the Fed's sale.
Suppose that Verizon Wireless has hired you as a consultant to determine what price it should set for calling services. Suppose that an individual's inverse demand for wireless services in the greater Boston area is estimated to be P = 100 − 33Q and ..
Suppose a dairy farmer in Murfreesboro is concerned with developing a minimum cost per day feed-mix from two sources, alfalfa (X) and corn (Y), which meets (or exceeds) certain nutritional requirements. Write about the objective function and constrai..
Illustrate what relationship exists and how might a business manager use this information to increase their profits.
An increase in the price of a good causes a:
Illustrate what if accidents costs decrease with precaution. Explain how does this affect efficient level of precaution. Explain.
In the numerical example given in the text, the inverse demand function for the depletable resource is P = 8 -0.4q and the marginal cost of supplying it is
You decide to buy 1,300 shares of stock at a price of $86 and an initial margin of 75 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 40 percent?
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
q.a coal-fired power plant can produce electricity at a variable cost of 4 cents per kilowatt hour when running at its
The price elasticity of demand for mopeds, in absolute value, is 0.5, by what percentage will the quantity of mopeds demanded increase if the prices fall by 10%?
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