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A bulk foods store sells unshelled peanuts by the kilogram. Historically, daily demand is Normally distributed with a mean of 8 kg and a standard deviation of 1 kg. The purchase lead time from the supplier also appears to be Normally distributed with a mean of eight days and a standard deviation of one day. What ROP would provide stock-out risk of 10 percent during a lead time? Refer: z-values table. (Round the final answer to the nearest whole number.)
Over this long run of time, how do you think the price of wine changed? What happened to the profits and supply of California grape producers
What is the per-unit amount of the externality? Create a new graph illustrating the market for water park business for these two externalities. Label the demand curve, the social-value curve, the market equilibrium level of output, and the efficien..
Using isoquant analysis, identify the combination of workers and capital that will be used. Label the initial cost minimizing point A.?
Abank's only liabilities are $14million in transactions deposits. The bank currently meets its reserverequirement, calculate the value of loans and securities held by the bank
While greater access to imports may be beneficial from a microeconomic standpoint (people have greater range of goods to choose from, and available at a lower price) the macroeconomic view of things may be a little different.
One feature of the financial crisis was that there were more severe credit market frictions - particularly asymmetric information and limited commitment.
What is the market price of fish in Fire Island? How much is consumer and producer surplus?
Algebraically solve for the competitive and socially optimal price and quantity combina- tions. Quantify the extent of the resource mis- allocation associated with the competitive solution.
Now, suppose you can charge an entry fee or cover charge to get in the bar. Would you set PB differently? What cover charge would you set? What profits will you earn on each customer?
Suppose Janet sells papayas at a perfectly competitive market in Thailand. While her average total cost (ATC) reaches a minimum level of $3.
Rent control, rent subsidies and income subsidies are used to improve housing affordability. Which is the better approach, by listing the advantages and disadvantages of each.
John manages a dry cleaning store for $30,000 per year, but decides to open his own dry cleaning store. The revenues of the store during the first year of operation are $100,000 and the expenses are $35,000 for salaries, $10,000 for supplies, $8,000 ..
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