Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A major component of the costs of many large firms is the cost associated with ordering and holding inventory. If the yearly demand for the good is D and the size of each order placed is q then the number of orders N in each year is:
N=D/Q
If the cost of placing each order is Co then the cost of placing all N orders is:
OC = CoN
The second component is the carrying or handling cost of an inventory. Under the assumption that the average number of items in stock is q / 2 and with cost of each item set at p , the value of this average number of items is p (q / 2) . The carrying in this situation is the proportion C of this value:
CC = Cnp (q/2)
The third component of total costs is simply the purchase cost of all the items, or PC = pD. Assuming that Co, D, Cn and p are constant, what is the optimal order size q?
If a person literally had “nothing else to do,” (a) What would be the opportunity cost of doing this homework?
Question (a) Describe clearly the three concepts of elasticity of demand. Use appropriate examples and diagrams to support your answer. (b) Consider you have been appointed
excess reserve make a bank less vulnerable to runs.why
Why total product continues to increase despite a decrease in the marginal product?
How to I calculate the break-even point per unit in dollar amount and then determine whether there will be a profit or loss? Such as if the fixed costs were $75000. The variable co
What barriers to economic growth can be explained using the Harrod-Domar model? Definition and outline of the Harrod-Domar model; growth in national income = savings ratio over
What are the keys of the profit maximisation in production technology? Profit Maximization in production technology: a. Producer Behavior b. Producer’s Optimal Choice
Joe won $365,000 a year for life in the state lottery. Use a labor-leisure choice analysis to answer the following: a. Show how Joe’s lottery winnings affect the position of his b
When does deadweight loss occur to society? Applying consumer and producer surplus the efficiency costs of a tax: A tax causes a deadweight loss to society, since less the g
Q. Explain Nominal GDP? Nominal GDP: Nominal gross domestic product measures total value of all the services and goods produced and traded for money in the formal economy, eval
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd