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?
A control in economics means a steady profit rate that is enhancing. Thus, after one year you could have £1mill profit then the next year £3mill profit etc.
RECENT DEVELOPMENT OF DEMAND THEORY: The basic theory of consumer behaviour discussed in the previous unit can be extended in many directions, and can be applied to cover opt
Suppose scientists discover that eating soybeans prevents cancer and heart disease
Example: The Value of Clean Air Air is free in sense that we do not pay to breathe it. Question: Are benefits of cleaning up air worth the costs? People pay extra to buy
factor influencing quantity supplied
Ask question #Min1) Illustrate and explain the changing demand for big Mac using the indifference curve and budget line.imum 100 words accepted#
State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported
If a person literally had “nothing else to do,” (a) What would be the opportunity cost of doing this homework?
An increase in the scale means that all inputs or factors are increased in a given proportion. Increase in the scale thus occurs when all factors or inputs are increased keeping fa
what is marginal cost
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