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Planned Order Releases - MRP System
In an MRP system, if gross requirements exceed the quantity on hand and on order, a net requirement results. Planned orders are created to equal or exceed the net requirements in order to create a balance between supply and demand.
Period
Each period refers to a future time. The time period, or time slot, may be a day, a week or a month. Another name for these time slots is time bucket. The size of the bucket will be discussed later.
Figure 3.7 in the above textbook. Using the figure in guide, determine the approximate size of the market surplus or shortage that would exist at a glance of a) $40 b) $20
What is third degree price discrimination? Explain with case analysis,give two successful & unsuccessful cases of 3rd degree price discrimination.
GOOD GOVERNANCE TO ENSURE IMPLEMENTATION OF ECONOMIC POLICY: Government is very sensitive to the expectation of the people and sincere efforts in this direction have already
social welfare ordinal
Assume that the market for lamb is perfectly competitive. Using an appropriate model (or models) illustrate and explain a. How a competitive market arrives at equilibrium
fundamental problems
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
The efficiency loss of a tax is the tax revenue collected by government minus the value of the public goods financed through the tax. Why is this false?
illustrate and discuss the implications of various market structures (competitive and non competitive) for price determination
Normal profit: Normal profit is when total revenue is exactly equal to total cost when the latter includes both explicit costs. It is the type of profit when made by firms in
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