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My Kitchen Delights (MKD) is considering two new suppliers for the jars used in the production process. The quality at both suppliers is equal. Assume that the annual holding cost is 30% of the unit price. Monthly demand averages 20,000 jars. Ordering cost with these two suppliers is $30 per order. The price lists for the suppliers are as follows:Supplier A Quantity Unit Price 1-2499 $3.00 2500-3499 $2.90 3500-4999 $2.80 5000 or more $2.70 Supplier B Quantity Unit Price 1-1999 $3.50 2000-2999 $3.15 3000-3999 $2.85 4000-4999 $2.75 5000 or more $2.60 a)Determine the optimal order quantity when using Supplier A b)Determine the optimal order quantity when using Supplier B c)Given MKD's lack of space, which supplier do you recommend by used? Justify your answer.
A firm produces 4,000 units of output using 500 workers. Marginal cost is $10, the wage rate is $160, and total fixed cost is $100,000. What is the marginal product of labor?
Suppose average movie attendance is 250 million tickets when prices are $7 a ticket and 200 million when prices are $9 a ticket.
the rules of the syldavian electricity market stipulate that all participants must trade energy exclusively through the
the demand schedule for the product produced by a monopolist is given in the table below.nbsp complete the table by
what is the difference between a movement along and shift of the demand curve? show the impact on the equilibrium price
Two of the major macroeconomic measures that tell us how 'healthy' the economy is are "the unemployment Rate" and "the rate of Inflation". How do they matter to you as an individual who is part of this economic system
The local government of a city is concerned about increasing rental costs for residents, and decides to impose a ceiling price on the maximum rents that can be charged by landlords on apartments and houses.
1. caty consumes only goods x and y . her utility function is ux y minx y. we are given that px 3 py 6 and catys
The effect of rising energy prices for the economic wellbeing of households and the likely effect of increases in the cost of traditional sources of energy for the energy consumption patterns of Australian households
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the inco..
smaller multiplier means that the change in government purchases of goods and services or taxes necessary to close an inflationary or recessionary gap is larger. Explain this apparent inconsistency
Find the inverse demand curve. How much consumer surplus do consumers receive when Px=$35? How much consumer surplus do consumers receive when Px=$25? In general, to the level of consumer surplus as the price as the price of a good falls?
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