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The production department for a company requires 7200kg of raw material for manufacturing particular item per year. It has been estimated that the cost of placing an order is A 72 and the cost of carrying inventory is 25 percent of the investment in the inventories. The price of raw material is A 20 per kg. Find the economic order quantity (EOQ), the total cost per unit time and the cycle time.
Italians focus on past; Americans focus on present. Italians therefore should generally be more resistant to change efforts than Americans. Does culture influence how change efforts will be implemented.
Business employs resources to use in the production and sale of a good or service. Accounting profit is typically used as a way of evaluating the success of a business, but economists argue that economic profit is more relevant to determining whether..
Explain how you would go about determining what are the potential harms and potential benefits of disclosing this information voluntarily Is there any information you feel cannot be included in the evaluation? What is it? Why can’t you include it?
What is the nominal GDP in 2011? What is the real GDP in 2011 (using 2010 prices)?
Discuss the major causes of global warming, the expected effects providing an indication of which effects are likely to be the most important economically, and identify the greatest uncertainties surrounding global warming.
How does economic cost work? I know that economic cost: cost of resources used to produce a good, this includes opportunity cost. I don't understand how opportunity cost is included in that though, can someone give me an example?
What does the elasticity of demand for labor measure? List and describe the three determinants of this type of elasticity.
An entrepreneur seeks $4 million from a venture capitalist. They agree that the entrepreneur’s venture is currently worth $12 million and that, when the company goes public in an IPO three years hence, it will have an expected market capitalization o..
According to the production function, with 300 labor hours, illustrate what is this economy's capacity to produce
According to a study of US cigarette sales between 1955 and 1985, when the price of cigarettes was 1% higher, consumption would be 0.4% lower in the short run and 0.75% lower in the long run (Becker et al., 1994).
Can there be a deficit on Current Account and a deficit on Capital Account at the same time? Explain. Explain why currency depreciation leads to an improvement in a nation's balance of trade. How is the exchange rate determined in a freely floating r..
q1. when the value of a nations imports exceeds the value of that nations exports the nation is said to have what?q2.
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