Assume that every hat produced was shipped

Assignment Help Business Economics
Reference no: EM131802262

Bob's hat company makes three types of hats; cowboy hats, baseball hats, and golf hats. each week they produce a total of 200 hats. past experience has shown that the company needs to produce the same number of baseball and golf hats. shipping cost are $5 for each cowboy hat, $4. for each baseball hat, and $3 for each golf hat. If bob's spends $880 in shipping in a week, how many of each hat did he produce? Assume that every hat produced was shipped.

Reference no: EM131802262

Questions Cloud

Calculate the inventory value : On January 1, 2011, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. Calculate the inventory value at the end of 2011
Proportion of debt in a market-value capital structure : How do you calculate proportion of debt in a market-value capital structure given a debt/equity ratio?
Discuss an engineering company provides services : Assume an engineering company provides services for three types of clients
What is the demand for the product : Anna works on an assembly line where it takes her 20 minutes to produce 150 units of a product needed to fill a container.
Assume that every hat produced was shipped : If bob's spends $880 in shipping in a week, how many of each hat did he produce? Assume that every hat produced was shipped.
What was the amount of best buy cost of merchandise sold : Question - Determining cost of merchandise sold. Its gross profit was $10,998 million. What was the amount of Best Buy's cost of merchandise sold
Maximizing shareholder interests : How does maximizing the value of the corporation differ from maximizing shareholder interests?
What attributes help define a project success : How are organizations in today's competitive environment making progress to deliver projects expected benefits and provide value?
Lower transportation classification for new product : Assume the role of a firm trying to negotiate a lower transportation classification for a new product.

Reviews

Write a Review

Business Economics Questions & Answers

  Considering the addition of new tax on firms

Suppose the government of Washington is considering the addition of a new tax on firms. You have been called in to provide expert analysis on how such a tax would affect employment of labor. There are 3 proposals the government is considering:

  Reason ostensibly that developed economies

Using the Solow growth model explain is the main reason ostensibly that developed economies need to grow all the time?

  Cost to the government of buying firms unsold units

Consider a market where supply and demand are given by QXS = -16 + PX and QXd = 92 - 2PX. Suppose the government imposes a price floor of $40, and agrees to purchase any and all units consumers do not buy at the floor price of $40 per unit. Please sh..

  Illustrate what effect this decline had on

In mid 1990s, Japan's annual money supply growth rate fell to 1-2 percent from an average annual rate of 10-11 percent in late 1980s. illustrate what effect this decline had on.

  Oligopoly or monopolistic competition

You decide to open a restaurant in your neighborhood serving Italian fusion food. What market is this restaurant most like to me in – oligopoly or monopolistic competition and why? What do you believe the long term prospects are for profits and survi..

  Short run the longest period of time

Consider Boeing (a producer of jet aircraft), General Mills (a producer of breakfast cereals), and Wacky Jack's.

  What is the next best alternative method

In data smoothing, sometimes one can use the simple exponential smoothing method. What are the main disadvantages of this method? Then, what is the next best alternative method? Why? Explain.

  Qthis problem uses the heckscher-ohlin model to predict the

q.this problem uses the heckscher-ohlin model to predict the direction of trade. consider the construction of handmade

  Supply-demand curves that depsicts its market equilibrium

Asparagus is an identified good, draw a graph of both the supply and demand curves that depsicts its market equilibrium. From the original graph, describe the effects on the supply and demand (shift left or right) that would cause the following chang..

  Why would strengths weakness opportunities and threats

Kim Harris owns and operates a small retail store, selling the outdoor clothing of an American manufacturer to a predominately college-student market. Lately, a large department store outside of town has started selling similar but lower-priced cloth..

  Cost effectiveness

Calculate the ICER for the new treatment, assuming that the new treatment would replace the old one. In what quadrant is the ICER located in Figure 3-4? Is cost effectiveness analysis relevant? How does the answer change if the cost of the new treatm..

  Price elasticity of demand and addictive properties of crack

A second reason the government may impose a tax is to reduce consumption of a good. Such taxes are known as sin taxes. Some argue that we should make some drugs legal and tax them in order to raise tax revenues for the government. Given what you know..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd