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Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units. Southeastern estimates its annual holding cost for this item to be $ 25 per unit. The cost to place and process an order from the supplier is $ 75. The company operates 300 days per year and the lead time to receive an order from the supplier is 8 working days.
[A] Determine the economic order quantity.[B] Determine the annual holding costs.[C] Determine the annual ordering costs.[D] Determine the reorder point?
Describe supply and demand as it relates to airport market structure(oligopoly). Describe customers options - given the customers are price sensitive
What is the source of these profits? Upon patent expiration, numerous rival drug companies offer generic versions of the drug to consumers.
The Business Cycle is the short-term fluctuations in the economy relative to the long-term trend in output; the recurring and fluctuating levels of the GDP growth rate over time.
The steady increase in demand for home computers has resulted in the massive increase in demand for web access, yet, the price of access has been steadily declining.
Compare the path of economic growth using GDP, GDP growth, and GDP per capita. Compare the evolution of Agriculture and Manufacture as components of GDP.
A refuse recycling operation is considering installing some additional magnetic sorting equipment which will protect the processing equipment from damage. Three alternative systems have been identified, each of which is estimated to save the compa..
What is an "oligopoly" and why do they exist? Mention three or four oligopolies whose products you own or regularly purchase.
Describe how the marginal product for a resource can change. Conclude with an explanation for what can change the demand for a resource.
A firm has a cost function given by the following: Find the firm's production function, y= f(x1, x2).
What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?
Assume the military bureaucracy consistently misinforms Congress on total costs of producing military hardware. Suppose that it underestimates the actual costs and that the political representatives believe these estimates.
Provide an example of the price discrimination for good or service which you thought it to unfair. Do you still believe that the discrimination is unjustifiable.
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