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JJ is selling an exclusive hand-made necklace on eBay. It is estimated that the demand next month is a function of price as follows: d(p) = 100 - 2p
a. What price maximizes JJ's revenue, and what is this maximum revenue?
b.Suppose JJ has only 20 necklaces available to sell next month. What price maximizes revenue, and what is this maximum revenue next month?
Determine which (if any) of the estimated coefficients are statistically different from zero. c. Explain, in plain words, what the R-square in this regression indicates.
Discuss the implications for supply chain leadership as their focus shifts from minimizing total supply chain cost to maximizing firm sustainability.
Last week employees at Renee's Fashions worked 360 hours to produce 128 garments. Of these, 8 were seconds which were sold at the outlet store for $90 each. The remaining 120 garments were sold to retail distribution for $120 each. What was the la..
Annual demand for the notebook binders at Duncan's Stationery Shop is 10,000 units. Dana Duncan operates her business 300 days per year and finds that deliveries from her supplier generally take 5 working days.
A company has recorded the last five days of daily demand on their only product. Those values are 120, 125, 124, 128, and 133. The time from when an order is placed to when it arrives at the company from its vendor is 5 days
How do you imagine project management might aid or detract from the contract negotiating process, depending on how mature the process is within the organization?
Select an outsourced service (e.g. - tablet manufacturing or liquid packaging, or biotech fermentation, or quality control testing, etc.) Go online and find a link to a company that provides this outsourced service.
Describe the strategic importance to updating survey data. Explain the different methods for updating data. Provide an example to illustrate updating data.
Determine the economic order quantity, the reorder point, total annual cost using the EOQ, if cost per tire is $35.00, holding cost is 20% of tire cost per year, demand is 1000 per year ordering cost is $20.00.
Which decision making tool would be used in identifying possible causes for a problem?
What are the primary differences in structure between a traditional, mechanistic organization designed for efficacy and a more contemporary, organic organization designed for learning? Be Specific.
Tom estimates that demand can be represented by a normal distribution with mean of 240 and a standard deviation of 100. The publisher's cost per book is $7.
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