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Question about Safety Stock
1. Is Safety Stock required in an MRP system? Why?
2. Does using JIT negate the use of an MRP system? Why?
3. Most practitioners currently update MRP weekly or biweekly. Would it be more valuable if updated daily, or even on a real-time basis? Explain why.
What is the difference between contractionary and expansionary monetary policy?
You are the manager of a firm that manufacturers front and rear windshields for the automobile industry. Due to economies of scale in the industry
Explain if you are traveling to Europe in six months and you believe the Euro is going to appreciate against the American dollar, list two ways you could hedge this situation and protect yourself against the appreciation.
Using the following data calculate Disposable Income:
The demand scheme for the product created by a monopolist. Quantity demanded Price Total revenue Marginal revenue Price elasticity.
Prepare a chart that lists three strengths and three weaknesses of the Consumer Price Index calculation.
Give a brief summary of the GDP trends over that timeframe and discuss two or three events which may have caused these trends.
Find out the average total cost and average variable cost as a function of the level of output. Assuming the firm has the same cost curves in the long-run for q>0 and C (0) =0, how much will it produce in the long-run?
Assume that two individuals have the similar tastes and the same initial endowments. What can you say about the efficiency of the allocation.
By how much and in which city is the hotel room cheaper.
Estimate the own price-elasticity of demand.
What money supply must the Bank of Canada set next year if it wants to keep the price level stable? What money supply must the Bank of Canada set next year if it wants inflation of the ten percent?
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