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An on-line retailer sells 12,000 pairs of shoes each month. A pair of shoes costs $50 on average, and the retailer incurs an annual inventory carrying rate of 52 percent.
a) For what value of fixed cost per order would an order size of 8,000 units per replenishment would be optimal?
b) For what value of fixed cost per order would an order size of 2,000 per replenishment would be optimal?
Economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy. The most significant of these variables are known as leading indicators, and they compose the index of leading economic ind..
Explain why globalization is good for the United States. What are the drawbacks of globalization for our economy? We run huge trade imbalances with two countries. Explain the cause of the imbalances. What is the economist's case for free trade?
Explain using the money market graph, what happens when (1) the price level (CPI) goes up, (2) when the discount rate is lowered and (3) when the Fed sells more bonds on the market. What will happen to the equilibrium interest rate in each case?
Hamsung , Inc., a manufacturer of electronic appliances, estimated the unit cost of one of its products as follows: Material costs $ 63 Labor costs $ 24 Overhead $110 $197 The overhead cost is made up of $50 per unit variable costs and $60 per unit f..
The short-run price elasticity of demand for tires is 0.90. The mid-point formula was used for this calculation. The price elasticity of demand for gizmos is known to be 1.0 (in absolute value). Mark is selleing gourmet apples at a price of $2 per po..
q. db - does microsoft have a monopoly over operating systems?former dean of the sloan school of management at
Panic in paradise: Are high fares the new reality for Hawaii? On March 31, 2008, Hawaii lost 15 percent of its air service as Aloha Airlines and the cheap-flight airline ATA suddenly shut down. Under what conditions the $1,000 fare would be considere..
When you describe the optimal conditions explain whether they apply across all industries or are peculiar to a particular industry. Are these times tested? That is, have these conditions occurred over the past 100 or more years and continue today pos..
Using the list below, identify each item in the list. Employee training problems. Employee/company operating process and procedure problems
The null hypothesis regarding a contingency table with 6 rows and 4 columns should be rejected (at 95% confidence) if the test statistic is greater than
Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald's, etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale
Assumes the perfectly competitive firm is in long-run equilibrium also there is an rise in Demand
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