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1. An agent has a utility function over goods 1 and 2 of the form U = xc1 x d2 where c is your individual number and d is your minimum number. The agent's income is equal to your 2-digit number. The price of good 1 is your maximum number and the price of good 2 is your median number.
Derive the demand functions of agent for good 1 and good 2. Compute the quantities of good 1 and good 2 in the agent's optimum bundle.
In a single period model if shortage cost is four times excess cost then the optimum service level is what percent?
Recently the managers for a large retail department store stated that a study has revealed that female shoppers spend on average 23.5 minutes longer in the store per visit than do
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steps involved in opeartion amnagemnt
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