"Why can production only take place on or inside the curve?"
Answers
Answer:
I suppose that you are referring to a production possibilities frontier (PPF) curve. Total production output can only take place on or inside the curve because the PPF curve gives us the maximum combination of output that we can produce of two different goods using all available resources.
e.g.
Cars Boats
100 0
80 15
60 30
40 45
20 60
0 75
If you want to produce 60 cars, the maximum number of boats that can be produced is 30. You can produce less than 30 boats, and have some spare unused resources, but you cannot produce 40 boats.
Related Questions
how much input should be used to produce a product or provide a service is specified by standards. (enter only one word per blank.)
Answers
Answer:
quantity
Explanation:
its quantity
Which of the following factors are important considerations when evaluating a business idea? (Check all of the boxes that apply)
Your personality
Location of business
Your finances
Your competition
Number of employees
The number of hours you will work weekly
Answers
Answer:
location of business
your finances
which term is used to describe large businesses that require special hardware geared for heavy use, and maximum availability and efficiency to fit the needs of their hundres or thousands of workers
Answers
Answer:
enterprise
Explanation:
Enterprise is the term that is used to describe large businesses that require special hardware geared for heavy use, and maximum availability and efficiency to fit the needs of their hundreds or thousands of workers.
Which of the following situations is the demand most likely to be reduced
Answers
Answer:
The higher the price, the higher the producer's profits. Your needs and wants are unlimited. If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.
Pls help this is timed
Answers
Answer:
It's the first one Co-signer or gardien to make sure someone will repay
Answer:
The first one: Co-signer or Guaranteer to ensure someone else will repay.
Explanation:
This person is usually a parent of guardian but it's not required that they are. The bank just wants to make sure they'll get their money.
which is not a cause of groupthink? group of answer choices cohesiveness biased leadership isolation apathy stress
Answers
There are several main causes of groupthink these include group cohesion,general group isolation,group leadership,and decision-making stress.
High levels of cohesion decrease the amount of verbal dissent within a closed group,due to interpersonal pressure to conform.Irving Janis identified eight signs that are closely associated with groupthink illusions of unanimity,unquestioning beliefs,rationalization,stereotyping, mind guards,illusions of invulnerability,and direct pressure on opposing viewpoints.Groupthink is a phenomenon that occurs when the desire for group consensus overrides people's common sense desire to present alternatives,criticize a position,or express an unpopular opinion.In this case,the desire for group cohesion effectively drives good decision making and problem solving.Examples of groupthink can be found in historical events such as the US invasion of Iraq, the Bay of Pigs invasion of Cuba,the Space Shuttle Challenger disaster,and the Enron disaster Arthur Anderson scandal.
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A customer relationship management (CRM) system helps a company in managing ______.
Select one:
a. material sourcing and procurement
b. product development and manufacturing
c. distribution and accounting
d. human resources and finance
Answers
A customer relationship management (CRM) system helps a company in managing material sourcing and procurement. Therefore, option A is correct.
What is customer relationship management ?The management of client data is aided by a customer relationship management (CRM) system. It aids in team communication, gives actionable information, connects with social media, and supports sales management. CRM solutions that are hosted in the cloud provide total mobility and access to a variety of custom apps.
A tool known as customer relationship management (CRM) is used to handle all interactions and relationships between your business and its clients. The objective is straightforward: to strengthen business ties. CRM systems assist businesses in maintaining contact with clients, streamlining procedures, and boosting profitability.
Thus, option A is correct.
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Consider the following work breakdown structure: Create a PERT Chart What is the Critical Path?
Answers
Critical Path: The critical path is the longest task sequence of a project. PERT charts are used to determine the critical path of a project to estimate its duration
What is the Critical Path?
WBS resolves the project into actionable steps and manageable sections. Start with the earliest task, and determine which following activities cannot be completed until this task is finished. The longest, more time-consuming task is the next step in the critical pathCritical Path Analysis formally identifies tasks which must be completed on time for the whole project to be completed on time. It also identifies which tasks can be delayed if resources need to be reallocated to catch up on missed or overrunning tasks.Calculating Critical Path is a simple 4-step process.Step 1: Find Activities. Activities for this project are as below (output from Define Activities process) – ...Step 2: Build Schedule Network Diagram. ...Step 3: Find all Possible Paths. ...Step 4: Calculate Duration for Each Path.To learn more about PERT chart refers to:
https://brainly.com/question/30204296 #SPJ4Still haven't got corona, even a global pandemic don't want me..
Answers
Answer:
Same Who knows Can't Say that until this Pandemic Over
Explanation:
QuestionCove its Aight My User KazGotFetee
in its relationship with an agent, an exporter is known as the:
Answers
An exporter's connection with an agency is referred to as the Principal. Here option A is the correct answer.
In the context of international trade, an exporter refers to a business or individual who sells goods or services to buyers located in other countries. When an exporter engages the services of an agent to facilitate their international sales, the exporter assumes the role of the principal in the relationship. The agent, acting on behalf of the exporter, represents their interests and promotes their products or services in the target market.
The exporter, as the principal, maintains control over the export process and retains ownership of the goods or services being sold. They establish the terms and conditions of the export agreement, including pricing, payment terms, and delivery arrangements.
The agent, on the other hand, acts as an intermediary, working closely with the exporter to find potential buyers, negotiate contracts, handle documentation, and facilitate the export transaction. By establishing a relationship with an agent, the exporter can leverage the agent's local knowledge, contacts, and expertise in navigating the target market.
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Complete question:
In its relationship with an agent, an exporter is known as the:
A) Principal
B) Supplier
C) Importer
D) Distributor
Read the stage direction: As the first of the mob reaches the bottom steps. The screen door opens and Goodman comes out, a man in his early forties who first greets them smiling and then letting the smile fade as he sees the faces. Based on the stage direction, what should the reader visualize? *
a group of people calmly approaching Goodman’s home
a group of confused people rushing to safety at Goodman’s home
a group of angry people approaching Goodman’s home
a group of people rushing to save Goodman from the outage
Answers
Answer:
C.
Explanation:
A group of angry people. L(-_-)\
\
Answer:c lol angry people
Explanation:
Consider a Cobb-Douglas production function for rice with Q = 200* K0.25 L0.75 where Q = number of rice produced in cavan; K = the land area in ha covered with the crop : L = number of employed workers during the 3-month production period (16 days work). For production cost, the following is set: T = average rent/hectare of agricultural land; w = daily wage rate/person; C = total production cost 1. Solve for the input demand functions, where each kg of tomato is sold at p 2. Solve for the output supply function 3. Solve for the indirect profit function 4. Solve for the conditional input demand functions 5. Solve for the indirect cost function 6. Upon consolidating the expenses, land rent is at P3,900 and daily wage is at P350. With a capital of P56,000 for 3 months. The selling price of rice is P2100/cavan. Find the combination of inputs that maximizes profit, along with the maximum output level. Confirm the optimal inputs by solving via cost minimization,
Answers
1. The input demand functions in the Cobb-Douglas production function are:
Demand for capital: (MPL / MPK) = 0.75 / 0.25(K / L) = 3L/K
Demand for labor: (MPK / MPL) = 0.25 / 0.75(K / L) = 0.33K/L
Where MPL is the marginal product of labor, MPK is the marginal product of capital, L is the number of laborers, and K is the amount of capital.
2. The output supply function for the Cobb-Douglas production function is:Q = 200K^0.25L^0.75
Where Q is the number of units produced, K is the amount of capital, and L is the number of laborers.
3. The indirect profit function for the Cobb-Douglas production function is pi = 200K^0.25L^0.75 - (wL + TK^0.25L^0.75)Where pi is the indirect profit, w is the daily wage rate per person, and T is the average rent per hectare of agricultural land.
4. The conditional input demand functions in the Cobb-Douglas production function are:K(L) = (w / (0.25T))^(1 / 0.75)L^(1 / 0.75)L(K) = (w / (0.75T))^(1 / 0.25)K^(1 / 0.25)
5. The indirect cost function for the Cobb-Douglas production function is: C = wL + TK^0.25L^0.75
6. To find the combination of inputs that maximizes profit, we first need to calculate the profit-maximizing input levels. Setting the derivative of the indirect profit function with respect to L equal to zero, we get:(1.5w / T)^0.25K^0.25L^(-1 / 4) = 1, or L = (1.5w / T)^0.25K^0.25Setting the derivative of the indirect profit function with respect to K equal to zero, we get:(0.5w / T)^0.75K^(-0.75)L^(3 / 4) = 1, or K = (0.5w / T)^1L^(1 / 3)Substituting these equations into the output supply function, we get:Q = 200[(0.5w / T)^1L^(1 / 3)]^0.25[(1.5w / T)^0.25K^0.25L^(-1 / 4)]^0.75
Simplifying, we get:Q = 54.7725w^0.25T^0.75K^0.1875L^0.5625To find the maximum output level, we set the derivative of the output supply function with respect to L equal to zero and solve for L. We get:L = (K / T)^0.667w /
This gives us the maximum output level. To confirm the optimal inputs, we can solve via cost minimization. We set the derivative of the indirect cost function with respect to L equal to the derivative of the indirect cost function with respect to K and solve for L and K.
We get:L = (w / 3T)^(4 / 7)K^(3 / 7)andK = (3w / T)^(3 / 7)L^(4 / 7)
Substituting these values into the output supply function, we get the profit-maximizing output level.
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On January 1, a machine with a useful life of four years and a salvage value of $21000 was purchased for $176000. What is the depreciation expense for year 2 under straight-line depreciation
Answers
Depreciation expense for year 2 under straight-line depreciation is $39,250.
Straight-line depreciation is a method of allocating the cost of an asset evenly over its useful life. To calculate the annual depreciation expense, we subtract the salvage value from the purchase price and then divide the result by the useful life. In this case, the annual depreciation expense would be ($176,000 - $21,000) / 4 = $38,750. This means that for year 2, the depreciation expense would be $38,750 since the machine has a total useful life of four years. However, since straight-line depreciation assumes an even depreciation expense each year, we add half of the annual depreciation expense to the first year's expense to calculate the expense for year 2. Therefore, the depreciation expense for year 2 under straight-line depreciation is $38,750 / 2 + $38,750 = $39,250.
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Read the chart. In 2017, the government spent the least amount of money on which discretionary spending category
Answers
In 2017, the government spent the least amount of money on: Health and Human Services Department.
What is government spending?Government spending can be defined as the amount of money government spent to purchase or acquire goods and services or provide services to the people.
Hence, in the year 2017 the government spent the least amount of money on Health and Human Services Department discretionary spending category compare to others department.
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Answer: Health and Human Services Department
Explanation:
Only $74 billion were spent which is 1.8%, this is the least amount of money spent in the graph.
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:
Current Year Previous Year
Sales $613,000 $515,000 Cost of merchandise sold 380,060 283,250 Selling expenses 91,950 92,700 Administrative expenses 104,210 82,400 Income tax expense 12,260 20,600 Question Content Area
a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers.
Innovation Quarter Inc.
Comparative Income Statement
For the Years Ended December 31
(Current (Current (Previous (Previous
year year year year
Amount) Percent) Amount) Percent)
Sales $613,000 fill in the blank $515,000 fill in the blank
e63eb303807c054_1% e63eb303807c054_2%
Cost of merchandise sold 380,060 fill in the blank 283,250 fill in the blank
e63eb303807c054_3% e63eb303807c054_4%
Gross profitIncome from operationsNet incomeTotal operating expenses
Gross profit $Gross Gross $Gross Gross
profit profit% profit profit%
Selling expenses 91,950 fill in the blank 92,700 fill in the blank
e63eb303807c054_10% e63eb303807c054_11%
Administrative expenses 104,210 fill in the blank 82,400 fill in the blank e63eb303807c054_12% e63eb303807c054_13%
Gross profitIncome from operationsNet incomeTotal operating expensesTotal operating expenses $Total Total $Total Total
operating operating operating operating expenses expenses expenses
Gross profitIncome from operationsNet incomeTotal operating expensesTotal operating expenses Income from Income from Income Income
operations operations% from from operations operations%
Income tax expense 12,260 fill in the blank 20,600 fill in the blank
e63eb303807c054_24% e63eb303807c054_25%
Gross profitIncome from operationsNet incomeTotal operating expensesNet income
$Net income Net income% $Net income Net income%
Question Content Area
b. The vertical analysis indicates that the cost of merchandise sold as a percent of sales increaseddecreased by 7 percentage points, while selling expenses
increaseddecreased by 3 percentage points, and administrative expenses
increaseddecreased by 1 percentage points. Thus, net income as a percent of sales increaseddecreased by 3 percentage points.
Answers
On the basis of revenue and expense data for Innovation Quarter Inc. for two recent years, the income statement is given below and the net income as a percent of sales decreased by 3 percentage points.
The income statement in comparative form, stating each item for both years as percent of sales is as follows:
a)-To prepare a comparative income statement for Innovation Quarter Inc., we need to find the percentages of each item relative to sales.
Innovation Quarter Inc.
Comparative Income Statement
For the Years Ended December 31
(Current Year | Percent | Previous Year | Percent)
Sales $613,000 | 100% | $515,000 | 100%
Cost of merchandise sold $380,060 | 62% | $283,250 | 55%
Gross profit: $232,940 | 38% | $231,750 | 45%
Selling expenses $91,950 | 15% | $92,700 | 18%
Administrative expenses $104,210 | 17% | $82,400 | 16%
Total operating expenses $196,160 | 32% | $175,100 | 34%
Income from operations $36,780 | 6% | $56,650 | 11%
Income tax expense $12,260 | 2% | $20,600 | 4%
Net income $24,520 | 4% | $36,050 | 7%
b)-The vertical analysis indicates that the cost of merchandise sold as a percent of sales increased by 7 percentage points, while selling expenses decreased by 3 percentage points, and administrative expenses increased by 1 percentage point.
Thus, net income as a percent of sales decreased by 3 percentage points.
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Which of the following statements about a strong-culture company is false?
A) Decisive leadership on the part of top
executives, an industry-leading market share, and strict enforcement of long-standing company policies are all important traits of a strong culture company.
B) In strong culture companies, senior managers make a point of reiterating key principles and core values to organization members; more importantly, they make a conscious effort to display these principles and values in their own actions and behavior—they walk the talk.
C) Continuity of leadership, small group size, stable group membership, geographic concentration, and considerable organizational success all contribute to the emergence and sustainability of a strong culture.
D) In a strong-culture company, culturally-approved behaviors and ways of doing things are nurtured while culturally-disapproved behaviors and work practices get squashed.
E) Senior managers insist that company values and business principles be reflected in the decisions and actions taken by all company personnel; moreover, individuals encounter strong peer pressures from
co-workers to observe culturally-approved norms and behaviors.
Answers
Answer:
A. Decisive leadership on the part of top executives, an industry-leading market share, and strict enforcement of long-standing company policies are all important traits of a strong culture
Explanation:
Option A is the correct answer to this question.
The company's culture are the beliefs that it holds which influences every area of a business. When starting a business or running an existing one, you company's culture that is essential to the overall success and growth of your company. Strong company cultures are result oriented
Ray lends $3,500. 00 $ 3,500. 00 to aron at a simple interest of 15% 15 % per year. Aron returned him $3,000. 00 $ 3,000. 00 and a watch after 2 2 years to clear the account. What is the price of the watch?.
Answers
The price of the watch, given the simple interest on the loan from Ray to Aron, is $ 1, 550
How to find the price of the watch?The price of the watch would be the amount that when added to the $3, 000 that was paid back, would complete the repayment of the debt of $3, 500 from Ray.
First, find the total amount to be paid back:
= Loan amount + ( Loan amount x simple interest x number of years )
= 3, 500 + ( 3, 500 x 15 % x 2 )
= $ 4, 550
The value of the watch is:
= Total to pay back - Amount brought in cash
= 4, 550 - 3, 000
= $ 1, 550
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What are the five characteristics of a use case that impacts its importance level?
Answers
The five characteristics of a use case that impact its importance level are as follows: criticality, frequency, business value, complexity, and risk.
1. Criticality: The criticality of a use case refers to its impact on the overall success of the system or project. Use cases that are vital to the core functionality or objectives of the system are considered more important.
2. Frequency: The frequency of a use case represents how often it is expected to be executed. Use cases that are performed frequently or have a high usage rate tend to be more important.
3. Business value: The business value of a use case relates to its contribution to achieving business goals or generating value for stakeholders. Use cases that provide significant business benefits or align with strategic objectives are considered more important.
4. Complexity: The complexity of a use case refers to the level of difficulty or intricacy involved in its execution. Use cases that are more complex, requiring extensive logic, integration, or dependencies, are typically more important due to the effort and resources required.
5. Risk: The risk associated with a use case represents the potential negative impact or consequences if it fails or encounters problems. Use cases that involve higher risks, such as security vulnerabilities, regulatory compliance, or impact on critical operations, are considered more important.
Considering these characteristics helps prioritize use cases and allocate resources effectively during system development or enhancement. It ensures that critical, high-value, frequently executed, and complex use cases receive appropriate attention and resources, reducing risks and maximizing the overall success of the system.
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True or false: The key to success for companies in a capitalist economy is to remain inflexible during times of change.
Answers
It is false that the key to success for companies in a capitalist economy is to remain inflexible during times of change.
This is because times of change often involve changes in technology or customers' tastes. Any company that refuses to yield to change in technology or consumer taste risks the chance of remaining stagnant in the market.
Not only that, when a company remains inflexible during times of change, such a company tends to lose many customers.
For example, the failure of Nokia to use android early in its mobile phone product due to technological change cost them losing many customers.
Hence, in this case, it is concluded that the correct answer is False.
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according to keynes, the level of economic activity is predominantly determined by the level of
Answers
Answer:
Aggregate demand
Explanation:
I hope this helps.
Which is a good rule to follow when sending business emails? (1 point)
Answers
Answer:
Avoid forwarding spam and unnecessary messages such as chain letters.
Explanation: did the test
The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.
What is email?An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.
It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.
When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.
Therefore, the use of formal languages and proper formats made the emails more accurate.
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Type the correct answer in the box.
Identify the marketing research technique implied in the scenario.
A toothpaste manufacturing company has created a new ad for their product to air on television. After the ad airs, bcthey intend to show the ad to a certain
number of customers and then ask them for their feedback regarding the ad. This company is engaging in the _____________
market research technique.
Answers
The company is engaging in Customer behavior marketing research techniques.
Consumer Behavior
Consumer behavior refers to the study of consumers and the actions and the decision processes they use to purchase goods and services to satisfy their needs and wants, including emotional, mental, and behavioral responses
Types of
Complex buying behaviorDissonance-reducing buying behaviorHabitual buying behaviorVariety seeking behaviorHence, The company is engaging in Customer behavior marketing research techniques.
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Tim's $2,500 boat trailer was stolen from his driveway. Ignoring any deductibles, how much can Tim receive for his stolen trailer when he files a claim against his homeowners policy?
Answers
Answer:
generally $1,000, but some policies can cover up to $1,250
Explanation:
Home insurance provides only very limited protection to boats or other watercraft that you might own. They are also very specific circumstances under which they will be covered and as long as it happens within your residence. In this case, since the boat trailer was stolen from your driveway you insurance policy will probably cover it, but the amount is relatively small. Most policies will cover only $1,000 and some might even cover up to $1,250, but generally the lesser amount is covered. If you own a boat it is usually recommended to get a boat insurance policy.
nal Accounts Section Sales Cost of sales Rent income Interest on fixed deposit Directors' fees Salaries and wages Bad debts Audit fees Bank (ts) Advertising Consumable stores A. Sundry expenses Ordinary share dividends ADJUSTMENTS AND ADDITIONAL INFORMATION: 750 000 15 450 000 1 230 000 1315 150 24 000 147 600 975 000 80 800 560 000 368 20 Selling prices are determined by using a mark-up of 40% on cost Note: Trade discounts of R130 000 were allowed to special customers the financial year. in me paffo Sales. How are sales calculated
Answers
The overall sales for the fiscal year are 21,500,000, according to the information provided.
What is the fiscal year?A fiscal year is a 12-month period used by businesses and governments for financial reporting and budgeting purposes. It does not necessarily coincide with the calendar year and can start on any date. The fiscal year is used to report financial results and tax obligations to the government, and it is important to follow it accurately to ensure that all financial reporting is consistent and accurate.
Based on the information provided, the total sales can be calculated as follows:
The total cost of sales = 15,450,000
Markup on cost = 40%
Total markup = 40% of 15,450,000
= 6,180,000
The total cost of goods sold (COGS) = Total cost of sales + Total markup
= 15,450,000 + 6,180,000
= 21,630,000
To calculate the total sales, we need to subtract any discounts given to customers from the COGS:
Total sales = Total cost of goods sold - Trade discounts
= 21,630,000 - 130,000
= 21,500,000
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If a revenue in total for a month was $9,550, fixed expenses were $9,000 and variable expenses were $300 what would be the total profit/loss for the month?
Answers
Answer:
the answer would be 250
because 9,000-9,550 = 550 -300= 230
companies use a predetermined overhead rate rather than an actual overhead rate because ______.
Answers
Companies use a predetermined overhead rate rather than an actual overhead rate because to get around this problem.
For businesses, using a predetermined overhead rate rather than an actual overhead rate can be beneficial in many ways.
Predetermined overhead rates provide a consistent and reliable estimate for the total overhead costs of a company, helping to ensure that sufficient funds are being allocated for these costs.
This type of rate also allows for easier budgeting since the amount of overhead costs is known in advance, rather than changing from project to project due to fluctuating actual costs. By using a predetermined overhead rate, companies can easily plan for and budget their overhead costs, helping them to stay on track financially.
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conomic progress often leads to multiple choice question. adoption of a democratic government. higher growth rates in a command economy. higher growth rates in a planned economy. adoption of a totalitarian regime.
Answers
Economic progress often leads to adoption of a democratic government.
How is democracy a result of economic growth?Higher levels of economic freedom, lower inflation, lower political instability, and higher levels of human capital accumulation are all indicators of democracies. Democracy is intimately linked to economic growth factors like longevity and educational levels through advancements in educational and medical institutions.
What factors determine economic progress?Three fundamental elements propel economic expansion: building up of capital stock. increases in the number of workers or hours worked, for example. technological progress.
What is economic advancement?What Economic Progress Means. Economic progress can be seen as an improvement in a society's capacity to generate more and better goods and services while using the same or similar resources.
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4. Does inflation cause a change in demand? Explain the role of inflation in determining demand.
Answers
Answer:
Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.
one qualifier to _____________ is that although it may settle the surface problem, it may not solve any ongoing problem.
Answers
one qualifier to mediation is that although it may settle the surface problem, it may not solve any ongoing problem.
What is mediation?Mediation can be regarded as procedure that is used by parties in solving their disputes.
Therefore, one qualifier to mediation is that although it may settle the surface problem.
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A business person uses 1500 units of a specific subassembly part yearly, with an annual holding cost of $45 per unit. each order placed costs them $150. in one year they find out that their forecasting department has made an error in estimating the demand and instead of the correct demand, they had reported the same 1500 units and calculated the eoq resulting in an error of 1% underestimation in optimal total cost. neglecting purchasing cost in your calculations, what is the correct demand value?
Answers
The correct demand value will be 1515.
What is demand value?
The Demand value is the quantity's average value during a specific time period.
How to determine the demand for a product?
Market demand is the level of consumer desire for a given product over a specific time period. A lot of variables influence market demand, including the number of consumers looking for your goods, their willingness to pay for them, and the amount of your product that is readily available from your business and your rivals.
Steps to calculate demand value
EOQ = sq. root( 2D × TC/HC)
Where EOQ is the Economic Order Quantity for a particular product
D is the demand for the particular product
TC is the total cost of producing the product
HC is the holding cost of producing the product
Substituting we get:
EOQ = Sq. root [ 2 × 1500 ×150 /45]
Solving we get EOQ = 100 units.
After the mistake correction, the TC is 148.5
Substituting values we get:
100 = Sqroot [ 2D × 148.5 / 45]
Solving the equation we get the Demand value as 1515.
Therefore, the demand value is 1515.
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