Answer:
opportunity cost, the elderly woman is alsotaking a cost by not doing nothing as it renounce to doing the walks to obtain safety at home.
Under economics concepts everything has at least one opportunity cost associated with it.
Explanation:
The opportunity cost represent the best alternative we renounce for the given course of action or use of the resources.
In this case not going to walk has the cost walking.
<u>Solution and Explanation:</u>
<u>As per the given data:</u>
Quarter 1 = 90000, Quarter 2 = 90000, Quarter 3 = 60000, Quarter 4 = 140000
a. Quarterly production rate is calculated as follows:
Q = ( 90000 + 90000 + 60000 + 140000 ) divide by 4
after calcualting the above equation, we get, = 95000 gallons per quarter tin order to meet the demand.
b. Anticipation inventory:
1 st quarter = 95000 minus 90000 = 5000 gallons
2 nd quarter = 95000 minus 90000 = 5000 + 5000 in prior quarter = 10000 gallons
3 rd quarter = 95000 minus 60000 = 35000 + 10000 in prior quarters = 45000 gallons
4th quarter = 140000 minus 450000 minus 95000 = 0 gallons.
The doctrine of strict liability is a legal doctrine and makes a person or company responsible for the products being sold or actions and services that may have caused damages regardless of the negligence of the user. In this regard, the strict liability doctrine may also be filed against the area of other good manufacturing.
