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1 year ago

If the other island's delegate offers to give you 2 fish for every 1 coconut you give them you will?

1 answer:

5 0

If you are offered 2 fish for every 1 coconut by the Island's delegate then you will reject it because it cost more than 2 fish to make one coconut.

<h3>What should you do about the island delegate's offer?</h3>

In order to make one coconut, the number of fish that you give up are:

= 1500 / 500

= 3 fish

The Island's delegate is therefore offering you less fish than what it costs to produce a coconut so you should reject the offer.

First part of question is:

This problem has been solved!

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You are the Minister of Trade for a small island country in the South Pacific with the annual production possibilities curve depicted below on the left. You are negotiating a deal with a neighboring island that has the annual PPC depicted below on the right:

Find out more on terms of trade at brainly.com/question/17727564

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motikmotik

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4 0

1 year ago

A coffee shop buys 2000 bags of their most popular coffee beans each month. The cost of ordering and receiving shipments is $12

aleksley [76]

Solution :

The optimal order quantity, EOQ = $\sqrt{\frac{2 \times \text{demand}\times \text{ordering cost}}{\text{holding cost}}}$

EOQ = $\sqrt{\frac{2 \times 2000 \times 12}{3.6}}$

= 115.47

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$=\frac{2000}{115.47}$

= 17.32

The daily demand = demand / number of working days

$=\frac{2000}{240}$

= 8.33

The time between the orders = EOQ / daily demand

$=\frac{115.47}{8.33}$

= 13.86 days

ROP = ( Daily demand x lead time ) + safety stock

$=(8.33 \times 8)+10$

= 76.64

The annual holding cost = $\frac{EOQ}{2} \times \text{holding cost}$

$=\frac{115.47}{2} \times 3.6$

= 207.85

The annual ordering cost = $\frac{\text{demand}}{EOQ} \times \text{ordering cost}$

$=\frac{2000}{115.47} \times 12$

= 207.85

So the total inventory cost = annual holding cost + annual ordering cost

= 207.85 + 207.85

= 415.7

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2 years ago

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Montano1993 [528]

Answer:

get each individual to state the problem from his or her viewpoint.

Explanation:

The first step that managers should take to resolve a conflict within a diverse team is to get each individual to state the problem from his or her viewpoint.

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