Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The correct answer is: declines; higher economic; will incur losses.
Explanation:
A perfectly competitive firm has 1,000 firms that are operating in the long-run equilibrium.
Out of these firms, 100 firms have adopted a new technology that has caused their average cost of production to decline.
These firms will be able to produce more output at the same cost. As a result, their supply will increase, this will cause the price to decline.
The firms with new technology that are facing a lower average cost of production will earn positive economic profits as they have lower costs.
The firms with old technology that have higher production costs will incur economic losses as they have higher costs.
The channels through which advertising is carried to prospective customers are advertising is: advertising media.
<h3>What is advertising?</h3>
Advertising can be defined as the way of creating product awareness so as to generate sales.
Hence, Advertising media tend to play an important function when it comes to creating product or brand awareness based on the fact advertising media is a channels through which advertising is carried to prospective customers.
The complete question is:
The channels through which advertising is carried to prospective customers; includes newspapers, magazines, radio, television, outdoor advertising, direct mail, social media, and the internet.
Learn more about advertising here:brainly.com/question/1658517
#SPJ1
Answer:
Annual demand (U) = 90.000 bags
Cost of each bag = $1.50
Inventory carrying cost per unit(C) = $1.50 × 20% = 0 30
Ordering cost per unit (O) = $15
Part A)
EOQ = 3,000
Part B)
Maximum inventory = EOQ + Safety inventory on hand
Maximum inventory = 3000 + 1000
Maximum inventory = 4.000
Part C)
Average inventory = Maximum inventory + Minimum or Safety /2
Average inventory = 4,000 + 1,000 / 2
Average inventory =2,500
Part D)
How often company order = Annual demand / EOQ
How often company order = 90,000 / 3.000
How often company order = 30
