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If the daily demand is 100 units and the lead time is 10 days, the reorder point is 1000 units
The formula for reorder point is:
Reorder point = (Average daily demand * Lead time) + Safety stock
putting the values in the above formual, we get,
Reorder point = (100 * 10) + 0
Reorder point = 1000 units
Demand is the number of consumers willing and able to purchase a product at various prices over a period of time. Demand for goods refers to consumers' desire to purchase goods and their willingness and ability to pay for them.
For example, if a consumer is hungry and buys a slice of pizza, the first slice has the highest utility or utility. Each additional piece makes the consumer happier and the profit decreases. Theoretically, the first production can get a higher price from the consumer.
Learn more about demand here:brainly.com/question/1245771
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Answer:
<h2>In this case,the answer would be option d. or an increase in taxes and at a given price level consumers feel less wealthy.</h2>
Explanation:
- Aggregate Consumption Expenditure is an important component or determinant of the aggregate demand(AD) which positively or directly affects the AD,meaning that a general increase in the aggregate consumption expenditure will increase the AD in the economy and vise versa.
- Now,an increase in income tax is evidently a bad news for the consumers or buyers in the economy as the disposable household income would decrease as a result and the consumers or buyers would have less money or income at their disposable to spend on various goods and services in the economy.
- Therefore,an increase in tax in this case would lead a fall in the disposable income of the consumers/buyers which will further lead to a decrease in the overall consumption expenditure in the economy.
- Hence,everything else held constant,as aggregate consumption expenditure decreases in the economy,the AD will also decrease consequently and the AD curve shift downward or leftward in the graphical illustration of the goods market.
Answer:
The equation that gives the price p they can charge for n shirts is
p = -0.005n + 82
Explanation:
Establish the variables for the equation
n = number of shirts that can sell
p = price per shirt
For case one we have n1 = 5000 p1 =$57
For case two we have n2 = 15000 p2= $7
Calculate the slope remeber that in this case the y will be represented by the price (p) and the x by the number (n) so we have:
m =
Replace in the equation (y-y1) = m (x - x1) with our variables:
(p-p1) = m(n-n1)
p - 57 = -0.005 (n - 5000)
p - 57 = -0.005n + 25
p = -0.005n + 25 + 57
p = -0.005n + 82
To verify we can replace for example the values of n2 to get p2 as follows
p= -0.005 (15000) + 82
p = - 75 + 82
p = 7
If fulfills the condition that for 15000 shirts the price is $ then the equation is correct
The principle is the loan amount so it would be $1,000.
Hope it helps!