Answer:
Pure competition
Explanation:
Pure competition is a market structure characterized by many competitors selling similar products. Due to the high competition, market forces dertermine prices. Pure competition is also referred to as perfect competition. The other features of pure competition include.
- There many buyers and many sellers who have access to market information
- There are barriers no entry and exit in the market
- Firms sell homogeneous products
- Firms cannot influence the market price. Firms are price takers.
- The units of production such are homogeneous and are freely moving.
Answer:
b. The pattern of inventory consumption and replenishment over time.
Explanation:
- In the context of the E.O.Q model, the terms sawtooth refers to the patterns of the inventory consumption which is replenished over the time.
- The economic order quantity is the order quantity that minimizes the holding and the ordering cost and is one of the best classical production schedules models and applies only when a demand for a product is constant
Answer:
Shortage cost for May is $71,000
Explanation:
The expected demand for the month of May is 5000 units.
Shortages for month are carried to next month.
Shortage cost is $10 per month.
(Working days per month x hrs/day x # of workers)
20 days * 8 hours * 23 workers = 3680
Jan : 3680 - 3500 = +180
Feb : 3680 + 180 - 4500 = -640
Mar : 3680 - 640 -6000 = -2980
Apr : 3680 - 2980 -6500 = 5780
May : 3680 - 5780 -5000 = 7100
To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.
<h3>What is meant by the maximization of income?</h3>
This can be defined as the capability of a given business or a company to earn the maximum profit that they would need in order to take care of the business in the lowest cost possible. It is the amount of money that is made from the business with the lowest inputs.
Hence we can say that To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.
Read more on income here: brainly.com/question/25745683
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