Answer: D. . If Janice brings the lawsuit in a Nevada state court, the case must be heard there
Explanation:
Diversity of citizenship simply refers to cases where the people involved that is, the opposing parties are from different states or countries.
With regards to this, if Janice brings the lawsuit in a Nevada state court, the case must be heard there. In this case, Hot Plates, Inc. cannot have the case removed to federal court.
Therefore, the correct option is D.
Answer:
A parameter table was constructed to show the transportation problem and to also obtain an optimal solution.
Explanation:
<u>Solution</u>
(a) the first step is to prepare the problem as a transportation problem by establishing the appropriate parameter table
1 2 3 Supply
Source 1 31 45 38 400
(Plant) 2 29 41 45 600
3 32 46 40 400
4 28 42 M 600
5 29 43 M 1000
Demand 600 1000 800
The total supply is = 400 + 600 + 400+ 600+ 1000= 3000
Total demand is = 600 + 1000 + 800 = 2400
(b) since the problem given is an imbalanced transportation problem,to make it a balance transportation problem we will make use of what is called the dummy destination for this numbers 3000 - 2400 = 600
1 2 3 4 (Dummy) Supply
Source 1 31 45 38 0 400
(Plant) 2 29 41 45 0 600
3 32 46 40 0 400
4 28 42 M 0 600
5 29 43 M 0 100
Demand 600 1000 800 600
The positive independent number of allocations is equal to m+n -1 = 5 + 4-1 =8
This solution is a basic feasible solution called a non -degenerate
The cost of initial transportation is he initial transportation cost=31*400+29*200+41*400+46*400+42*200+M*400+M*400+0*600
=$61400+800M
Note: kindly find an attached document of the part of the solution of the work.
Answer:
C) amount a consumer is willing to pay minus the amount the consumer actually pays.
Explanation:
Consumer surplus is a situation in which a consumer is willing to pay more for a product but he/she actually pays less that is he pays a lesser price compared to what he is willing to pay.
For example, a consumer is willing to pay $5 for a magazine but when he got to the mall, the price of the magazine is $4. The consumer surplus will be price he is willing to pay minus the price he bought it.
Consumer surplus= $5-$4
=$1
Consumer surplus is the difference between between the willing price of a consumer and the actual price paid(lesser than the willing price). It is a benefit to the consumer because they pay less than what is expected at the same value of satisfaction.
Consumer surplus is represented on a supply and demand curve by the area between the equilibrium price and the demand curve.
Answer:higher real interest rate discourages current consumption and higher real interest rate encourages more saving.
Explanation:The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.
Our measure of credit demand is an indicator variable for a firm's need for bank loans decreasing during the period. We measure credit supply using information on whether a firm's loan application was rejected, or the firm received less than 75% of its desired amount.
Credit supply curve is a curve that plots the quantity of credit supplied at different real interest rates.
Answer: $109.3 per machine hour
Explanation: We can compute total production engineering cost per hour by using following equation :-
but first we need to calculate variable cost at 9600 hours :-
= $856,320
now,
=$109.3 per machine hour
