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3 years ago

When the allocation of goods and services by a modern mixed economy is not efficient,

1 answer:

maks197457 [2]3 years ago

6 0

Hey there!

Governements may step in to resolve the market failure is the answer to your question

Have a great day! :)

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A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a

Alex777 [14]

Answer:

annual demand = 1,215 bags of flour

ordering costs = $10 per order

annual carrying costs = $75 per bag

a. Determine the economic order quantity.

EOQ = √[(2 x S x D) / H]

EOQ = √[(2 x $10 x 1,215) / $75] = 18 bags of flour

b. What is the average number of bags on hand?

average number of bags on hand = 18 / 2 = 9

c. How many orders per year will there be?

total number of orders per year = 1,215 / 18 = 67.5 orders

d. Compute the total cost of ordering and carrying flour.

total cost of ordering flour = 67.5 x $10 = $675

since we assume that the company keeps operating after the year ends, we can use fractions when calculating the number of orders per year

total cost of carrying flour = 9 x $75 = $675

total cost of ordering and carrying flour = $1,350

3 0

2 years ago

Which of the following is not correct? a. The consumer price index gives economists a way of turning dollar figures into meaning

Marina CMI [18]

Answer:

The consumer price index is used to measure the quantity of goods and services that the economy is producing.

Explanation:

CPI or consumer price index is a measure of changes in the average prices of a basket of products and services in a given time. The selected goods and services are a fair representation of consumption expenditure in the economy. Economists use the CPI as a Macroeconomic indicator of inflation.

As a measure of inflation, the CPI statistics communicate increases or decreases in the prices of goods and services in the economy. It forms a basis for policy decisions by the government that aid in the prevention of reduced purchasing power of the dollar. CPI is all about changes in prices and nothing to do with the production of goods and services.

5 0

3 years ago

Unemployment arising from a persistent mismatch between the skills and characteristics of workers and job requirements is called

Naily [24]

<span>Structural unemployment</span>

5 0

3 years ago

Generally, a high ___________ ratio could lead investors and creditors to view the company as being very risky debt to owners' e

Ipatiy [6.2K]

High <u>debt to owner's equity ratio. </u>

This is total liabilities divided by total assets and shows a company's financial leverage, also known as their ability to handle current and future financial obligations.

6 0

2 years ago

Read 2 more answers

Tony, a production manager at Brighton Biometrics, needs to measure the performance of 10 subordinates. He writes their names on

prisoha [69]

Answer:

Alternation ranking method.

Explanation:

Tony, a production manager at Brighton Biometrics, needs to measure the performance of 10 subordinates. He writes their names on a paper and circles Paula's name as the best-performing employee of the group. He then circles Erma's name as the worst employee of the group. He rates the remaining employees as second best, second worst, and so on. In the context of methods of performance measurement, Tony is using the alternation ranking method.

This method basically ranks employees from the very best to the worst based on a particular trait. Choosing the highest down to the lowest until every one of them are ranked.

6 0

2 years ago