Answer:
Price
Quantity supplied
Explanation:
The supply curve plots price on the vertical axis and quantity supplied on the horizontal axis.
The supply curve is upward sloping. This indicates the law of supply which says, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
Answer:
Hello your question is incomplete attached below is the complete question
answer:
A) 32 units ( number of units per month per worker )
B) number of workers required = 975 / 32 ≈ 31
c) mean of the two values = 138 + 41 ) / 2 = $89.50
Explanation:
A) Determine a minimum inventory production plan ( i.e. one that allows arbitrary hiring and firing )
The number of units per month per worker = 32 units
To have a minimum/least inventory; production plan = demand by hiring or firing
of employees
<em>attached below is the table </em>
B) determine the production plan that meets demand but does not hire or fire workers during the six-month period
To determine this production plan we have to find the per month production = (Total demand - beginning inventory ) / 6
= ( 6350 - 500 ) / 6 = 975 units produced
number of workers required = 975 / 32 ≈ 31
C) Calculate The cost of subcontracting needed to beat the cheaper of the two options above
regular cost = 8 * 5 = $40
we will keep 30 workers in order to determine how much subcontracting is needed and the maximum and minimum value of each unit is kept hence the overall cost < $253900.
if subcontracting cost = $138 then total cost = $253820
If subcontracting cost = $41 then total cost = $245090.
Therefore mean of the two values = 138 + 41 ) / 2 = $89.50
D) subcontracting cost of $50 formulating a LP and solve to optimality for the constraints of this problem
Z <= (Y+1)*7680 , X + 32Y >= 5850
