Answer:
74 units; 93 units
Explanation:
Given that,
Holding cost, H = $2 per unit
Carrying cost, O = $55
Demand in first half, D1 = 590 units
= 590 ÷ 6
= 98.33 per month
Demand in second half, D2 = 940 units
= 940 ÷ 6
= 156.67 per month
For D1; EOQ:
= 73.54 or 74 units
For D2; EOQ:
= 92.82 or 93 units
Hence, the appropriate order size will be 74 units and 93 units.
With credit, you can get a car, or anything that is expensive, if you have bad credit, it would be hard to get these things, with credit, you can also try things for free, people who have bad credit, are not trusted to return the items they try.
Answer:
should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice
Country A should specialise in the production of beans and B should specialise in the production of rice
C) PAC<span>s are formed by interest groups to donate campaign funds and support political candidates.
Political Action Committees are committees organized to donate money for a candidate's campaign. Interest groups usually support certain candidates in return for policies that will benefit the people apart of that interest group. To support the candidate, they form or join PACs in order to donate money to get that candidate elected.</span><span />
E. Individuals in the country may pursue their own economic growth and self-interest by doing whatever is best for them
Explanation:
