Items may be considered free but the only reason companys are able to make the advertisement of free is the opportunity costs. Nothing is free so for companies to be able to have free products budgets and employee pay cuts must be made.
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Quick response serves as an inventory management system that delivers less merchandise on a more frequent basis.
<h3>What is Quick response?</h3>
Quick response can be regarded as a method which helps the retailers or manufacturers to share their inventory needs almost in real-time.
Quick response is more frequent compare to traditional inventory systems.
Learn more about Quick response at;
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Answer:
Comparative Advantage: A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country as compared to the other country.
For determining comparative advantage, countries compare their good's opportunity cost with the other country's goods opportunity cost.
Homeless:
10 – t^2
/320 > 0
10 > t^2
/320
3200 > t^2
t < 40√2 = 56.6
College students:
10 – t^2
/160 > 0
10 > t^2
/160
1600 > t^2
t < 40
Wait time would have to be at least 40 minutes to prevent college students from waiting.