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4 years ago

Laws designed to promote competition and prevent the formation of monopolies are known as _______ laws

1 answer:

6 0

Laws designed to promote competition and prevent the formation of monopolies are known as _antitrust_ laws.

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Photon Technologies, Inc., a manufacturer of batteries for mobile phones, signed a contract with a large electronics manufacture

777dan777 [17]

Answer:

Check the explanation

Explanation:

a) Linear program model:

Decision variables: Let

P1 = Number of PT-100 products produced at Philippines plant

P2 = Number of PT-200 products produced at Philippines plant

P1 = Number of PT-300 products produced at Philippines plant

M1 = Number of PT-100 products produced at Mexico plant

M2 = Number of PT-200 products produced at Mexico plant

M3 = Number of PT-300 products produced at Mexico plant

Objective: Min (0.95+0.15)P1 + (0.98+0.15)P2 + (1.34+0.15)P3 + (0.98+0.08)M1 + (1.06+0.08)M2 + (1.15+0.08)M3

or,

Min 1.10P1 + 1.13P2 + 1.49P3 + 1.06M1 + 1.14M2 + 1.23M3

s.t.

P1 + M1 ≥ 200,000

P2 + M2 ≥ 100,000

P3 + M3 ≥ 150,000

P1 + P2 ≤ 175,000

M1 + M2 ≤ 160,000

P3 ≤ 75,000

M3 ≤ 100,000

P1, P2, P3, M1, M2, M3 ≥ 0

(b) Solution of the linear program using Excel Solver can be seen in the first attached image below.

Formula: H2 =SUMPRODUCT(B2:G2,$B$11:$G$11) copy to H2:H9

Optimal Solution:

Decision Variable Value

P1 40000

P2 100000

P3 50000

M1 160000

M2 0

M3 100000

Total production and shipping cost = $ 524,100

Sensitivity report can be seen in the second attached image below.

Referring to above sensitivity analysis,

(c) Allowable decrease in objective coefficient of P1 is 0.04 therefore production and/or shipping cost per unit has to decrease by $ 0.04 to produce additional units of PT-100 in Philippines plant.

(d) Allowable decrease in objective coefficient of M2 is 0.05 therefore production and/or shipping cost per unit have to be decreased by $ 0.05 to produce additional units of PT-200 in Mexico plant.

4 0

3 years ago

Read 2 more answers

A long-term period of economic recession that leads to a low GDP and very

madam [21]

Answer:

Depression

Explanation:

A long-term period of the economic recession that leads to a low GDP and very high unemployment is a(n) DEPRESSION

Depression is an economic term used to describe a deep tumble in an economy that occurs for a long period of more than six months. Depression lasts for years, and it is characterized by low real GDP and an awfully high level of unemployment.

Hence, in this case, the right answer is Depression.

6 0

3 years ago

Explain how a family, a business, or a group could have private wants.

Neporo4naja [7]

Well if you have a family business your family most likely will invest which is a smart way to start a business but if your business goes down the drain you lost your family investments

5 0

4 years ago

Suppose there are only two types of goods to consume: food and leisure. An average Californian citizen has a daily income of $10

Juliette [100K]

Answer:

Californian citizen

Explanation:

For a Californian citizen, the maximum number of meals and units of leisure they could possibly acquire per day are:

$M_C = \frac{\$100}{\$20} =5\\L_C = \frac{\$100}{\$10} =10$

For a Mississippi citizen, the maximum number of meals and units of leisure they could possibly acquire per day are:

$M_M = \frac{\$50}{\$10} =5\\L_M = \frac{\$50}{\$10} =5$

Both citizens can acquire the same number of meals, but the Californian citizen can acquire twice as many units of leisure than the Mississippi citizen. Therefore, the Californian citizen is more well-off in terms of the bundles of goods they can consume.

8 0

4 years ago

Besides not being required, why do you think a company would choose to report or not report a gross profit line? Why do you thin

aleksley [76]

Answer:

Gross profit = net sales revenue - cost of goods sold. But what happens when your company doesn't sell any goods, specially if they only sell services and it is impossible to determine the COGS.

This is basically an accounting issue since the IRS defines COGS as:

The cost of products or raw materials, including freight
Storage
Direct labor costs (including contributions to pensions or annuity plans) for workers who produce the products
Factory overhead the cost of inventory items sold

So if your company doesn't sell any items from inventory, the IRS will not consider that your company incurred in COGS.

Reporting COGS is very useful for deducting business expenses, but it is not mandatory. Also, any expenses deducted as COGS cannot be deducted again as any other type of cost. So it is simply an accounting practice that helps certain industries to report their business expenses more clearly and in an orderly manner. But if it is too complicated to determine your company's COGS, then you can report your expenses in other ways and reduce your problems.

8 0

4 years ago