An oligopoly a. is a type of imperfectly competitive market. b. has a concentration ratio of less than 50 percent. c. is a price
1 answer:
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Answer:
The correct option is B. 9200.
Explanation:
This can simply be answered as follows:
.................. (1)
Where:
= Weighted moving average forecast (0.4, 0.3, 0.3) for Week 6 = ?
= Week 5 demand = 11,000
= Week 4 demand = 9,000
= Week 3 demand = 7,000
The (0.4, 0.3, 0.3) implies that:
= Weight of Week 5 demand = 0.4
= Weight of Week 4 demand = 0.3
= Weight of Week 3 demand = 0.3
Substituting all the relevant values into equation (1), we have:
= (11,000 * 0.40) + (9,000 * 0.30) + (7,000 * 0.30) = 9,200
Therefore, the correct option is B. 9200.