Answer:
1. Meena should take the quantity discount since with such discount the EOQ will rise by just 1 unit from 20.5units to 21.5 units and a net gain of $49.18.
2. The EOQ without discount will be 20.5 units
Explanation:
EOQ=Square root of ((2xordering cost x demand)/ (Carrying cost))
Gains of accepting discount will be
i. ordering cost savings= (demand/quantity order) x ordering cost
= (660/360)*23=$42.16
ii. Price saving per item=0.18 x 660 =$118.80
total gain =$160.96
iii. Stockholding cost =300 x (23 x 0.91 ) x 0.18=$1,130.22
iv. Additional cost incurred by increasing order= 1,130.22-(300 x 23 x0.18)
=$111.78
Net gain= 160.96-111.78
= $49.18
Answer: people tend to take more risks if they do not have to bear the costs of their behavior
Explanation:
Moral hazard is a form of reckless behavior by an individual who doesn't directly bear the cost of the reckless behavior.
Moral hazard takes several forms like the examples of : polluting waters with chemicals, throwing refuse into drainage, mismanagement of public amenities.
Answer:
your the customer and ur pet is the consumer
Explanation:
<span>A command or planned economy occurs when the government controls all major aspects of the economy and economic production. In a command economy, it is the government that decides what to produce, how to produce goods and how to distribute goods and services within the economy</span>
<u>Answer:</u> Does not require any privacy policy.
<u>Explanation:</u>
Privacy policy is not stated as compulsory under any federal laws and statutes. Under certain circumstances it is important to provide the privacy policy in the website. When collecting information from children for using the websites.
If the website collects the personal information then according to law it has to provide the ways of usage of these information. Burns medicine shop does not collect children information, financial information or identifiable information so it does not require privacy policy according to law.
