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3 years ago

Explain the response to laissez-faire economics

1 answer:

7 0

First of all, the laissez-faire economics is also known as hands-off apporach. This is from the 19th century. The leaders of the Middle class had a good reponse by embracing this type of approach. Some of the people looked to modify this kind of apporach for the government to have more control. Generally was accepted but also wished to be modified in order for the high class leaders to get control

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Workers typically get dirty if they work at a job site for

KengaRu [80]

<span>Workers typically get dirty if they work at a job site for Landfills, Construction sites or in Slaughter Houses</span>

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3 years ago

Read 2 more answers

Reggie is busy trying to prepare a complicated recipe for dinner when his sons come in asking him who can use the computer first

alexandr402 [8]

the other son, possibly should get the computer first, because he doesn't need it for much, while the 1st son needs it for a number of things

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3 years ago

Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the

KonstantinChe [14]

Answer:

A. $348.29

Explanation:

Given that:

The Paint Supply Store franchise sells an average of 30 gallons of Red Paint every week (for 52 weeks per year)

i.e weekly demand = 30 gallons

Since 30 gallons is demanded weekly

Then annual demand for a year that contains 52 weeks = 30 × 52

= 1560

Order quantity = 70 gallons

Thus; number of orders = annual demand for a year / order quantity

number of orders = 1560 /70

number of orders = 22.2857

Price per gallon = $2.00

Time to receive order = 1.25 weeks

Administrative cost Ordering paint (i.e ordering cost per order) = $15

The total Ordering cost per order = number of orders × ordering cost per order

The total Ordering cost per order = 22.2857 × 15

The total Ordering cost per order = $334.2855

Holding cost = 20% of the purchase price per gallon per year

Holding cost = 20/100 × $2

Holding cost = 0.2 × $2

Holding cost = $0.4 per unit per year

∴

The Inventory Holding cost = ( order quantity /2 ) × holding cost

The Inventory Holding cost = (70/2) × 0.4

The Inventory Holding cost = 35 × 0.4

The Inventory Holding cost = $14

Finally, Total Annual Inventory Cost for the company's current policy is :

Total Annual Inventory Cost = Total Ordering cost per order + Inventory Holding cost

Total Annual Inventory Cost = $334.2855 + $14

Total Annual Inventory Cost = $348.2855

Total Annual Inventory Cost ≅ $348.29

5 0

3 years ago

High competition for and debates over natural resources affect the development of government policies

andrezito [222]

Answer:

Letter A is correct. <u>TRUE.</u>

Explanation:

This statement is true and supported by the sociological structure of social complexity, which is a concept of analysis of society that reflects the relationship between social behavior through continuous and complex circumstances, such as armed conflicts, emigration patterns and political movements.

This concept supports that human beings are not passive individuals, therefore they search for goals that will improve the quality of life of society, therefore high competition and debates about natural resources will significantly affect the development of government policies, as the sustainability and use of Natural resources are a topic that is widely discussed today, and society increasingly seeks socio-environmental responsibility from organizations and governments, as this is a relevant issue for survival and quality of life. So this issue will influence policy, which is an adaptive and complex system that exists to manage issues that affect society.

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3 years ago

A manager must decide on the mix of products to produce for the coming week. Product A requires three minutes per unit for moldi

atroni [7]

Answer:

Check the explanation

Explanation:

Going by the question above we will have to first work on the

Formulation of LP:

Maximize profit

Z = 1.5A+1.5B where A - number of units of product A and B - number of units of product B

subject to constraints -

600 minutes available for molding

3A+2B <=600 ---> Molding constraint---> 1

600 minutes available for painting

2A+4B<=600 ---> Painting constraint---> 2

420 minutes available for packing

A+3B<=420 ---> Packing constraint---> 3

A, B, C >=0 ---> Non-negative constraint ---> 4

b) Solution with the help of Excel solver:

Target cell will be the RHS or profit value of the objective function as we are maximizing the profit.

Changing cells will be A and B ---> number of units of products

Constraints will be entered as below. The same are also listed in part A (1,2,3,4).

The attached images below are the formulation.

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3 years ago