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3 years ago

In a capitalist economy the lenders are usually _ and the borrowers are usually __.

1 answer:

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The answers the fit the given blanks above are FINANCIAL INTERMEDIARIES and FIRMS, respectively. In a capitalist economy, the businesses are held private and therefore, the production and the operation of the business for their profit is only owned by them.

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1. BBQ sells over 200 products. Product A has sales of 400,000 units per year. The carry cost of each product is $36. The order

Mrac [35]

Answer:

a) The optimum order quantity is 789 units per order.

b) They have to reorder every 0.72 days.

a) It is not a good policy.

b) The quantity per order is greater than the optimum quantity per order.

c) The order quantity should be 632 units/order

Explanation:

The carry costs are the costs incurred by the company for having the products in stock (financial, storage, etc). They are proportional to the average inventory held by the company.

The order costs are the costs associated with the purchase order. They are proportional to the amounts of purchase orders by unit of time.

a) The optimum order quantity can be calculated with the Economic Order Quantity (EOQ) formula. This formula minimizes the sum of the carry costs and the order costs.

In this formula:

EOQ: Economic Order Quantity or optimum order quantity

S: Order costs

D: Annual quantity demanded

H: Carry cost

$EOQ =\sqrt{\frac{2SD}{H} }=\sqrt{\frac{2*28*400,000}{36} }= \sqrt{622,222.22} =788.81 \approx 789$

The optimum order quantity is 789 units per order.

b) If the annual demand is 400,000 and the quantity per order is 789 units, the company will do 506.97 orders a year.

$\frac{400,000\,units/year}{789 \,units/order}= 506.97 \,orders/year$

If we take 365 days a year, we have 1.39 orders a day.

$506.97\frac{orders}{year}*\frac{1\,year}{365\,days}= 1.39 orders/day$

This means it has to reorder every 0.72 days.

2) If we apply the EOQ formula we get:

$EOQ=\sqrt{\frac{2SD}{H} }= \sqrt{\frac{2*40*75,000}{15} }= \sqrt{400,000}= 632.45$

a) It is not a good policy.

b) The quantity per order is greater than the optimum quantity per order.

c) The order quantity should be 632 units/order

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3 years ago

A 3m researcher worked with university students to develop the post-it® flag highlighter. when his team evaluated the technical

leva [86]

<span>The stage of the new-product process with the </span>post-it® flag highlighter is the Screening and evaluation. It is the stage of the new-product process ( post-it® flag highlighter) that involves internal and external evaluations of the new-product ideas so as to eliminate those that warrant no further effort.

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3 years ago

Which statement is the best definition of the price elasticity of demand?The ratio of the percent change in demand to the percen

Vikki [24]

Answer:

The ratio of the percent change in quantity demanded to the percent change in price.

Explanation:

Price elasticity of demand measures how responsive quantity demand is to changes in price.

The formula is given by

Price elasticity of demand= Percetage change in demand/ Percentage change in price

Usually the price elasticity bis negative. Goods that don't obey the law of demand have positive elasticity.

7 0

3 years ago

Read 2 more answers

What are the advantages of having a presurvey with open questions to assist in constructing a questionnaire that has closed que

den301095 [7]

<span>Open ended questions helps the respondent in giving out more insightful information than a close ended questions. Open ended questions allows respondent to be more elaborate and therefore many new points can be discovered in the survey analysis. Also the respondent feels happy by explaining his point in a clear and expressive manner.</span>

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4 years ago

At a price of $3.50 per loaf, a bakery is willing to supply 450 loaves of bread per week. At a price of $4.00 per loaf, the bake

Marat540 [252]

Answer:

Price elasticity of supply is 1.5

Explanation:

Given:

Price (P₀) = $3.50

Quantity (Q₀) = 450

New price (P₁) = $4.00

New quantity (Q₁) = 550

Price elasticity of supply = ?

Computation of price elasticity of supply using midpoint method:

$Price\ elasticity\ of\ supply =\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } }$

$Price\ elasticity\ of\ supply =\frac{\frac{550-450}{\frac{550+450}{2} } }{\frac{4-3.5}{\frac{4+3.5}{2} } }$

$Price\ elasticity\ of\ supply =\frac{\frac{100}{500} }{\frac{0.50}{3.75} }\\\\Price\ elasticity\ of\ supply = 1.5$

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3 years ago

In a capitalist economy the lenders are usually _____ and the borrowers are usually ______.

In a capitalist economy the lenders are usually _ and the borrowers are usually __.