Answer:
At the markets eqilibirium , the quantity demand and the quantity supplied will be equal.If there is a shortage, the quantity demand will be larger than the quantity supplied. If there is a surplus , the quantity demand will be smaller than the quantity supplied.
Explanation:
Answer with Explanation:
I would personally prefer a "weak" currency because <u>it will enable other foreign countries to enjoy Canadian exported goods.</u> Although a strong currency makes people enjoy <em>traveling abroad</em>, a weaker currency allows people to<em> enjoy local places, including local goods</em>. This will help Canadians develop love for their own country.
A weak currency also allows foreign countries to<em> enjoy the local goods of Canada, without stressing them on the price</em>. If many foreign countries will import goods from Canada, it will increase the market share of exports for Canada. This means that many companies will focus on exporting their goods, thus leading to increase job employments. <u>The economy will have the chance to boost.</u>
Answer:
reorder point= 39 units
Explanation:
given data:
Annual demand = 2240 units.
No of days = 320
lead time is 4 working days
As we know,
Reorder point= Lead time demand + Safety stock
Lead time demand = Average daily usage * lead time
Average daily usage = \frac{Annual demand}{No of days operating in year
}
average Daily usage = \frac{2080}{320}= 6.5 units per day.
Lead time demand = 6.5* 4 = 26 units.
Safety stock = 2 days of average demand
= 2*6.5 = 13 units.
Hence reorder point= 26 + 13= 39 units.
Answer: better suited for the production of some goods than others.
Explanation: A ppf is more likely to be a downward-sloping curve that is bowed outward than a downward-sloping straight line because most resources are better suited for the production of some goods than others. The opportunity cost is increasing along the PPF, which means that as we increase the production of one good, more and more units of the other good have to be sacrificed. Increasing opportunity cost is why most PPF's are bowed outward.
