Answer:
Explanation:
The correlation between each can in a six-pack and weight of the other cans in the six-pack is 0.8
Mean fill quantities from 12.10-12.30 in increments of 0.02
The expected profit = (12.10+12.30) /2 ) +0.02
=12.22
The expected profit is 12.22.
The correct answer is ( C ) 12.22
Answer: b) import cotton.
Explanation:
If the international price is cotton is less than the price that a country produces it at, it is best that the country imports the cotton than produce it because they do not have a competitive advantage in producing the cotton.
Should they then import, the resources that were being used to produce the cotton can be used on other things that they do have competitive advantage in.
When quantity supplied exceeds quantity demanded, a shortage exists.
<h3>What happens when quantity supplied exceeds quantity demanded?</h3>
- If more people want a good or service than can be supplied at the going rate, there is a shortage, which pushes prices up.
- With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply.
- The only price at which the quantity provided and the amount demanded are equal is at the equilibrium.
- Quantity supplied exceeds quantity sought at a price above equilibrium, such as 1.8 dollars, leading to an excess supply.
- When the quantity given and demanded are equal, an equilibrium is reached. The amount demanded will exceed the quantity provided if the price is below the equilibrium level. A shortage or an excess of demand will exist.
To learn more about Quantity supplies and demands refer to:
brainly.com/question/12538447
#SPJ4
Answer:
5,322.91 units
Explanation:
Given data
Annual demand = 85,000 gallons
Price of fuel = $2
Time = 5 days
Ordering fee = $50 per order
Holding cost per unit = 15%
So the holding cost is = $2 × 15% = $0.3
a. The computation of the economic order quantity is shown below:
= 5,322.91 gallons
Hence, the economic order quantity (EOQ) of fuel in gallons is 5,322.91
