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3 years ago

Factors affecting pricing decision

1 answer:

8 0

- the main consumers

- the supply available

- society

- the value of money

- inflation

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MySchool Notebook Company uses 100,000 pounds of plastic pellets per year in the production of their custom 3-ring school binder

Anton [14]

Answer:

11547 lb

Explanation:

Economic Order Quantity is the ordering quantity where the cost of ordering and holding inventory is the minimum. It is the point where the cost of ordering and holding inventory intersects.

To calculate the Economic Order Quantity we use the following formula,

EOQ =√(2 × Annual Demand × Ordering Cost/Order) / Holding Cost per unit per annum

Plugging in the values in the formula,

EOQ = √(2 × 100000 × 100) / 0.15 ⇒ 11547.00538 rounded off to 11547 lbs

3 0

3 years ago

Consider the following information for a simultaneous move game: If you charge a low price (LP) and your rival charges a LP, you

alex41 [277]

Answer:

The correct answer is the option A: For each firm charge LP.

Explanation:

To begin with, the theory called ''Nash Equilibrium'' in the field of economics, refers to a type of equilibrium in an imperfect competition market that shows the situation where two or more competitors of a same good can choose how much of that good to produce and at what price charge it in order to obtain the maximun benefit as possible in the case that all the competitors are familiar with the other competitors' strategies and results but do not know what strategy every competitor might choose.

To continue, in the case presented above, the nash equilibrium for each firm is to charge low price due to the fact that if one company charges high price and the other decides to charge low price then the first company will lose a big amount of money instead of the case where both charges low price.

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3 years ago

Scrapper Elevator Company has 20 sales representatives who sell its product throughout the United States and Canada. The number

dezoksy [38]

The mean ls the average of a distribution obtained by taking the ratio of the sum and the frequency. The mean and standard deviation values of the distribution are 3.30 and 1.26 respectively.

We know,

Mean, μ = ΣX/ n

Standard deviation = √variance

To calculate mean and variance :-

X = 2,3,2,3,3,4,2,4,3,2,2,7,3,4,5,3,3,3,3,5

ΣX = sum of X = 66

n = sample size = 20

As, Mean = sum of x / sample size

66 / 20 = 3.3

Mean = 3.3

The variance = [Σ(X - μ)²] ÷ (n - 1)

Variance = [Σ(X - μ)²] ÷ (n - 1)

= (30.2) / 19 = 1.589

The standard deviation = √variance

= √1.589

= 1.26

Standard deviation = 1.26

Therefore,

The mean and standard deviation values are 3.3 and 1.26.

To know more about mean and standard deviation, click the links.

brainly.com/question/475676

brainly.com/question/4514629

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Correct Question - Scrapper Elevator Company has 20 sales representatives who sell its product throughout the United States and Canada. The number of units sold last month by each representative is listed below. Assume these sales figures to be the population values. 2,3,2,3,3,4,2,4,3,2,2,7,3,4,5,3,3,3,3,51. Compute the mean of the population.2. Compute the standard deviation.3. what would be the mean of the sample means?4. what would be the standard deviation of the sample means?

3 0

2 years ago

See the production possibility tables for Marketopia and Econlandia below. Marketopia Econlandia Cookies Pies Cookies Pies 0 18

nordsb [41]

Answer: Marketopia has a comparative advantage in the production of pies.

Explanation:

The bakery with the comparative advantage in any of the goods is the one that has a lower opportunity cost in making it.

Marketopia.

Opportunity cost of Cookies = 18/30 pies = 0.6 pies

Opportunity cost of pies = 30/18 pies = 1.67 cookies

Econladia

Opportunity cost of Cookies = 9/90 pies = 0.1 pies

Opportunity cost of pies = 90/9 pies = 10 cookies

It is shown that Marketopia has a comparative advantage in the production of pies because the opportunity cost of such is 1.67 cookies as opposed to Econladia which is 10 cookies.

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3 years ago

You are looking for ways to pay for your higher education costs. Which of the following options will require you to pay back any

joja [24]

The correct option is C.
Student loans that originated from the federal government are called federal students loans. This type of loan usually allows the borrower to pay lower interest and it has more flexible repayment options compare to loans from other sources. The interest rate of the loan is usually fixed over time.

5 0

3 years ago

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