Answer:
39.992
Explanation:
divide 20 by 100 multiply it to 49.99 then subtract answer from 49.99
Answer:
True.
Explanation:
Lean manufacturing is a production method in which companies focus on reducing wastage of available resources and maximize productivity of manufacturing process. This process includes introducing activities to minimize harm to environment by draining harmful waste, using environmental friendly products and minimize usage of raw material. Lean manufacturing focuses to improve the product quality to provide greater value to customers.
Answer: The law of demand States that as price falls, quantity demanded increases and vice versa. (A).
Explanation:
In Economics, the law of demand states that all other things being equal; as the price of a good or commodity or service increases (↑), the quantity of the good/service demanded declines (↓); also, as the price of a good/service declines (↓), the quantity demanded increases (↑).
In other words, the law of demand shows an inverse relationship between the price and quantity demanded of a good/service.
Consequently, other things being constant, the quantity demanded of a good/service is inversely proportional to the price of the good/service.
For example if the price of a luxurious car falls it would motivate the buyers to rush to get a car. This law of demand is also used by marketers to attract buyers by the use of discount on goods.
Answer:
The correct answer is 8 $ per box
Explanation:
Solution
Given that:
Let EOQ = √(2*D*S/H) = √(2*500*150/0.2*P)
(a) Let P = 8.5 $/box
Then,
EOQ = √(2*500*150/0.2*8.5) = 297 boxes
Thus,
No feasible as P = 8.5 $/box when Q<=200
(b). Let P = 8 $/box
Thus,
EOQ = SQRT(2*500*150/0.2*8) = 306 boxes (approx)
This quantity is right as it falls between 200 and 800.
Therefore the price at the optimal order quantity that minimizes total annual cost is 8 $/box
