Simply said, demand is the amount of a good or service that consumers are willing and able to purchase at a specific price within a specific time frame. In an economy, people purchase commodities and services to fulfil their needs for things like food, medical care, clothing, entertainment, shelter, etc.
One of the fundamental concepts in microeconomics is the notion of demand. It seeks to address fundamental issues such as how desperately people desire goods and how pleasure and income levels affect demand (utility). Companies change the supply they offer and the pricing they charge based on how useful consumers view the commodities and services to be.
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Answer:
the number of containers that should be used is 1.67 containers
Explanation:
The computation of the number of containers that should be used is as follows;
= Annual demand × time × (1 + inefficiency factor) ÷ holding pieces
= 71 × 0.83 × (1 + 0.16) ÷ 41
= 1.67 containers
Here The time is converted from minutes to hour i.e
= 50 minutes ÷ 60 minutes
= 0.83
Hence, the number of containers that should be used is 1.67 containers
Answer: d. Decision-making lag
Explanation:
When policy makers have identified that there is a problem that needs fixing but cannot seem to agree on the way forward, this is known as a <em>Decision - Making Lag or simply the Decision Lag.</em> It is one of the 3 specific inside Policy Lags and can be devastating due to the uncertainty of time it might take.
For instance, the economists suggesting dropping the federal funds rate by 0.25% might have the backing of one half of the Fed and the other Economists, the other half. Arguments could therefore go on for weeks before a decision is made.
Answer:
Add an integration clause to the contract.
Explanation:
Answer:
d. $5,475,000
Explanation:
For computing the total investor-provided operating capital, first we have to compute the total assets and total current liabilities which is shown below:
Total assets = Current assets + net fixed assets
= $1,875,000 + $4,225,000
= $6,100,000
Now the total current liabilities = Accounts payable + short term notes payable + accrued wages and taxes
= $475,000 + $375,000 + $150,000
= $1,000,000
Now the long term liabilities would be
= $6,100,000 - 1,000,000
= $5,100,000
So, the total investor-provided operating capital would be
= Long term liabilities + short term notes payable
= $5,100,000 + $375,000
= $5,475,000
