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spayn [35]
4 years ago
5

In a single period order quantity model, if the shortage cost is four times the overage cost, then, (A) what is the optimal serv

ice level (i.e., critical fractile)?, and (B) using the optimal service level from part (A), what is the optimal order quantity if the demand is normally distributed with a mean of 70 and variance of 9? Round your final answer to the nearest integer.
Business
1 answer:
Alexeev081 [22]4 years ago
8 0

Answer:

If immature value is on top of an average prices, it implies that if the vendor isn't ready to offer the merchandises on demand the loss are going to be four times than value of the product sustains in record. So, it's suggest-able that sustain record in stores supported demand.

a) The optimum service level are going to be 95%

b) 79 units will be the optimal order quantity.

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Lauren's salary decreases from $ 37,000 to $ 30,000 . She decides to reduce the number of outfits she purchases each year from 2
nikklg [1K]

Answer:

E=-4.0746

Explanation:

Using the midpoint method, Lauren's income elasticity of demand for new outfits is determined by the change in income multiplied by the average number of outfits, divided by the change in the number of outfits multiplied by the average income:

E=\frac{\Delta I*O_{avg}}{\Delta O*I_{avg}}\\E=\frac{(37,000-30,000)*\frac{20+19}{2}}{(19-20)*\frac{37,000+30,000}{2}}\\E=-4.0746

Her income elasticity of demand for new outfits is -4.0746.

8 0
3 years ago
George had a previous balance on his credit card of $330.19 on which he paid $50.00. He was assessed a finance charge of $4.20.
STALIN [3.7K]
The answer is $284.39.
6 0
3 years ago
Read 2 more answers
Reliance Corporation sold 4,500 units of its product at a price of $20 per unit. Total variable cost per unit is $11.00, consist
BaLLatris [955]

Answer:

$40,500

Explanation:

A Companies Contribution Margin is a product's price minus all associated variable costs, this final value gives the products incremental profit earned for each unit sold. Therefore in this scenario, the Contribution Margin for the company is as follows

(4,500 * $20) - (4,500 * $11)

$90,000 - $49,500

$40,500

Therefore the final Contribution Margin for the company is $40,500 dollars.

8 0
3 years ago
Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 6% on your investments
AURORKA [14]

Answer:

$12,015 approx.

Explanation:

To calculate present value of a future amount, the future amount is discounted at the rate of interest for the period of investment, which reveals present value as on today. The technique is referred to as discounting technique.

Suppose P denote the amount invested today, which when matured after period of two years yields $13500. Following formula is used for calculating the money invested:

A =\ P (1\ +\ \frac{R}{100}) ^{n}

wherein, A = Amount

              P = Principal

              R = Rate of interest

               n = number of years

13500 =\ P (1\ +\ \frac{6}{100}) ^{2}

13,500 = 1.1236 P

⇒ P = 12,015 Approx.

Thus, $12015 is required to be deposited today so as to yield $13,500 after 2 years compounded at 6% per annum rate of interest.

5 0
3 years ago
Read 2 more answers
Where there are spillover (or external) benefits from having a particular product in a society, the government can make the quan
jasenka [17]

The correct answer is B; Taxing the sellers of the product.

Further Explanation:

The seller cannot be taxed for the product. The product makers were already taxed first by the government so they can't tax the product again. Spillover benefits can be both positive and negative.

By taxing the seller of the product the government is not approaching the socially optimal level. Many times the costs of the spillover may affect a third party and can cause extra costs to someone not even directly related to the product.

Learn more about the spillover benefits at brainly.com/question/12263191

#LearnwithBrainly

3 0
3 years ago
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