Answer:
$15
Explanation:
The computation of the average fixed cost is shown below:
As we know that
Average fixed cost is
= Total fixed cost ÷ Quantity
where,
Total fixed cost is
= Total cost - total variable cost
= $1,200 - $200 × 3
= $1,200 - $600
= $600
And the quantity is 40 products
So, the average fixed cost is
= $600 ÷ 40
= $15
Answer:
Kanban inventory system
Explanation:
Kanban inventory system -
It refers to as the system , which make sure than the company's stores only the required components in the production or distribution process , is referred to as kanban inventory system .
The Kanban system enables to give indication for reordering or rearrange the stock .
Hence , from the given information of the question ,
The correct answer is Kanban inventory system .
The average score of the student in the class at a 99% confidence lies between 1.252 and 3.028
Explanation:
Given values are
n = 14 = 2.14 σ = 1.29 z value for 99% confidence = 2.576
The mean is known one
= (z σ/√14)
= (2.576 ×1.29÷√14)
= 2.576 × 0.345
= 0.888
= mean- 0.888 = 2.14 - 0.888 = 1.252
= mean+0.888 = 2.14 + 0.888 = 3.028
The average score of the students in the class at a 99% confidence lies between 1.252 and 3.028
Answer:
Inelastic
Explanation:
Price Elasticity of demand is the a measure which is used to show the responsiveness of the quantity to its price.
Price Elasticity of demand = Change in quantity / Change in price
% Change in quantity = ( 45,000 - 35,000 ) / 45,000 = 22.22%
% Change in price = ( 20 - 30 ) / 20 = -50%
Price Elasticity of demand = Change in quantity / Change in price
Price Elasticity of demand = 22.22% / -50% = -0.4444
As the answer is less than 1 so, demand is Inelastic.
