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iren [92.7K]
3 years ago
8

Why does Joe's demand curve have a negative slope? Joe only has so much money; when other things get more expensive he must buy

less coffee. Joe doesn't get the same happiness from drinking more and more coffee. He needs the price of coffee to go down to convince him to buy more. Joe is more interested in quality than quantity. He’s happy to pay more for coffee and not drink as much.
Business
1 answer:
AleksAgata [21]3 years ago
7 0

Answer:

The answer is: He needs the price of coffee to go down to convince him to buy more.

Explanation:

A demand curve (almost) always has a negative slope. As a product gets more expensive, the amount of people willing to buy that product decreases. So if the product gets cheaper, the more people are willing to purchase it.

The opposite happens with the supply curve, as the price of a product increases, the more companies are willing to sell that product.  

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A bottling plant fills 2,400 bottles every two hours. The lead time is 40 minutes and a container accommodates 120 bottles. The
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Answer:

= 7.77

≅ 8 kanban cards

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 K = \frac{DL(1 + S)}{C}

K = Number of kanban card sets

D = Average number of units demanded over some time period

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S = Safety stock expressed as a percentage of demand

C = Container size

where,

D = If the average number of units demanded is 2400 and the time period is 2 hours, then that's 1200 in an hour, 1200 in 60 minutes, 20 in one minute.  

L = 40

S = 0.1

C = 120

K = 20 * 40 (1 + 0.1) / 120

K = 7.77

approximately

≅ 8 kanban cards

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