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lidiya [134]
3 years ago
5

Recent rains increase the demand for kayaks, as paddlers want to take advantage of the exciting river conditions on the Oconee R

iver. New plastics technology makes kayaks less expensive to make. As a result, one should expect:
a. Equilibrium price to rise, but equilibrium quantity to be indeterminate from the information given.
b. Equilibrium price to fall, but equilibrium quantity to be indeterminate from the information given.
c. Equilibrium price to be indeterminate from the information given, but equilibrium quantity to rise.
d. Equilibrium price to be indeterminate from the information given, but equilibrium quantity to fall.
Business
1 answer:
Lunna [17]3 years ago
5 0

Answer:

Equilibrium price to be indeterminate from the information given, but equilibrium quantity to rise.

Explanation:

The recent rains resulted in an increase in demand for kayaks so the equillibrum quantity demanded will rise. Supply will also rise to meet the increased demand.

However we are unable to determine if the price will rise or fall with the given information.

Plastic is cheaper now so kayaks will also be cheaper. On the other hand increase in demand naturally causes an increase in price. So the cheaper price of kayaks will need to be compared with price increases as a result of increased demand to determine if equillibrum price will rise or fall.

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Answer:

139 units

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In order to compute the number of orders place each year so that it can minimize the total inventory cost we need to use the economic order quantity formula i.e shown below:

The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

where,

Annual demand = 80,000 cases

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Now placing these values to the above formula

So, the economic order quantity is

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3 years ago
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ValentinkaMS [17]

Answer:

B.enables production to be ahead of demand.

Explanation:

<em>One of the benefits of a wholesale warehouse in the chain of distribution is that it </em><em>enables production to be ahead of demand</em><em>.</em>

A warehouse generally represents a large house where goods/products are kept prior to their distribution for sale.

The use of a warehouse offers several advantages to producers. These include:

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Answer:

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Explanation:

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