Answer:
Month
1 2 3 4 5 6
Units
Forecasted Demand 380 400 420 440 460 480
Regular Production 400 400 400 400 400 400
Overtime 0 0 0 40 40 40
Subcontracting 0 0 0 0 20 40
Inventory at end of month 20 20 0 0 0 0
Cost
Regular Production $10,000 $10,000 $10,000 $10,000 $10,000 $10,000
Overtime production cost $0 0 $0 $1,600 $1,600 $1,600
Subcontract cost $0 0 $0 $0 $1,200 $2,400
Inventory holding cost $300 $300 $0 $0 $0 $0
Total Cost $69,000
Explanation:
In a country with a high uncertainty avoidance majority of people have an increased level of anxiety about uncertainty and ambiguity
Answer:
D. specific performance.
Explanation:
Specific performance -
It is the act or the order by the court , in order to solve an any conflict for the law of contract .
This is basically used to solve any issue related to land , property or any goods or services , this practice is used in case of any personal service .
It helps the people to against any form of injustice or malpractice .
It is a form of forced action , which helps with some previous transaction , and is one of the best remedy for the problem .
Answer: Rick had a 5.55% nominal salary Increase.
Explanation: In Finances & Economics , Nominal value is measured in terms of money . This means that the value has not been adjusted against inflation and will only show the "Number Value" rather than the economic value which is how much purchase power this salary increase really means.
The formula to calculate the % for this nominal increase is : (Final Value - Initial Value) / Initial Value * 100 ==>> ($47500-$45000)/$45000 = 0.55 *100 ===> 5.5%
The opportunity cost is stated in relative pricing, that is, the price of one option in comparison to another.
When there are numerous vendors in a market but no one is significant enough to control the price of a product. Because both items must be produced, the relative price must match the opportunity cost. If the opportunity cost of one good is lower in the home country than so will be the relative price.
As bananas cost $0.90 per kg, so, if a toothpaste is for $2.25, we are forgoing 2.25 kgs banana (2.25/0.9). Thus, the opportunity cost is 2.5 kg bananas which is equal to the relative price of bananas.
Therefore, relative price is an opportunity cost.
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