Answer:
"E "
Explanation:
Just in time inventory is an inventory management system where inventory required for production are ordered at the point of production.
This practice helps to maximize profit as investment on inventory carriage and storage are minimized , aiding an improved working capital management.
It is of importance that machine break down is avoided and there is a reliability of man power in order to avoid operation down time when there is a demand.
Also , there must be a solid arrangement with supplier for it to be effective.
Answer:
<em>The net welfare loss is $250</em>
Explanation:
<em>The Quota of a country imposes the importation of goods for business men or traders. if at any selling price from the example given that, if the system reduces imports by 50 units, therefore, lets assume linear supply and demand curves as follows,</em>
<em>quota of imports of good multiply by the price been raised 5$= 250$ is the net welfare loss.</em>
Answer:
a. price discrimination.
Explanation:
Price discrimination is pricing strategy where different prices are charged to different customers for the same product or service based on what the seller thinks he can get from each of them.
There are 3 types of price discrimination:
-First degree: is price discrimination where firm charges different price for every unit sold. Also called perfect discrimination.
-Second degree: is discrimination where the firm charges different prices for different quantities.
-Third degree: is when the seller charges different price for different consumer groups.
Hendry Products charges Montgomery Meats a lower price, and charges other firms similar to Montgomery Meats more for the same products. Hendry Products is practicing third degree price discrimination.
