The best definitions of input, output and processing are as follows:
- Input refers to the resources that are used up in production to create further value, finished goods, or more input for further processing.
- Processing is the intervening activity that changes the input to output.
- Output is the product of processing input or resources. Output is typically the finished outcome from a processing activity.
<h3>What is the relationship between input, output, and processing?</h3>
Processing is at the center of input and output.
Processing involves changing, manipulating, or transforming input resources into output or finished products.
Thus, the definitions of input, output and processing are as given above.
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Answer:
$86.87
Explanation:
Calculation for what would be the overall margin on the order
Price of cake $500.54
Less Costs:Size related ($183.06)
($1.13 per guest × 162 guests)
Less Complexity-related ($130.56)
($43.52 per tier × 3 tiers)
Less Order-related ($61.44)
($61.44 per order × 1 order)
Less Cost of purchased decorations for cake ($38.61)
Customer margin $86.87
Therefore would be the overall margin on the order is $86.87
This form of production that operates on supply and demand is the <u>market economy.</u>
<h3>Facts about the market economy </h3>
- Is controlled by forces of supply and demand.
- Citizens are allowed to own the means of production.
The warehouse Daveed works in is privately owned and they seek supply based on the demand for their goods.
This is in conclusion, a market economy.
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Answer:
The correct answer is option c.
Explanation:
The price of Kate's breakfast special is $5.
The average variable cost is $3.95.
The average fixed cost is $1.25.
The average total cost
= $3.95 + $1.25
= $5.20
The price is not covering the average total cost but it is covering the average variable cost. The firm can continue operating in the short run but stop production in the long run.
Economic Order Quantity is the optimal level of inventory where the inventory costs are the minimum. EOQ = (2AO/H)^(1/2).
<h3>What is
Economic Order Quantity?</h3>
Companies determine their ideal order size by performing a calculation known as the economic order quantity (EOQ), which enables them to meet demand without going overboard. To reduce holding costs and surplus inventory, inventory managers calculate EOQ.
The order size that minimizes the overall holding costs as well as ordering expenses in inventory management is referred to as the "economic order quantity," or "economic buying quantity." One of the first traditional production scheduling models is this one.
The following is the EOQ formula. EOQ is equal to the square root of 2 times demand times ordering cost)/carrying cost. Demand. The EOQ's assumptions state that the demand is unchanged. How much stock is used annually or how many goods are sold annually is the measure of demand.
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