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svet-max [94.6K]
3 years ago
9

Economists assume we are all making the most reasonable decisions with our resources, but how do you explain people paying $40,0

00 for a "Hermes Birkin Bag" or $2000 for "Kanye West's Sneakers"?
Business
1 answer:
Musya8 [376]3 years ago
6 0
As not everybody can afford designer items, those who can, typically buy such items to increase their self-esteem, and/or view it as an accomplishment. Also, many will do so in a way to view themselves in a higher class than others.
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A bottling plant fills 1,200 bottles every two hours. The lead time is 60 minutes and a container accommodates 130 bottles. The
sergij07 [2.7K]

Answer:

6

Explanation:

Given that

Annual Demand = 10 bottles in 1 minute

Leading time = 60 minute

percentage of Safety stock = 0.2

Container size= 130 bottles

The computation of the number of kanban cards is given below:-

= Annual demand × Leading time (1 + percentage of safety stock) ÷ Container size

= 10 × 60 (1 + 0.2) ÷ 130

= 600 (1.2) ÷ 130

= 5.538

So, the round-up the next whole number is 6

3 0
3 years ago
In order to correct problems in the economy monetary policy works mainly through changes in
lys-0071 [83]

<span>Monetary policy is mainly concerned with the circulation of the supply of money as well as regulating interest rates.  In order to straighten up the economic problems we have in our society, monetary policy primarily works through changes in consumer spending.</span>

<span>
</span>

6 0
4 years ago
Suppose the spot rates for 1 and 2 years are s1=6.3% and s2=6.9% with annual compounding. recall that in this course interest ra
user100 [1]

Since the problem assumes annual compounding, then the relationship of forward rate and spot rates is given in the equation:

f1,2 = ((s2^2 / s1) - 1)

Therefore,

f1,2 = ((1.069^2 / 1.063) - 1)

f1,2 = 0.075 = 7.5%

Forward rate is 7.5%.

4 0
3 years ago
You are a business loan has a variable interest rate next month the annual rate will jump from 6.3% to 7.8%. Your balance is 1,6
sweet [91]

Answer: $‭2,025‬

Explanation:

Your monthly payment based on the rate of 6.3% per annum is:

= (6.3% * 1,620,000 ) / 12 months

= 102,060‬ / 12

= $‭8,505‬

Now that the rate has gone up to 7.8% per annum, the payment is:

=  (7.8% * 1,620,000 ) / 12 months

= ‭126,360‬ / 12

= $‭10,530‬

Payment went up by:

= ‭10,530‬ - 8,505

= $‭2,025‬

3 0
3 years ago
TB MC Qu. 3-73 The following accounts are from last year's books ... The following accounts are from last year's books of Sharp
Katen [24]

Answer:

Answer is $ 132,200        

Explanation:        

Direct material used is amount debited to Work in Process account lesser than 154,400.

As the Total material issued is 154,400 which includes the direct and indirect material both.

5 0
3 years ago
Read 2 more answers
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