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Mars2501 [29]
3 years ago
9

A local distributor for a national tire company expects to sell approximately 9,530 tires of a certain size and tread design nex

t year. Annual carrying cost is $14 per tire and ordering cost is $72. The distributor operates 286 days a year. a. What is the EOQ
Business
1 answer:
Dahasolnce [82]3 years ago
4 0

Answer:

the economic order quantity is 313 units

Explanation:

The computation of the economic order quantity is shown below:

= sqrt( 2 ×annual demand × ordering cost)  (carrying cost)

= sqrt(2 × 95,30 × $72) ÷ $14

= 313 units

hence, the economic order quantity is 313 units

The same should be considered and relevant

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i would say its either B or C...but imma go with the answer C

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4 years ago
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Suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon.
Rina8888 [55]

Answer:

Price ceiling binding

price floor binding

Price floor binding

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

The maximum price ($2.50) is less than the equilibrium price($3) . So it is a binding price ceiling

The minimum price ($3.40) is greater than the equilibrium price($3) . So it is a binding price floor

4 0
3 years ago
Suppose a central bank prevents an appreciation of its currency by intervening in the foreign exchange market and selling its cu
Mandarinka [93]

Answer:

c

Explanation:

Foreign exchange is the rate at which one currency is exchange for another currency

for example : $1 = N 382.50

If a currency appreciates, it value increases

e.g. if the dollar appreciates against the naira, the exchange rate becomes $1 = N 500

If the  central bank prevents an appreciation of its currency by intervening in the foreign exchange market and selling its currency for foreign currency, domestic money supply increases and aggregate demand decreases. this would lead to a reduction in the value of the currency

6 0
3 years ago
A reverse stock split is defined as a(n):
strojnjashka [21]
E. decrease in both number of shares outstanding and the market price per share
7 0
4 years ago
A 5 percent increase in income leads to a 10 percent in the quantity demanded for a service. This service is a(n)_____good, an t
Charra [1.4K]

Answer:

A) normal; elastic

Explanation:

As we know,  

1. Perfectly inelastic = When elasticity is zero

2. Inelastic = When elasticity is below than one

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4. Elastic = When elasticity is above than one

5. Perfectly elastic = When elasticity is in infinity  

And, the income elasticity of demand would equal to

= (Percentage Change in quantity demanded) ÷ (Percentage Change in income)

= (10%) ÷ (5%)

= 2%

As we see that the income elasticity of demand is more than one which represents the elastic plus in normal good it shows a positive relationship between the income and quantity demanded and the elasticity also comes in positive.  

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4 years ago
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