1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Step2247 [10]
3 years ago
12

The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the co

urse of the past week, 457 patrons have ordered the hearty breakfast and each serving contains a half cup of English peas. It costs two cents to hold a half cup of peas in inventory for a year and $3 to place an order (remember they come all the way from England!). It takes two weeks to ship a container from England loaded with peas. What is the average inventory if they order at the optimal order quantity?
Business
1 answer:
Paha777 [63]3 years ago
6 0

Answer:

The average inventory if they order at the optimal order quantity is 1.335

Explanation:

Accordin to the formula

Optimal order quantity = \sqrt{2*yearly demand * Order cost/Holding cost}

=\sqrt{2*52*457*3 / 0.02}

= 2670

Average inventory = Optimal order quantity / 2 = 1335.

You might be interested in
If the price of gasoline increases, most likely, ceteris paribus, the result will
avanturin [10]

Answer:

A

Explanation:

4 0
3 years ago
Read 2 more answers
A computer chip manufacturing giant decides to outsource its operations to a new geographical location with cheaper labor amidst
ivolga24 [154]

The best strategy would be to cancel the job cuts till the time the market situation and the entry operations stabilize.

Answer: Option E

<u>Explanation:</u>

The decision of outsourcing the operations taken by the businesses is done to ease out the work and give it outside the company because they themselves can not work upon it. But if this leads to criticisms, then it should be stopped.

The best strategy that the computer company should have is to cancel the job cuts to get the positive reactions back. The company should not go to labor of other areas cutting jobs of its own labor because this will harm it's image in the market and affect the productivity.

6 0
3 years ago
If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that____________.
marshall27 [118]

Answer:

If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that  for Jeff, the substitution effect is greater than the income effect - option C.

Explanation:

The substitution effect is stronger than the income effect in a case whereby  the supply of labor increases as the wage rate increases .

On the other hand, when the supply of labor decreases as the wage rate increases, then the income effect is stronger than the substitution effect.

With regards to the scenario given in the question - with an increase in the wage rate, Jeff has decided to work more hours.

Thus, in the given case, it can be inferred that for Jeff, the substitution effect is greater than the income effect.

Therefore, the correct answer is option C.

3 0
3 years ago
IE 9-6 ... AS/AD model – If this economy has an equilibrium in Year 5 with a Price Level of $2.54, then Nominal Income GDP will
REY [17]

Answer:

<u>$4387 b</u> but Real Income GDP will be <u>$4500 b</u> ..

Explanation:

This nominal GDP signifies the worth of all those ultimate assets including assistance that economics performed throughout a provided year. The aforementioned is calibrated by implementing the uses that remain contemporary throughout the year while which that output is generated. Meanwhile, in economics, a nominal worth is formulated into monetary sessions.

This is essential to identify amidst the nominal and real value of a nation's internal production including profit. Real GDP estimates a specific amount of production. An expansion in real production signifies that AD has grown quicker than this rate of inflation moreover this prosperity is encountering assertive germination. So according to the above eplaination the answer is mentioned below.

AS/AD model – If an aforementioned administration maintains equanimity into Year 5 including a Value Level concerning $2.54, later Nominal Earnings GDP will remain <u>$4387 b</u> still Real Income GDP will remain <u>$4500 b</u> ..

4 0
3 years ago
Labor unions and businesses in the heavy equipment industry have asked the u.s. congress to place a tax on imported equipment in
Ann [662]

Answer: Protective tariff

Explanation: Protective tariffs are basically designed to protect the domestic producers from foreign competition. These tariffs raise the retail price of imported products making them expensive in comparison to domestic  products and thereby making domestic products more  competitive.

Thus, by placing a tax on imported equipment in order to make it more expensive, these industries hope that <em>Protective tariff</em> will allow u.s. producers to be more competitive.

8 0
3 years ago
Other questions:
  • rue or False: The following statement accurately describes how firms make decisions related to issuing new common stock. Taking
    14·1 answer
  • The most recent comparative balance sheet of Giacomelli Corporation appears below: Which of the following classifications of cha
    5·1 answer
  • Patsy possesses twenty-four acres of remote, rugged land. Patsy has the right to use the property, including extracting silver f
    6·1 answer
  • On January 2, 2020, Warner Co. purchased 40% of Kyle Co.’s outstanding common stock. The carrying amount of Kyle's depreciable a
    11·1 answer
  • The laws passed by Congress and by state legislatures are called:
    12·2 answers
  • Peter wants to buy office space for his new business however he is not sure if the current market is suitable for buying propert
    5·2 answers
  • An increase in government spending initially and primarily shifts
    15·1 answer
  • If income increases by $100 and consumption increases by $75, the slope of the consumption function equals _____.
    8·1 answer
  • Why can’t businesses afford all of the factors of production all of the time?
    13·2 answers
  • Statement of Owner's Equity Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 20Y3, Zack Gaddis, Capital
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!