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Savatey [412]
3 years ago
14

Consider a firm with a daily demand of 100​ units, a production rate per day of 500​ units, a setup cost of​ $200, and an annual

holding cost per unit of​ $10. Suppose that the firm operates 300 days per year. How many units of inventory must their storage area be able to​ hold? A. 1095 B. 9798 C. 980 D. 1081 E. 1225 F. 876
Business
1 answer:
podryga [215]3 years ago
6 0

Answer: 980

Explanation:

The number of units of inventory that the storage area must be able to​ hold will be calculated as:

Demand = 100 × 300 = 30000

Production rate per day = 500

Setup cost = $200

Annual holding cost = $10

We then use the economic order quantity formula to solve and the answer will be gotten as 1225

The maximum inventory will now be:

= EQQ × (1-d/p)

= 1225 × (1-100/500)

= 1225 × ( 1 - 0.2)

= 1225 × 0.8

= 980

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In an Oligopoly industry a change in price by one firm will _____ impact the other firms in the industry.
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Answer:

The answer is significantly.

Explanation:

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The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors

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6 0
3 years ago
As distances between buyers and sellers increase, problems related to operations performance increase. What are the primary resu
timama [110]

As distances between buyers and sellers increase, problems related to operations performance increase.

The primary results of this increase in distance and geographic complexity are:-

  • Security issues
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  • Increase in lead time

A seller is a person or entity that sells products, services, or financial assets. Shorting means borrowing security you don't own, selling it, and buying it back at a lower price. An option seller is called a "writer" who collects a premium from the buyer.

A seller's market is the opposite of a buyer's market, and excess inventory for interested potential buyers means that the buyer has the power to set terms and prices.

Learn more about sellers here:brainly.com/question/906651

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As we know, the economy in the long run tends to equilibrium, where the the production level is fixed and equal to the potential of production of the economy. The initial reduction of prices incentives the consumption in the long run, stabilizing with the long run quantites in a minor level of prices.

In the attached image you can observe the process described previously.

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3 years ago
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