Answer:
a. 300 units
b. $3,750
c. $3,750
d. 100 units
Explanation:
a. The computation of the economic order quantity is shown below:
=
=
= 300 units
The number of orders would be equal to
= Annual demand ÷ economic order quantity
= 15,000 ÷ 300 units
= 50 orders
And, The average inventory would equal to
= Economic order quantity ÷ 2
= 300 units ÷ 2
= 150 units
The total cost of ordering cost and carrying cost equals to
b. Carrying cost = average inventory × carrying cost per unit
= 150 units × $25
= $3,750
c. Ordering cost = Number of orders × ordering cost per order
= 50 orders × $75
= $3,750
d. The reorder point would be
= Annual demand ÷ number of days × lead time
= 15,000 ÷ 300 days × 2 working days
= 100 units
Answer:
D. It will have to give up production and consumption of some other good.
Explanation:
In the absence of employment in economy the only option available is D because an individual will have limited resources. It will have to give up production and consumption of some other goods. Limited resources will not allow to increase output without giving up another good, to advanced the technology and increase in resources supplies.
The answer is classical decision making.
Managers have access to all information and choices under the classical decision-making approach.
The classical method is also known as the prescriptive, rational, or normative paradigm. It specifies how decisions should be made in order to achieve the desired outcome. In the classical approach, decisions are rationally determined and directed toward a single, set goal. It is employed when the decision maker has comprehensive knowledge of the problem and is aware of all feasible solutions. It is an outstanding decision-making approach. It makes sense because it is scientific, systematic, and sequential.
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Answer: Marginal decision making
Explanation: Her husband did not understand that while making decision, sometimes individuals have to choose option on margin basis.
If Simone decides to take all her time in the pool then she will loose the benefit she is getting from the bike. The value that Simone is getting from biking might be a little bit higher what she is getting from swimming.
This whole process brings her the overall development and its not the case of choosing one option over other.
Answer:
a. The SML would have a positive slope, but the slope would be flatter than it would be if investors were at risk.
Explanation:
<em> </em><em>The SML would have a positive slope, but the slope would be flatter than it would be if investors were risked The SML would be a horizontal line O The SML would have a positive slope, but the slope would be steeper than it would be if investors were risk-averse O The SML would have a negative slope.</em>