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Elanso [62]
2 years ago
7

Jed goes to the deli to purchase turkey that costs $6.71 per pound. State regulations indicate that the scale used in the deli m

ust be accurate to within 1 20 pound. According to the scale, Jed's purchase weighs one-fourth pound and costs $1.68. How much might he have been undercharged or overcharged due to a scale error
Business
1 answer:
Neporo4naja [7]2 years ago
5 0

Answer:

$0.333

Explanation:

Given :

Price per pound = $6.71

Accuracy should be within 1/20 pound

Weight of Purchase = 1/4 pound

Cost of purchase = $1.68

Since accuracy is within 1/20 pound ;

The weight of purchase will be within :

(1/4 - 1/20 ; 1/4 + 1/20)

(0.2 ; 0.3)

The weight of purchase would be within (0.2 ; 0.3) including factoring in the accuracy level.

Price per pound = $6.71

If weight is 0.2 pounds ; ($6.71 * 0.2) = 1.342

If weight is 0.3 pounds ; ($6.71 * 0.3) = 2.013

Difference :

$(2.013 - 1.68) = $0.333

Owing to scale error, Jed might have been under charged or overcharged an amount of $0.333

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The correct answer is letter "C": Consumer Credit Protection Act.

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What are two kinds of open-ended credit?
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3 years ago
as we look into the future the traditional purchasing approach will be transformed into ____ . ___ will be the tool that drives
aksik [14]

As we look into the future the traditional purchasing approach will be transformed into E-sourcing.

<h3>What is  E-sourcing?</h3>
  • The typical seven-step sourcing procedure can be used with a number of e-Sourcing solutions.
  • The procedures are the same whether e-sourcing software is used or not.
  • The distinction is in how you carry out each action.
  • You should choose the tools as a category manager or sourcing specialist that are most compatible with your company's goals.
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  • Simply put, e-Sourcing is a group of digital tools that aid in streamlining, streamlining, and improving the strategic sourcing activities and procurement processes carried out by the procurement team of an organization.

Hence, As we look into the future the traditional purchasing approach will be transformed into E-sourcing.

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5 0
1 year ago
Until now, only injectable vaccines against influenza have been available. Parents are reluctant to subject children to the pain
Jobisdone [24]

Answer:

D) Adults do not contract influenza primarily from children who have influenza.

Explanation:

The conclusion from this argument is that there is no health benefit for the nasal spray vaccine since it was designed to be administered to children, but children rarely get influenza.

The only assumption that strengthens this conclusion is that children do not pass influenza to adults.

  • If this is true, plus the fact that children rarely get influenza, then why would anyone need an influenza vaccine for children.
  • If this assumption was false and children passed influenza to adults, then the conclusion would be wrong because a vaccine would be necessary to prevent children from passing influenza.

7 0
2 years ago
Two hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the for
zheka24 [161]

Answer: See explanation

Explanation:

The magnitude of the deadweight loss resulting from the externality is shown below:

MC = 500 + 2Q

MEC = 40 + 2Q

Therefore, the Marginal social cost (MSC) will be:

= MC + MEC

= 500 + 2Q + 40 + 2Q

= 540 + 4Q

Since Demand: Q = 150,000 - 100P, we have to get a function for P which will be:

Q = 150,000 - 100P

100P = 150,000 - Q

P = (150,000 - Q)/100

P = 1,500 - 0.01Q

Total revenue, TR = P x Q

= (1,500 - 0.01Q) × Q

= 1500Q - 0.01Q²

Marginal revenue, MR will be:

= dTR / dQ

= 1,500 - 0.02Q

It should be noted that for when there's no externality, Equilibrium, MC must be equal to MR. Therefore,

1,500 - 0.02Q = 500 + 2Q

2Q + 0.02Q = 1500 - 500

2.02Q = 1,000

Q = 1000/2.02

Q = 495

P = 1,500 - (0.01 x 495)

= 1,500 - 4.95

= 1,495.05

When there's externality, Equilibrium will be:

MR = MSC

1,500 - 0.02Q = 540 + 4Q

4.02Q = 960

Q= 960/4.02

Q = 239

Therefore, P = 1,500 - (0.01 x 239)

= 1,500 - 2.39

= 1,497.61

Then, we will calculate the deadweight loss which will be:

= 1/2 x Difference in price x Difference in quantity

= 1/2 x (1,497.61 - 1,495.05) x (495 - 239)

= 1/2 x 2.56 x 256

= 327.68

3 0
2 years ago
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