Answer:
$6.00
Explanation:
Given data
quantity demanded ( x ) ∝ 1 / p^3 for p > 1
when p = $10/unit , x = 64
initial cost = $140, cost per unit = $4
<u>Determine the price that will yield a maximum profit </u>
x = k/p^3 ----- ( 1 ). when x = 64 , p = $10 , k = constant
64 = k/10^3
k = 64 * ( 10^3 )
= 64000
back to equation 1
x = 64000 / p^3
∴ p = 40 / ∛x
next calculate the value of revenue generated
Revenue(Rx) = P(price ) * x ( quantity )
= 40 / ∛x * x = 40 x^2/3
next calculate Total cost of product
C(x) = 140 + 4x
Maximum Profit generated = R(x) - C(x) = 0
= 40x^2/3 - 140 + 4x = 0
= 40(2/3) x^(2/3 -1) - 0 - 4 = 0
∴ ∛x = 20/3 ∴ x = (20/3 ) ^3 = 296
profit is maximum at x(quantity demanded ) = 296 units
hence the price that will yield a maximum profit
P = 40 / ∛x
= ( 40 / (20/3) ) = $6
According to the National Center for Educational statistics, approximately 90-99% of children age 14-15 are enrolled in school (this does not measure the number that actually attend school).
Answer: Option E
Explanation:
A. Poor quality inventory will not be sold leading to excess of it thus it is a reason.
B. Large set up times will lead to loosing of customers, thus, reason for excess inventory.
C. Unreliable equipment urges for overproduction while the equipment is working efficiently thus it is a reason for excess inventory.
D. Poor employee relationships effects organisation process which might lead to delay in sales thus, a reason for excess inventory.
E. Workers union establishes efficiency in the work performance of labor, thus, it is not a reason in excess inventory.
Answer:
The correct word for the blank space is: joint.
Explanation:
Joint demand refers to the demand for products and services that are dependent on each other. In such cases, those goods are complementary but they can be acquired separately if necessary. An example of goods with joint demand would be tea and sugar or a printer and ink.
Answer: Amy is <em>concerned </em>with her organization's i<em>nability to solve problems</em> quickly. Several <u>subordinates have complained</u> to her that they feel alienated from the management <u>making the decisions</u> about their jobs with<u> no input </u>from them.
The element that Amy should address is the Chain of command.
Explanation:
A chain of command is a system for sending inside information of organizations with strong, vertical and authoritative structures.
The continuous flow of the chain of command clearly establishes the authority, revealing this depending on who reports to whom.
We must take into account the Authority and the Unit of command. This last is very important because it states that each supervisor must inform only one superior and like this the company preserves the continuous line of authority so all employees are heard and their ideas are taken into consideration for making decisions.
