Each one is a opportunity cost because you can only pick one and you cant get the other because one is more scarce than the rest. Nothing is free you gave up the rest of the choices to pick one choice which suited your self interest best
Answer:
The optimal production batch size for the supplier is 980 units.
Explanation:
In order to calcuate the optimal production batch size for the supplier we have to use the following formula:
optimal production batch size= 
(<u>2×Annual Demand×setup cost)</u>
Holding Cost
optimal production batch size= (<u>2×(1,000×12)×($250×4)</u>
($100×25%)
optimal production batch size=(<u>2×12,000×$1,000)</u>
$25
optimal production batch size= 980 units
Overpricing is a real issue
Answer:
B, B
Explanation:
If Cuba decides to open up trade with the world grapefruit market, the price of domestic Cuban grapefruit for consumers will Increase because the opening of trading with the world will decrease amount of grapefruit available for the people in Cuba thereby creating shortage which will lead to increase in price. Cuban exports of grapefruits will Increase by virtue of opening to the rest of the world.
Answer:
omg what is this I can't understand sorry
