Answer:
If nothing changes except that producers sell more of a good or service when the price increases, we know this is an example of the law of SUPPLY
Explanation:
The law of supply is simply termed as when there is an increase in quantity of goods also results into an increase in the price although every other factors must remain the same
Answer:
all of the above
Explanation:
<u>Decision support systems</u> is a computer system that uses information systems. <em>The main objective</em> of this program is to assist in organizational decision making. To be enabled for this function, the system operates using a large amount of data, which converts information and compiles the most relevant information to provide existing alternatives that assist the effective decision making process.
The bakery should stock 2 wedding cakes.
Solution:
Cost = $33/cake
Rev = $60
Shelter value= $30
Cost of stock out = Selling Price - Unit cost
= $60 - $33 = $27
Cost of excess inventory = Unit cost - Salvage value
= $33 - $30 = $23
The bakery will stock 2 marriage bakes as the service standard of 0.54 dropped to a combined likelihood of 0.50 and 0.80.
Answer:
$3,116,041
Explanation:
For computing the cost of buying a set first we have to determined the percentage needed for the stock which is shown below:
= 1 ÷ (Number of seats + 1)
= 1 ÷ (4 +1 )
= 20%
Now number of stock required is
= (380,000 shares × 20% ) + 1
= 76,001 shares
So, the total cost required to buy a seat is
= 76,001 shares × $41
= $3,116,041
We simply multiplied the number of stock with the selling price of the stock so that the total cost could come
