When the CEO of Apple, Steve Jobs, passed away on October 4, 2011, the stock of Apple fell by close to 10% while S&P 500 wen
1 answer:
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Answer: ($2,000)
Explanation:
With S3 as the supply curve, the equilibrium price is $10.
With this being a Perfectly competitive market, the profit maximising quantity will be where Price which is the same as Marginal Revenue equals Marginal cost.
That quantity is 200 gallons a week.
At this same level, the Average Total Costs are $20.
Profit (Loss) = (Price - ATC) * Quantity
= (10 - 20) * 200
= ($2,000)
Answer:
The question puts
Mean demand to be 20000
Standard deviation to be 10000
Storage cost = 60-30= 30
Excess cost to be 30+5-25 = 10
For shipping to south america
Excess cost = 30+5+5-35 = 5 dollars
A.
It is of more benefits to ship to south america because we have an excess cost of 5 dollars and excess clearance cost of 10 dollars
B.
Production and profitability are high for south america. Please check attachment for the calculations I added
C.
Number of units
27142-20000
= 7142 units.
