Answer:
The demand function is p= (-2.1)*q + 15.3
Explanation:
The supply function for honey is p=S(q)=0.4*q+2.8, where p is the price in dollars for an 8-oz container and q is the quantity in barrels. The equilibrium price is $4.80. So, the equilibrium quantity is:
4.80=0.4*q+2.8
Solving:
4.80 - 2.8=0.4*q
2=0.4*q
2÷0.4= q
5=q
The demand function, assuming it is linear, is p=m*q+b
The equilibrium quantity is 5 barrels and the equilibrium price is $4.80; and the demand is 4 barrels when the price is $6.90. So:
Isolating the variable "b" from the first equation, you get:
4.80 - m*5= b
Replacing the previous expression in the second equation you get:
6.90=m*4 + 4.80 - m*5
6.90 - 4.80=m*4 - m*5
2.1= (-1)*m
2.1÷(-1)= m
-2.1=m
Replacing the value of "m" in the expression 4.80 - m*5= b you get:
4.80 - (-2.1)*5= b
Solving you get:
15.3= b
So, <u><em>the demand function is p= (-2.1)*q + 15.3</em></u>
Answer:
Short-term creditors are most interested in liquidity ratios because they provide the best information on the cash flow of a company and measure its ability to pay its current liabilities or the money a company owes to its creditors.
I believe that when it comes to dealing with situations that are both moral and political, it is best to handle it with an open mind and not to be too rigid. The thing about moral dilemmas is that there are times when things are not black and white. So in order to solve this issue, you need to have an open mind. Of course you should always revolve your solution on ethics and basically knowing what is the right thing to do.
Answer:
Just in time inventory system
Explanation:
Just in time inventory system is on that ensures that the amount of a product needed is available to the consumer and no more is stockpiled.
For this inventory style to be successful the business will need to forecast accurately the demand of customers.
Just in time inventory system is aimed at increasing efficiency and reducing cost such as storage cost.
There is little or no delay time and idle-in process and finished goods inventory
Answer:
From the standpoint of hotel management, this "money laundry" should be viewed as: both a cost center and a profit center
Explanation:
A profit center is a branch or division of a company that is expected to add to the entire profitability of that company.
A cost center does not costs the organization money to operate and does not add profit directly to the company.
However, it can contribute to profit indirectly by enhancing the company's operational excellence, customer service, and general service delivery.
Cleaning and polishing coins (pocket change) for the guests as a unique service could come as a perk that makes San Francisco's St. Francis Hotel a preferable hospitality center.
Even though it costs to maintain the money laundry, the hotel can carefully increase the general rates to include the additional cost.
