Answer:
Production during January= 9000 units
Explanation:
By the following information, we need to calculate the number of units to produce in January:
beginning inventory 12,000 units
Sales January = 17000 units
Sales february= 20000
Ending inventory= 20% of expected sales for next month
Production during January= Sales January + ending inventory - beginning inventory
Production during January= 17000 + 0,20*20000-12000
Production during January= 9000 units
Answer:
d. Relies on prices and sales to communicate consumer wants to producers.
Explanation:
Market mechanism also known as free market economy is a market where there are no government control over what the buyers buy and what the sellers sells. Here, there are no regulations to prices of goods and services .
In a market mechanism, decisions on forces of demand and supply are made solely by individuals. Market mechanism are associated with capitalist economies unlike Government controlled markets which are associated with Socialist economies.
Examples of market mechanism are industries, companies, businesses which produces and sells goods and services at the price commensurate with what consumers want to pay . Also, companies are willing and able to pay highest wages and salaries in line with workers demand.
Answer and Explanation:
The computation is shown below:
a. For the percentage of failures is
= Number of failures ÷ number of pacemakers tested
= 4 ÷ 90
= 4.4%
b. For Number of failures per unit-hour of operating time
= Number of failure ÷ total time - non-operating time
= 4 ÷ (5,000 × 90) - (5,000 ÷ 2 × 4)
= 4 ÷ (450,000 - 10,000)
= 4 ÷ 440,000
= 9.09 × 10^-6
= 0.00000909 failure per unit-hour
c. For Number of failures per unit-year is
= Failure ÷ unit year
= 0.0000090909 × 24 hours × 365 days
= 0.07963 failure per unit-year
Answer:
a) decrease the quantity demanded
Explanation:
According to the law of demand, an increase in the price of a good reduces the quantity demanded for that good.
