Prices and wages tend to be: a. flexible to decrease, but inflexible to increase. b. inflexible to increase and to decrease. c. flexible to increase, but inflexible to decrease. d. Flexible to increase and decrease.
Q: Month January February March April May June Total Demand Average Monthly Demand TABLE 13-4 Soda…
A: Note that, there is no information related to questions b and c, so we have answered the first…
Q: Explain how you will develop a management information system to collect, store, update, process…
A: The backbone of an organization's operations is a computer system comprised of hardware and software…
Q: If you wanted some assistance in setting up and running a new business, you might look at business…
A: Business incubator is an organization that helps to develop individual businesses. It provides…
Q: Boardwalk Electronics manufactures 250,000 circuit boards per month. A random sample of 4,000 boards…
A: Given data: Number of circuit boards =250,000 A random sample of boards = 4000 boards Total no. of…
Q: 1.1.6 A company produces four products: W_1, W_2, W_3, and W_4. Two of the many inputs used in the…
A: Max Z = 2 W1 + 2W2 + 1W3 + 3W4 subject to 5W1 + 2W2 + 1.5W3 + 2W4 <= 90000 2W1 + 2W2 +…
Q: Briefly mention the five characteristics of data patterns in time series method of forecasting.
A: Time series forecasting happens when making a scientific projection based on documented or…
Q: www www m www.w w wwww www www
A: Team matrix creates a grid of reporting relationships. It helps in systematic use of resources as…
Q: Name one disadvantage of using arbitration to settle labor disputes and explain your reasoning.
A: Arbitration is process of dispute settlement by the parties in which the parties submit there…
Q: Data and information is one of the important elements in TQM Management. Explain roles of data and…
A: Total quality management refers to the participation of all the members of an organization in…
Q: one: role overlo source. receiver. noise.
A: People at various levels of a company must communicate with one another in order to develop a…
Q: Month 2 3 4 Value 24 13 20 12 19 23 15 Develop the three week m maving -data avertay fore as ts fort…
A: Forecasting is a process which helps to predict the unknown future based on interpreting the…
Q: The Wacky Widget Company manufactures widgets. Manufacturing widgets takes four steps, done in…
A: Given data Demand rate = 0.14 widgets per minute The supply rate of the raw material = 0.18…
Q: What type of issues can be raised in the E-Commerce Sector while working with enterprise resource…
A: ERP stands for Enterprise Resource Planning. It is a multi-functional software which supports all…
Q: What type of information system is shown in McDonald’s commercials where food ordering is done…
A: McDonald's is one of the world largets franchisee business operating currently and it has very broad…
Q: ction ptim
A: Optimum yield function
Q: A snack stand with one seller is set in a university campus. Customers arrive at the snack stand at…
A: Given, Arrival rate, λ= 1÷5=0.2 customers per minute Service rate, μ =1÷4=0.25 customers per minute…
Q: Which of the following procedures should be performed first? A. Service-affecting maintenance B.…
A: A firm needs to perform various procedure in a sequence in order to find out the best results and to…
Q: Any time you transact in the market (e.g., with another company) there are costs associated with…
A: Transaction taking place between company to company is known as C to C commerce where two or more…
Q: Discuss different type of inventory control techniques used in operations Management with example.
A: Inventory control techniques refers to a techniques which are used to control the inventory…
Q: QUESTION FOUR (4) a. Why do you think schedule issues often cause the most conflicts on projects? b.…
A: 4a) Scheduling is defined as listing out all the activities, deliverables and the milestones within…
Q: Does the process eliminate steps that do not add value?
A: The concept of lean manufacturing or production is nothing but the process of relentlessly working…
Q: In a Lean approach to supply chains, product (material) in storage is considered Waste. True False
A: Inventory is the raw materials or resources and finished products that are stored in the storage…
Q: Construct the PERT network for this project and determine the follow: Expected activity times and…
A: D(duration)=given in the question as normal time ES (Early start)= The first activity from where the…
Q: Construct a time series plot. What type of pattern exists in the data? a. Develop the three-week…
A: There are various methods to forecast demand/sales like the moving averages method, exponential…
Q: a) Over what range of production is each location optimal? b) For a production of 200 units, which…
A: a) Total expenses = fixed costs per year+variable expenses per units number of units
Q: a bottleneck? In certain cases, endurance testing might identify the kind of errors that have been…
A: Bottleneck
Q: A distributor uses the following equation for forecasting demand of ski goggles: Y = 834 + 18*t,…
A: seasonal forecast is obtained by multiplying the forecast with the relative values fo the periods.
Q: QUISTION : 1 8.14 An American consulting firm is planning to expand globally by opening a new office…
A: 1)
Q: A district is served by Taxi company. The company owns 4 Toxis, colls arrive to the company's…
A: Given. Number of channels or taxis, k= 4 Arrival rate, λ =16 per hour= 0.26 calls per minute It…
Q: Enumerate 5 system that can apply in Process Improvement. With example
A: Process improvement:- Process improvement plays an important role in business today, but it can be…
Q: Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Assume that the…
A: We will solve this by using the transportation method and using excel solver.
Q: Hi there can you please assist on the following questions below You have been recently appointed as…
A: Insourcing (In house) is the process of providing or making goods & services on behalf of the…
Q: A time study was made of an existing job to develop new time standards. A worker was observed for 45…
A: The detailed solution is given in Step 2.
Q: a. How many tires should Rocky Mountains tire order each time it time it places an order? b. What is…
A: Economic order quantity is the optimal order quantity that a company need to purchase so that its…
Q: Quantity of a raw material listed in a purchase order counts as demand when you check the…
A: Inventory management is all about managing the inventory of a company which is the quantity of stock…
Q: 1. Game theory models are most appropriate when a. a firm is a monopoly developing a new unique…
A: Game theory is a system for contemplating get together with contending entertainers. Game hypothesis…
Q: he Classical Approach of the Systems Development Life Cycle may be used to identify a problem in an…
A: The System Development Life Cycle,for petite, is a multistep, reiterative process, organized in a…
Q: and the holding cost is $2.00 perunit per year. racing cost is $20.00 per order a. POINT Calculate…
A: Economic order quantity is the optimal order quantity that company need to purchase so that its…
Q: What can you say about a queue that is Ek/M/3/PR/200/infinity?
A: A queue is a line of people or vehicles waiting for something, such as a bus or a movie theater…
Q: A large bakery buys sugar in 50-kg bags. The bakery uses an average of 1,344 bags a year. Preparing…
A: given, annual demand (D)=1344 bags holding cost (H)=P630 ordering cost =P135
Q: A company manufactures dog leashes that sell for $19.81, including shipping and handling. The…
A: The Break-even point is the point at which the production cost and the production revenue of the…
Q: production costs $50. The cost of each light is $1. The holding cost is $0.10 per light a. What is…
A:
Q: Please rate each of the four quadrants according with are lowest, medium and highest risk.
A: The given matrix is called the Growth Strategy Matrix or Product/Market Expansion Grid. It is used…
Q: employees. Estimates of the increase in volunteers are given in the table below. How should the…
A: For the assignment problem, we have to make the matrix a balanced matrix by adding dummies. Then we…
Q: a. What was the proportion nonconforming for each batch? Round your answers to two decimal places.…
A:
Q: QUESTION 1 Your organization has signed a new project contract to install 12 electric generators.…
A: Week Number of generators to be installed Total estimated Cost 1 1 10,000 2 2…
Q: what is the impact that the COVID-19 pandemic has on Las Vegas, USA competitive advantages?
A: Covid 19 pandemic is one of the major impactful pandemic which world has witnessed and it has…
Q: Which of the following is NOT generally an area of measure in a balanced scorecard? Question 23…
A: Balanced scorecard is an example of a performance measurement system. By the components of this…
Q: What role does technology play in healthcare advancement and fiscal responsibility?
A: Technology: Technology is the application of scientific knowledge to the practical goals of human…
Prices and wages tend to be:
a.
flexible to decrease, but inflexible to increase.
b.
inflexible to increase and to decrease.
c.
flexible to increase, but inflexible to decrease.
d.
Flexible to increase and decrease.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.In an expansionist strategy, if the demand is increasing and the time between increments increases, the size of the increments must: a. increase. b. increase or decrease depending on competitor actions. c. decrease. d. remain unchanged.Answer the following questions. Make sure to number your answers when you upload your response. Suppose Alphonso’s town raised the price of bus tickets to $2.50 per trip (while the price of burgers stayed at $3.50 and his budget remained $11.50 per week.) Draw Alphonso’s new budget constraint. What happens to the opportunity cost of bus tickets? Suppose Alphonso’s town raises the price of bus tickets from $2.50 to $5 and the price of burgers rises from $3.50 to $7. Why is the opportunity cost of bus tickets unchanged? Suppose Alphonso’s weekly spending money increases from $11.50 to $23. How is his budget constraint affected from all three changes? Explain. Use this information to answer the following 4 questions: Marie has a weekly budget of $24, which she likes to spend on magazines and pies. If the price of a magazine is $4 each, what is the maximum number of magazines she could buy in a week? If the price of a pie is $12, what is the maximum number of pies she could buy in a…
- Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure. A company faces the following demands during the next three weeks: Week 1, 20 units Week 2: 10 units Week 3, 15 units The unit production costs during each week are as follows: week 1, $10; week 2, $11; week 3, $15. A holding cost of $2 per unit is assessed against each week’s ending inventory. At the beginning of week 1, the company has five units on hand. No backlog is allowed in any week. Determine how to minimize the cost of meeting the demand for the next three weeks. Please solve in excel.3-4) How many pounds of beans will Taco Loco have left over if they produce the optimal quantity of products X, Y, and Z? A) 28.73 B) 39.27 C) 0 D) 1E + 30 3-5) What is the increase in revenue if Taco Loco purchases 20 pounds of cheese for $1 and uses it optimally? A) $0 B) $9.09 C) $29.00 D) $158.18All the following statements are false, in general .For each statement , give a brief explanation of why it is false and an example of a case when its true, if ever. a) If the market of good 1 doubles and the price of good 2 triples , the budget line will pivot down. b) If an individual demand curves are linear , so the market demand curve. c) Roughly circular indifference curves are implausible for standard consumers.
- Which of the following is true regarding period and product costs?a. Factory lease is a period cost, and sales commissions are a product cost.b. Factory lease is a product cost, and sales commissions are a product cost.c. Factory lease is a period cost, and sales commissions are a period cost.d. Factory lease is a product cost, and sales commissions are a period costAs the Quality Sweaters problem is now modeled, if all inputs remain fixed except for the number mailed, profit will increase indefinitely as the number mailed increases. This hardly seems realistic—the company could becomeinfinitely rich. Discuss realistic ways to modify the model so that this unrealistic behavior is eliminated.The concept of ‘Profit maximization’ means a. increasing the firm’s net income as much as possible b. increasing the firm’s liabilities as much as possible c. increasing the firm’s expenses as much as possible d. increasing the firm’s loans as much as possible
- Each day, QBlitz, a Seattle-based startup, offers a single product through its website.The product is available for order only on one day, and no other products are availableduring that day. To add to this odd selling strategy, QBlitz does not post prices for itsproducts. Instead, for each product there is a reserve price. On the day a product is available, customers can submit bids. All of the bids that exceed the reserve price are told atthe end of the day that they “won” the product and they pay the price they bid. QBlitzthen adds up all of the winning bids and submits an order to a supplier for the neededquantity. If the supplier delivers that quantity, then QBlitz ships the product to the winners once the product is received. However, if the supplier delivers only a portion ofthe ordered quantity, then QBlitz ships the product to the highest bidders that it cansatisfy and notifies the others that they will receive a refund because they will not in factreceive the product. The…It costs a company c(x) dollars to produce x units. Thecurve y c (x) is called the firm’s marginal cost curve.(Why?) The firm’s average cost curve is given by z c(xx).Let x* be the production level that minimizes the company’saverage cost. Give conditions under which the marginal costcurve intersects the average cost curve at x*.Select one: O a. An increase in income causes an increase in the demand for a normal good. O b. An increase in income causes a decrease in the demand for an inferior good. O c. Adecrease in income causes the demand curve for a normal good to shift to the left. O d. Anincrease in income causes the demand curve for an inferior good to shift to the right.