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MissTica
2 years ago
14

John's Pizzeria and Equilibrium John is selling his pizza for $6 per slice in an area of high demand. However, customers are not

buying his pizza. Using what you learned about the principles of equilibrium, write three to four sentences about how John could solve his problem.
Business
2 answers:
Tems11 [23]2 years ago
5 0

Answer:

If John's Pizzeria is located in an area of high demand and he is not selling his pizzas, it means that he is doing something wrong. There are two possible options:

  1. the price is too high: John should try to lower the price of his pizza. Currently John has a surplus production of pizza, because he is producing much more pizza than what he is actually selling. To increase his sales, John should try to lower the price and see how many pizzas he sells at $5, or even at $4. The only way that John can reach an equilibrium between his supply of pizza and the quantity demanded is to lower the price.
  2. the pizza tastes terrible: the only option is to make a better pizza.  

iren2701 [21]2 years ago
4 0

Answer:

Since John is selling his pizza for six dollars a slice and people are not buying it; he has an excess in supply. Customers may not be coming to his shop because his prices are too high. So, he should decrease the price of a slice of pizza to bring in more customers. Which would get rid of the excess supply and make the supply and demand equal.

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One operator services a bank of five machines. Machine running time and service time are both exponential. Machines run for an a
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Answer:

Average hourly output is 13.14 pieces.

Explanation:

Number of machines at the bank N = 5

Average service time T = 26 min

Machine runs for an Average R = 74 min

Number of servers M = 1

Service Factor, X = T / (T+R)

= 26 / (26+74)

= 0.26

Efficiency Factor, F = 0.683

Average Number of machine running A = N * F * (1 - X)

= 5 * 0.683 * (1 - 0.26)

= 2.52

Output rate = 26 * (A / N)

= 26 * ( 2.52 / 5)

= 13.14 per hour.

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2 years ago
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4 0
2 years ago
The Baldwin's workforce complement will grow by 20% (rounded to the nearest person) next year. Ignoring downsizing from automati
Arada [10]

<u>Answer:</u>

<em>The correct answer is 84700</em>

<u>Explanation:</u>

The Recruitment cost of the Baldwin's workforce can be calculated as follows. Total employee last year = 434+67= 501 Number of employees this year = 501*(1+10%) = 551 Increase in employee = 50 Amount spend on recruitment = 50*1694 = 84700 For every item, if your calendars are not exactly or equivalent to the first Shift Capacity, your labourers might be utilized on a first Shift.

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2 years ago
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Answer:

Ending inventory cost= $1,494

Explanation:

Giving the following information:

Beginning Inventory: 300 $780

Purchases:

May 10: 400 units for $1,170

June 15: 500 units for $1,260 ($2.52 per unit)

August 28: 300 units for  $990 ($3.3 per unit)

The company had 500 units were in its ending inventory at the end of the year.

Under FIFO (first-in, first-out), the ending inventory cost is calculated using the cost of the last units incorporated.

Ending inventory cost= 300*3.3 + 200*2.52= $1,494

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2 years ago
Managers are constantly seeking out new tools to meet new challenges. Indicate whether today’s manager’s are more or less aware
Galina-37 [17]

Answer:

Customer relationship management system​ (CRM)

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A <em>CRM </em>system is what keeps the customer coming back. Instead of targeting each customer with a default bundle of products that are trending, the customer relationship management system tracks down the customer's habits and preferences, creating a tailor-made approach. Every customer is different in things he/she wants to buy. This way, marketing gets more customized and customer statistics generates better reports (more insight for the long-term).

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