Answer:
Acquire skills and knowledge that are valuable to firms in both manufacturing and service sectors
Explanation:
Manufacturing and service operations answer different questions and formulate different strategies when it comes to planning and managing the way in which an organization is run.
Answer:
The optimal bundle is 6 pairs of dress shoes and 3 pairs of Crocs.
Explanation:
From the question,
Allowance (M) = $450; Price of dress shoes, Pd = $50; Price of crocs, Pc = $50
Note: MRS-price ratio, MUC- marginal utility from consuming casual Crocs ,MUD- marginal utility from consuming dress shoes
Optimal bundle is determined where MRS = Price ratio
MRS = MUC/MUD = 20DC/10C2 = 2D/C
Price ratio = Pd/Pc = 50/50 = 1
So, 2D/C = 1
Therefore, C = 2D
Budget constraint: M = Pd*D + Pc*C
So, 50D + 50*(2D) = 450
50D + 100D = 150D = 450
So, D = 450/150 = 3
C = 2D = 2*3 = 6
Answer:
Mark-up = 101.9%
Explanation:
<em>Mark up is the percentage of the product cost that is made as profit. It is profit expressed as a percentage of the product cost.</em>
Mark-up = profit/product cost × 100
Mark-up = $55/54 × 100 =101.85%
Mark-up = 101.9%
Answer:
4
Explanation:
Given:
A company employs two office assistants for every nine architects and
ratio is given = 2:9
Question asked:
How many new office assistants will it need to hire as it plans to hire eighteen new architects = ?
Solution:
Let ratio of new office assistants = 
Ratio of two office assistants for every nine architects = 2:9
By using formula of ratio and proportion:
Ratio of two office assistants for every nine architects : : ratio of new office assistants for eighteen new architects,
2 : 9 : :
: 18

By cross multiplication,

Dividing both side by 9,

Thus, 4 new office assistants will it need to hire.
Prevention of tire inflation accidents after mounting tires on wheels may be accomplished by making sure the tires are mounted and balanced correctly. If the tires are not mounted and balanced properly they could have a bigger issue when getting into an accident and them inflating. Car accidents can easily cause the tires to inflate and become more hazardous.