Answer:
(B) A big sale on socks
For a movement along the demand curve the reason has to be a price factor as all other factors shift the supply curve to the right or left. In this case the a big sale on socks would mean that the price of the socks is decreasing, which will move the point on the demand curve further down on the curve as the demand curve is downward sloping, and a decrease in price would move the point of quantity traded further down to the curve.
Explanation:
Answer:
Seth's total profits is $1,535.359
Explanation:
According to the given data we have the following:
MC = 0 and we will ignore fixed costs
Therefore TC = 0
Demand function in Santa barbara is
p = 74 - q
MR = 74 - 2q
Since Seth sets different uniform prices in two markets to maximizes his profit therefore
,
MR = MC
74 - 2q = 0
2q = 74
q=37
p = 74 - 37 = 37
Profit = pq - TC
= 37*37 - 0
= $1,369
Inverse demand finction Goleta is
p = 39 - 4q
MR = 39 - 8q
MR = MC
39 - 8q = 0
8q = 39
q = 4.875
p = 39 - 4.875 = 34.125
Profit = pq - TC
= 34.125*4.875 - 0
= $166.359
Therefore, Seth's total profits = $1,369 + $166.359
Seth's total profits= $1,535.359
Seth's total profits is $1,535.359
Answer: b) No
Explanation:
If you double the capacity of the bottleneck operation i.e the operation that has a limited capacity that is causing the entire project to slow down, it could work for removing the bottleneck from that particular operation. The problem however, is that this bottleneck might then be passed into another operation which will then slow down the entire process again.
Think of this this way, imagine there is constant traffic on one road with a double lane in a city and the city decides to up it to a four lane drive. The traffic subsides in that area but still continues on the road lane after the upgraded road which is a 2 lane as well.
The problem may have been fixed in one area but might just come up in another one.
Answer:
Z-Mart purchased $3,000 worth of merchandise on credit. Transportation costs were an additional $100, paid cash to the cartage company on delivery. Z-Mart returned $300 worth of merchandise and paid the invoice on time, and took a 2% purchase discount. The amount of this payment was <u>$2744</u>
Explanation:
Purchases excluding freight $3,000
Less:Goods returned -$300
Add:freight charges $100
Net Purchases $2,800
Less:Discount on payment($2,800*2%) -$56
Net cash paid $2,844
Answer:
The correct answer is both A and C
Explanation:
Solution
Given that:
The Process 1 Registration, Capacity = 0.5 registration per minute (1/2)
The Process 2 Cashier, Capacity = 1*3 / 10 = 3/10 = 0.3 payments per minute
The Process 3 , Photo ID, Capacity = 1*4 / 20 = 0.2 ID per minute
Now
The Time taken for process a unit is minimum of Demand rate / Lowest process capacity
so, the flow rate = 0.2 student per minute or 5 minute per student
Thus,
The total time = 20 * 5 = 100 minutes.
