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Naya [18.7K]
2 years ago
7

Using the Chipotle example we have discussed in class imagine that all employees are paid $15/hour, the grill costs $300, and ea

ch cash register costs $200. All other utensils and items come at zero cost. Applying the principles of business process improvement that we have discussed in class, what is the lowest cost Chipotle can achieve with the highest flow rate
Business
1 answer:
Lelechka [254]2 years ago
5 0

Answer:

The correct answer will be "$620".

Explanation:

It is important to note that certain principles are involved in the process of streamlining business processes, including:

  • Interpersonal skills of the organizational leaders.
  • Client focus entirely, defined objectives, accuracy, and so on., are encouraged.

The lowest cost will be:

= (15\times 8)+300+200

= 120+300+200

= 620 ($)

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Jaime works as a Power Plant Manager. What are some tasks that he may be involved in?
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2 years ago
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Sanders Company has the following information for last year: Selling price $190 per unit Variable production costs $52 per unit
Veseljchak [2.6K]

Answer:

Option (c) is correct.

Explanation:

Given that,

Variable production costs = $52 per unit

selling and admin. expenses = $18 per unit sold

Fixed production costs = $240,000

Fixed selling and admin. expenses = $180,000

Units produced = 12,000

Units sold = 7,000

Therefore,

Cost of ending inventory:

= (Units produced - Units sold) × Variable production costs per unit

= (12,000 - 7,000) × $52

= 5,000 × $52

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5 0
2 years ago
Consider two firms that compete in Cournot oligopoly. They face inverse demand p(Q) = 120−Q where Q = q1 +q2 is the sum of the t
coldgirl [10]

Answer:

Detailed step=wise solution is given below:

Explanation:

a)

P = 120 - Q = 120 - q1 - q2

MC1 = MC2 = 60

For Firm 1, Total revenue (TR1) = P x q1 = 120q1 - q12 - q1q2

Marginal revenue (MR1) = \partial TR1 / \partial q1 = 120 - 2q1 - q2

Equating MR1 and MC1,

120 - 2q1 - q2 = 60

2q1 + q2 = 60 ............(1) (Best response, Firm 1)

For Firm 2, Total revenue (TR2) = P x q2 = 120q2 - q1q2 - q22

Marginal revenue (MR2) = \partial TR2 / \partial Q2 = 120 - q1 - 2q2

Equating MR2 and MC2,

120 - q1 - 2q2 = 60

q1 + 2Q2 = 60 ............(2) (Best response, Firm 2)

Cournot equilibrium is obtained by solving (1) and (2)

2q1 + q2 = 60 ..............(1)

(2) x 2 results in:

2q1 + 4q2 = 120.............(3)

(3) - (1) results in: 3q2 = 60

q2 = 20

q1 = 60 - 2q2 [From (2)] = 60 - (2 x 20) = 60 - 40 = 20

Q = 20 + 20 = 40

P = 120 - 40 = 80

Market share, firm 1 = q1 / Q = 20 / 40 = 0.5 = 50%

Market share, firm 2 = q2 / Q = 20 / 40 = 0.5 = 50%

(b) HHI Index = (50)2 + (50)2 = 2,500 + 2,500 = 5,000

(c) A monopolist maximizes profit by equating MR with MC.

P = 120 - Q

TR = P x Q = 120Q - Q2

MR = dTR / dQ = 120 - 2Q

Equating MR & MC,

120 - 2Q = 60

2Q = 60

Q = 30

P = 120 - 30 = 90

In a monopoly, HHI = 10,000

Change in HHI = 10,000 - 5,000 = 5,000 (Increase)

(d) When MC = 30, equating MR & MC:

120 - 2Q = 30

2Q = 90

Q = 45

P = 120 - 45 = 75

In a monopoly, HHI = 10,000

Change in HHI = 10,000 - 5,000 = 5,000 (Increase)

6 0
2 years ago
A visually evident condition that should alert a reasonably diligent real estate agent as to a problem is commonly referred to a
deff fn [24]

The answer that is being depicted above is red flag. This is a process or a way of having to provide reasonable explanation or to alert an individual when there is a problem that is present in means of having to let them know about it.

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2 years ago
Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demand
insens350 [35]

Answer:

17

Explanation:

I believe this, but I don't really know. Sorry.

6 0
2 years ago
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