Illustrate, by solving the problem below, the economic order quantity model. Use the information that follows: Annual usage: Price Per unit: Carrying costs: Ordering cost: 1000 units P 10 10% P 20
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- Consider the quarterly demand levels for electricity (1000 megawatts) in Polokwane from 2015 to 2018. Quarter 2015 2016 2017 2018 Jan March 21 35 39 78 Apr- June 42 54 82 114 July- Sept 60 91 136 160 Oct- Dec 12 14 28 40 Using the third period moving average Determine the adjustment factor: O a) 1.000 b)0.828 c) 0.758 d) 0.799MU of the commodity when no commodity is consumed is: (a) Maximum (b) Falling (c) Constant (d) Rising-Help plotting points and labeling Need to be done in atleast 20 mins
- 6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Houston. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per bike) 300 275 ) 250 225 175 150 125 100 75 50 25 0 0 + 6 12 18 24 30 36 42 48 QUANTITY (B) Demand 54 60 66 72 Total Revenue1. A steel bar manufacturer business can make 15000 bar a week. It is determined that to achieve this production, the company need to spend 90000 pesos weekly for materials, utilities and transportation. The manager also pays a fixed cost of 10000 pesos per week. HOW MUCH per steel bar should they sell to gain a profit of 40% of the total cost?Economics A company sells apples. Annual demand is 20,000, the order cost is $150.00 and the holding cost is 20% of the cost of each item. Cost of each item is $80.00. Calculate: a. The economic order quantity EOQ) b(i) the annual order cost ii) the annual holding cost iii ) total annual cost including cost of items.
- Price ($ per ton) 280 300 320 340 360 380 Quantity Supplied (million tons) 8.5 9.0 9.5 10.0 10.5 11.0 Quantity Demanded (million tons) 12.5 11.0 9.5 8.0 6.5 5.0Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations: Miles Mowed Labor Month and Cleaned Costs April 240 S6,800 May 305 7,680 June 325 8,310 July 275 7,200 August 220 6,550 September 200 5,760 Оctober 75 4,960 Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. Monthly labor costs - $ 3,955 v + $ 13.4 v X Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs. Monthly labor costs - $ 9,181 x + $ 13.4 x x Adjust the equation developed in…Q6The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2008. Prices and Quantities Year 2008 2009 2010 2011 Price of Cereal Quantity of Price of Milk Cereal $4.00 $4.00 Refer to Table 10-4. In 2008, this country's $6.00 a. d. 90 120 150 $1.50 $2.00 $2.50 $3.50 b. nominal GDP was equal to real GDP and the GDP deflator was equal to 1 nominal GDP was less than real GDP, and the GDP deflator was less than 100 4. nomunal GDP was equal to real GDP, and the GDP deflator was equal to 100 Q7. Refer to Table 10-4. In 2009, this country's real GDP was $660, and the GDP deflator was 113.4 b. real GDP was S670, and the GDP deflator was 115.2 real GDP was $660, and the GDP deflator was 115.2. real GDP was $670, and the GDP deflator was 113.4. Quantity of Milk 150 a nominal GDP was greater than real GDP and the GDP deflator was greater than 100. 180 200 200
- B C 1 2 D E Historical Price Data Seed Oil Mash Average Price Average Price Average Price 3 Marketing Year Index $/short ton Index $/short ton Index $/short ton 4 1 127.7 317.8 63 5 2 192.4 465 87 6 3 242 662.2 105 7 4 242 668.2 111 8 9 56 274 791.3 124 6 242 732 108 10 7 290 951 134 11 8 347.2 1123 153 12 9 436 1297.3 193 13 10 422.8 1312 187 14 11 466 1416 193 15 12 582 1664 247 16 13 508 1317.4 242 17 14 428 1182.4 197 18 15 434 1334.4 210Question: What is the extra cost imposed by the government which increase the price for a customer is known as?A SubsidyB TaxC InflationD FinePlease Dont use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave 30 dislikes for you and more from my friends accounts also.Mc Donald's sells 1500 burgers per year. The cost to place an order for raw materials is RO 40. The cost of one burger is RO 0.600 and the carrying cost is 20% of the cost. Find the Economic Order Quantity. a. 1000 units b. 2000 units 1500 units Od. 800 units