Homework Answers
Option (d) is correct
All the given statements are correct
Economic order quantity is the optimum level of quantity that should be purchased to minimize the inventory costs. Inventory costs include costs of holdiing, storage and ordering costs. The effectiveness of economic order quantity can get affected by various factors like unrealiability of supply chains, disruptioncaused by trade disputes and labour union strikes, demand outstripping supply of production materials etc.
Add Answer to:
9. The effectiveness of Economic Order Quantities has been affected by: a. unreliability of supply chains...
As supply chains have become more global, the risk of supply disruptions has: Select one: O...
As supply chains have become more global, the risk of supply disruptions has: Select one: O a. increased because emerging economies lack the business ethics of developed nations. O b. stayed the same because the issues are similar wherever suppliers are located. O c. increased because of financial and exchange rate fluctuations. O d. decreased because there are global standards for labor and safety. O e. decreased because risk is spread among suppliers all over the world.
Economic Evaluation problem 1 The following information has been gathered on the costs and effectiveness of...
Economic Evaluation problem 1 The following information has been gathered on the costs and effectiveness of the two treatments, A and B. In ths prodle, eSts and consequences are not discounted. Treatment A 2% 20 years $10,000 $5,000 Annual follow up costs, all $1,000 Treatment B Mortality rate Life expectancy for survivors Initial treatment cost 5% 10 years $3,000 Follow up costs, year 1 $1,000 $500 subsequent years 31,O00 11000 b. What is the total cost for survivors receiving treatment...
Unfair Trade A global recession has hit and you are the economic advisor to a country...
Unfair Trade A global recession has hit and you are the economic advisor to a country with a struggling economy and rising unemployment. Your country has a long history of trading with different nations, but due to the recession, labor and business groups are becoming ever more rabid in their pleas for the government to strengthen and enforce trade restrictions. The labor groups argue that too many businesses are trying to cut costs by replacing domestic workers with cheaper foreign...
l. The most fundamental economic problem is a) Scarcity b) Security c) Health ) The fact...
l. The most fundamental economic problem is a) Scarcity b) Security c) Health ) The fact that the United States buys more goods from foreigners than we sell to foreigners 2. Scarcity is a situation in which a) People cannot satisfy all their wants. b) Most people can get only bare necessities c) People can satisfy all their wants. 3. Scarcity requires that people must a) Cooperate c)Trade b) Compete d) Make choices 4. Which of the following are considered...
Question 9 0.1 pts A monopsonist has the production function Q=4.1 and faces the following labor supply and product dem...
Question 9 0.1 pts A monopsonist has the production function Q=4.1 and faces the following labor supply and product demand equations respectively. W = 2 + 0.05L P = 10 – 0.025.Q How much labor should the firm hire in order to maximize profits if they mark their price 300% above marginal cost?
Suppose the economy whose PPF is shown on the right experiences economic growth. 1.) Use the...
Suppose the economy whose PPF is shown on the right experiences economic growth. 1.) Use the 3-point curved line drawing tool to show how growth affects the trade-offs the country faces between producing ships and food. 2.) Use the point drawing tool to draw and label a point on the new PPF that shows the economy producing more of both goods. Label this point 'B' Carefully follow the instructions above and only draw the required objects. Which of the following...
Question 1 Which of the following has been defined as an economic resource of production? Money...
Question 1 Which of the following has been defined as an economic resource of production? Money Demand Markets Capital All of the above D Question 2 Which of the following would be a micro economic topic? • Determining what will occur in the market for oranges when there is an early freeze. Determining what will occur to inflation when the government increases taxes, Determining the affects of a war in Iraq on the price of steel. Botha and None of...
Using what you know about supply and demand, what would happen to the equilibrium price and...
Using what you know about supply and demand, what would happen to the equilibrium price and quantity of any domestic goods if you shut the borders to all foreign products? What would happen to the cost of production for businesses if you required them to only hire domestic workers and only use domestic capital? What would happen to the prices consumers faced? What would happen to the demand for your country’s exports in the rest of the world if you...
Course Name: Economics Textbook: Comparing Economic Systems in the Twenty-First Century. Authors: Gregory/Stuart. Edition: 7th Ed....
Course Name: Economics Textbook: Comparing Economic Systems in the Twenty-First Century. Authors: Gregory/Stuart. Edition: 7th Ed. The text defines an economic system as the set of institutional arrangement used to allocate scarce resources the movement of capital between countries. how wealth is distributed and created in a country the natural resource available The high economic growth from the Industrial Revolution was characterized by new opportunities to settle empty areas, particularly North America rapid technological and scientific innovation the expansion of...
As supply chains have become more global, the risk of supply disruptions has: Select one: O a. increased because emerging economies lack the business ethics of developed nations. O b. stayed the same because the issues are similar wherever suppliers are located. O c. increased because of financial and exchange rate fluctuations. O d. decreased because there are global standards for labor and safety. O e. decreased because risk is spread among suppliers all over the world.
Economic Evaluation problem 1 The following information has been gathered on the costs and effectiveness of the two treatments, A and B. In ths prodle, eSts and consequences are not discounted. Treatment A 2% 20 years $10,000 $5,000 Annual follow up costs, all $1,000 Treatment B Mortality rate Life expectancy for survivors Initial treatment cost 5% 10 years $3,000 Follow up costs, year 1 $1,000 $500 subsequent years 31,O00 11000 b. What is the total cost for survivors receiving treatment...
Unfair Trade A global recession has hit and you are the economic advisor to a country with a struggling economy and rising unemployment. Your country has a long history of trading with different nations, but due to the recession, labor and business groups are becoming ever more rabid in their pleas for the government to strengthen and enforce trade restrictions. The labor groups argue that too many businesses are trying to cut costs by replacing domestic workers with cheaper foreign...
l. The most fundamental economic problem is a) Scarcity b) Security c) Health ) The fact that the United States buys more goods from foreigners than we sell to foreigners 2. Scarcity is a situation in which a) People cannot satisfy all their wants. b) Most people can get only bare necessities c) People can satisfy all their wants. 3. Scarcity requires that people must a) Cooperate c)Trade b) Compete d) Make choices 4. Which of the following are considered...
Question 9 0.1 pts A monopsonist has the production function Q=4.1 and faces the following labor supply and product demand equations respectively. W = 2 + 0.05L P = 10 – 0.025.Q How much labor should the firm hire in order to maximize profits if they mark their price 300% above marginal cost?
Suppose the economy whose PPF is shown on the right experiences economic growth. 1.) Use the 3-point curved line drawing tool to show how growth affects the trade-offs the country faces between producing ships and food. 2.) Use the point drawing tool to draw and label a point on the new PPF that shows the economy producing more of both goods. Label this point 'B' Carefully follow the instructions above and only draw the required objects. Which of the following...
Question 1 Which of the following has been defined as an economic resource of production? Money Demand Markets Capital All of the above D Question 2 Which of the following would be a micro economic topic? • Determining what will occur in the market for oranges when there is an early freeze. Determining what will occur to inflation when the government increases taxes, Determining the affects of a war in Iraq on the price of steel. Botha and None of...
Most questions answered within 3 hours.
-
A z-score
communicates a raw score’s "relative standing"
under the normal curve in relation to:
asked 3 minutes ago -
An object is vibrating on a spring with the following equation
of motion:
?=(30 ??)cos((2?)/(160)?)
a)...
asked 3 minutes ago -
Vulcan Flyovers offers scenic overflights of Mount St. Helens,
the volcano in Washington State that explosively...
asked 5 minutes ago -
If organizations do not adapt fast enough and move incrementally
from the twentieth-century model to the...
asked 6 minutes ago -
A helium balloon with 2.5L of gas has a gauge pressure of 10,000
Pa. The balloon...
asked 10 minutes ago -
What is responsible for Jupiter's enormous magnetic field?
asked 26 minutes ago -
At the end of the year, a company offered to buy 5,000 units of
a product...
asked 27 minutes ago -
Implement C++ program for each of the following.
Let D = [-48, -14, -8, 0, 1,...
asked 47 minutes ago -
Consider a labor market in which LD = 400 – 4W and LS = 250 +...
asked 1 hour ago -
Let’s say you are teaching a typically-developing young child
how to eat with a spoon. Describe...
asked 44 minutes ago -
Ask Your Teacher A toy gun uses a spring to project a 5.6-g soft
rubber sphere...
asked 56 minutes ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******
Question - PERSONAL DEVELOPMENT ESSAY and Detailed...
asked 1 hour ago