subject
Business, 28.11.2019 20:31 elf55

Identify the appropriate inventory model to obtain the optimal lot size for the given problem description: rick jones is chairman of this year’s walk for diabetes event. each year, the organizers of the event typically have commemorative t-shirts available for purchase by the entrants in the walk. rick needs to order the shirts well in advance of the actual event. based on past walks, the organizers have determined that the demand for tshirts is normally distributed with a mean of 100 and a standard deviation of 10. rick plans to sell the t-shirts for $20 each. he pays his supplier $8 for each shirt and can sell any unsold shirts for rags at $2 each. determine how many t-shirts rick should order to maximize his expected profits.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 16:00
In microeconomics, the point at which supply and demand meet is called the blank price
Answers: 3
question
Business, 22.06.2019 19:00
Which of the following would cause a shift to the right of the supply curve for gasoline? i. a large increase in the price of public transportation. ii. a large decrease in the price of automobiles. iii. a large reduction in the costs of producing gasoline
Answers: 1
question
Business, 22.06.2019 21:30
Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.
Answers: 1
question
Business, 22.06.2019 22:30
Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.
Answers: 1
You know the right answer?
Identify the appropriate inventory model to obtain the optimal lot size for the given problem descri...
Questions
question
Mathematics, 19.11.2020 04:40
question
Biology, 19.11.2020 04:40
question
Mathematics, 19.11.2020 04:40
question
Mathematics, 19.11.2020 04:40
question
Arts, 19.11.2020 04:40
Questions on the website: 13722359