Daniel manufactures garments in a factory in the countryside. He is unable to find a big retailer who can pay him well for his garments. What
would you advise him to do?
OA Consult a wholesaler.
OB.
Consult a broker.
OC. Consult another manufacturer
OD. Consult a distributor.
Answers: 3
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In microeconomics, the point at which supply and demand meet is called the blank price
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Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $
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Daniel manufactures garments in a factory in the countryside. He is unable to find a big retailer wh...
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