Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

problem1. A stockist of a particular commodity makes a profit of Rs 30 on each sale made within the same week of purchase; otherwise he incurs a loss of Rs 30 on each item. The data on the past sales are given below:                  

No. Of items sold in week      

5

7

8

9

10

11

Frequency  

9

12

24

9

6

0

a) Compute the optimum number of items the stockist should purchase every week in order to maximize the profit.

b) Compute the expected value of perfect information.

problem2. A company uses components at the rate of 500 a month which are bought at the cost of £1.20 each from the supplier.  It costs £ 20 each time to place an order, regardless of the quantity ordered. The total holding cost is made up of the capital cost of 10% per annum of the   value of stock plus 3p per item per annum for insurance plus 6p per item per annum for storage plus 3p per item for deterioration.

If the lead time is zero, determine:

a) The number of components the company should order      

b) The frequency of ordering                 

c) The total annual cost of the inventory

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M96074

Have any Question? 


Related Questions in Macroeconomics

Describe the nature of educational dualism in developing

Describe the nature of educational dualism in developing countries and its implications for the character of growth.  Also, elaborate on how the LDC educational system actually contributes to the reproduction of social i ...

In the united stats a three-pound can of coffee costs 5 if

In the United Stats, a three-pound can of coffee costs $5. If the exchange rate is 0.6 euros per dollar and three-pound can of coffee in Belgium costs t 4 euros. What is the real exchange rate? (please show work)

Assignmentfor this assignment you will research a topic

Assignment For this assignment, you will research a topic related to human rights. Here are some examples that that you can use: - prisoner rights, - death penalty, - poverty, - women's rights, or - LGBT rights. Research ...

When installing utp cable for a horizotnal link it is very

When installing UTP cable for a horizotnal link, it is very important to minimize crosstalk. Explain what crosstalk is, why crosstalk can be a problem, and how it is minimized when terminating UTP cables.

Economicsintroduction250wordsprovide an overview of the

Economics Introduction(250)words Provide an overview of the chosen economy of a country Production output performance analysis(500)words -real gdp , real gdp growth rate, real gdp per capita -define and explain how each ...

Market structures microeconomicsin an eight- to 10-page

Market Structures (Microeconomics) In an eight- to 10-page paper, describe each market structures (perfect competition, monopolistic competition, oligopoly, monopoly), provide a real-life example of each market, and resp ...

The annual property tax in richardson county is 150 for

The annual property tax in Richardson County is $1.50 for each $100 of a property's assessed value. The county clerk wants you to create an application that will display the property tax after he enters the property's as ...

Researching macroeconomicscomplete each of the following

Researching Macroeconomics Complete each of the following economic problems. Problem A Use the national income data in the table below to compute the following: 1. GDP. 2. NDP. 3. NI. National Income Data National Income ...

International political economywrite a 5 page essay 12

International Political Economy Write a 5 page essay (12 point type, Times New Roman, double spaced or the equivalent) on each of the following questions. 1. Provide an overview of the current global agreement surroundin ...

Assume bubba is a risk-averse individual with a concave

Assume Bubba is a risk-averse individual with a concave utility function. He has an 60% chance of being healthy and earning an income of $250,000. He has a 40% chance of being sick and having his income fall to $10,000. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen