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

Would need in an hoursuppose the marginal social cost of

Would need in an hour. Suppose the marginal social cost of providing health care to a person is given by the equation 20+4Q. An individual's marginal benefit of health care is 300-Q. This individual has an insurance poli ...

1 the big mac index computed by the economist magazine has

1. The Big Mac Index computed by The Economist magazine has consistently found the U.S. dollar to be undervalued against some currencies and overvalued against others. This finding seems to call for a rejection of the pu ...

900-1100 words no plagiarism pleaseread the article how

900-1100 words, no plagiarism please. Read the article How will refugees affect European economies. http://bruegel.org/2015/10/how-will-refugees-affect-european-economies/ Provide responses to the following:  Summarize t ...

Write a research paper about impact of oil industry

Write a research paper about impact of oil industry innovation on canada economy. The paper should be 10 pages (tittle page and references not included), double space.

How are demand deposits treated in m1 as compared to m2a

How are demand deposits treated in M1 as compared to M2? A. They are included in M1 but not M2. B. They are included in M2 but not M1. C. They are included in M1 and M2. D. They are included in neither M1 nor M2.

What is a mixed economywho are karl marx adam smith and

What is a mixed economy Who are Karl Marx, Adam Smith, and John Maynard Keynes? What were their contributions to economics? What are the characteristics of Primitive Communalism, the Slave economy, Feudalism, Socialism, ...

Questionassume canada is a small open economy that imports

Question Assume Canada is a small open economy that imports some of the grapes it consumes. a) Draw a diagram showing the equilibrium under free trade in grapes b) Show the effects of a $1 per kg tariff on imported grape ...

Use the concepts of i substitutes in production versus pure

Use the concepts of (i) substitutes in production versus pure complements in production and of (ii) gross substitutes versus gross complements to assess the likely impact of the rapid decline in the price of computers an ...

Topic comparing reformation theologiansreview the textbook

Topic: Comparing Reformation Theologians Review the textbook readings, presentations, and lectures notes reflecting on the positions of Martin Luther, John Calvin, and Richard Hooker. Construct your answer into the follo ...

National hospital is the only employer of nurses in the

National Hospital is the only employer of nurses in the county of Castoria, and it acts as a profit-maximizing monopsonist in the market for nursing labor. The marginal revenue product for nurses is w = 50 2N, where w is ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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