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

Why is the marginal revenue for the monopolist downward

Why is the marginal revenue for the monopolist downward sloping?

Discussion - why the rapid developmentwhat do you feel has

Discussion - Why the Rapid Development? What do you feel has accounted for the rapid development of countries like South Korea, China, Brazil, and India? Explain your reasoning.

Question 1how does the difference between private and

QUESTION 1: How does the difference between private and social values explain market failure even with perfect competition and market equilibrium in the case of public goods and externalities? Allow public goods to be ju ...

Discuss structural cyclical frictional and natural

Discuss structural, cyclical, frictional, and natural unemployment. What fiscal and monetary policies are appropriate to fight unemployment? What type of unemployment will be affected most by these policies? Why? Which w ...

Let the exchange rate be defined as the number of dollars

Let the exchange rate be defined as the number of dollars per Japanese yen. Assume that there is a decrease in U.S. interest rates relative to that of Japan. (Part A) Would this event cause the demand for the dollar to i ...

Suppose the north and south are trading cities and have the

Suppose the north and south are trading cities and have the following production of chocolate and coffee: North output per hour is 2 chocolate and 8 coffee. South output per hour 1 chocolate, 1 Coffee. Suppose the north ...

You live in a small town with only one grocery store the

You live in a small town with only one grocery store. The demand curve for food in your town is given by -1/5Q. the grocery store has a total curve given by TC = 50 + 1.25Q A) What is the profit maximizing price and quan ...

Imagine that you have decided to open a small ice cream

Imagine that you have decided to open a small ice cream stand on campus called " Ice-Campusades' . You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and eco ...

Discuss the circumstances under which monetary policy

Discuss the circumstances under which monetary policy iscompletely ineffective.

Assignmentpartidirections read the prompts below

Assignment PARTI Directions: Read the prompts below andformulate a response of at least one half of one page in length for eachquestion. 1. Explain how police investigative techniques apply to terrorists in criminalinves ...

  • 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