Problem Solving: Copy the questions and analyze the following demand problem. AnswerEmphasize the answers with a double rule.I.Philippines is one of countries which is considered as large consumer of rice inSoutheast Asia. Rice, being a staple food for Filipinos, is a good subject to a carefulanalysis by economists. Consider the data below and answer the questions.SUPPLY FOR RICERequirements:Price per sack of riceP2550P2000Quantity Supplied (Qs)100200a. Derive the Demand Function.b. Graph the Demand Function.3,000?c. Solve for the level of consumption if price per sack of rice is atd. Solve for the price consumers are willing and able to purchase at 1,000 units?e. What is the law of demand?f.Discuss the relations and differences of demand schedule, demand curve anddemand function.

Answered: Image /qna-images/answer/e28c083a-26a9-4994-aade-f1923f2a65f6.jpg

Answered: I. Philippines is one of countries…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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"A chipboard company has 4 factories, Mazatenango, Retalhuleu, Escuintla and Xela. It has four major distributors of its chipboards, which are distributor 1, distributor 2, distributor 3 and distributor 4: Mazatenango Retalhuleu Escuintla Xela DEMAND D1 10 16 19 12 350 D2 12 10 18 15 300 D3 15 22 10 10 250 D4 20 10 12 20 200 SUPPLY 150 150 350 250 1) Formulate the problem as a transportation problem, solve it with the three methods and find the optimal cost for this problem. methods and find the optimal cost for this transportation problem. (remember to go through all possible routes). IN THIS CASE USE MINIMUM TRANSPORTATION COST - LEAST COST METHOD
In a sales rebate contract, a rebate is paid by supplier for any items sold above certain. Select one: O a Quantity Ob. Price Oc Sales locations Od. Inventory Level The supply chain strategy category would include a decision about Select one: Oa which warchouse will supply the Sur location. Ob when the order should be shipped to the customer from Muscat distribution center. Oc how large the warehouse in Khazayen should be. Od which items in the warehouse will be shipped to Sohar.
1. A local producer of vegetables is deciding how much inventory to have to meet the next week's demand. Vegetable products are perishable with a shelf-life of a week. Based on the historical observations, the company expects the weekly demand to follow a normal distribution with mean 4500 pounds and standard deviation of 400 pounds. The price of the product is $14 per pound in the store, and it costs $6 to produce. If there are any leftovers, the company is required to dispose them safely to avoid any pollution. This process costs $0.5 per pound. Answer the following questions. a) What is the cost of overage per pound? b) What is the cost of underage per pound? c) What is the optimal order quantity?
Please solve very soon completely with all parts
A5 Caculation: A company exports commodity X to Canada, if the total purchase price(including VAT 17%) is RMB 247500, the rate of expense standard is 5%, the rate of export tax rebate is 14%, the total freight is USD245.00, the company insures against all risks for 110% of invoice value, the premium rate is 1.5%, the profit is 10% based on purchase price. Rate of foreign exchange: USD1.00=RMB6.50 what are FOB price, CFR price and CIF price respectively?
The graph at the right shows the market for tiger shrimp. The market is initially in equilibrium at a price of $15 and a quantity of 80. Now suppose producers decide to cut output to 40 in order to raise the price to $18. What is the value of consumer surplus at a price of $18? O A. $240 ○ B. $60 ○ C. $180 ○ D. $120 C Price ($ per pound) 21 25 18 15 Supply 13 Demand 11 40 80 Quantity (pounds)
Please use typing to solve the problem so that it can be seen clearly.
Suppose a farmer is a price taker for soybean sales with cost functions given by the following:TC = 0.197 +29 + 30MC = 0.2q +223. The firm's supply curve is given by? a) q = 5 P-10b)9 = 0.2P+2c)9 = 10P-2d) q = 2P-524. If P = 6, the profit - maximizing level of profits isA)$10 b) $20. c)$30. d) - $10.
Answer the question based on the following supply and demand schedules in units per week for a product. Price Quantity Demanded Quantity Supplied $ 60 100 400 50 140 340 40 180 280 30 220 220 20 260 160 10 300 100 Refer to the above table. If demand increased by 100 units at each price level and the government set a price ceiling of $40, then there would be Multiple Choice a shortage. a surplus. no shortage or surplus. a decrease in supply.
Reference: Chapter 2 Inventory management & Risk Pooling gge an ol Based upon the reference chapter and class discussions, solve the following problem The probabilistic forecast for a textile retail product is given in Table 1. ing Prob (demand) 10 % demand 6.000 15% 8.000 30 % 10.000 12.000 14.000 16.000 25% 15 % 5 % The costs associated with the product are - Fixed order cost is - Unit purchasing cost is $ 50.000 $ 80 The revenues associated with the product are Sales price during season - Discount price after season is $33 $ 120 Questions. 1. Calculate and plot the average profit against purchase quantities (with purchase lot size of 1,000 units) 2. What is the optimal purchasing quantity that maximizes expected profit ? 3. What is the profit value for optimum purchasing quantity ?

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