do fast Question 11 (1 point) ✓ SavedMarket for Hot ChocolatePrice$7.00$6.00$5.00$4.00$3.00$2.00D$1.00$0.00050100150200250QuantityConsider the market for hot chocolate depicted above. If the government imposes aprice ceiling of $5, how many hot chocolates are sold?100501500

Detailed explanation: Key Topic: Price Ceilings in EconomicsA price ceiling is a government-imposed…

Answered: Question 11 (1 point) ✓ Saved Market…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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question 6. Please answer with explanation.
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QUESTION 13 The return to any factor of production that is in variable demand variable supply fixed demand fixed supply is pure rent.
QUESTION 10 You plan to get in a position of short-the-basis by selling cash corn in June basis JUL and buying it in August when the basis is trading against the SEP. Which of the following pre-spread orders would you want to enter to provide you with the most favorable structure for your anticipated short-the-basis position? O Buy JUL / Sell SEP at a 25¢ premium to the JUL Buy JUL/Sell SEP at a 25¢ premium to the SEP Buy SEP / Sell JUL at a 25¢ premium to the SEP O Buy SEP / Sell JUL at a 25¢ premium to the JUL
Question 1 Consider again managing inventory for product 101, provided by Supplier A. Recall thatdemand for 101 is approximately d = 200 units per week. You pay a purchase cost p = $500per unit and value your inventory at r = $550 per unit. You estimate your inventory carry-ing cost rate at r = 18% per year; storing one item of product 101 in your DC requires anequivalent rent (storage cost) of s = $10 per unit per year.Use truckload shipping for your orders of product 101; recall then that your total fixedcost (k + F ) = $900 for any order of size no greater than Q = 700 units. You estimate atotal lead time (order processing plus transit time) of 12 days for these shipments.To reduce your logistics costs, you decide that it might be worthwhile to backorder someof the customer demand you face each cycle. When backordering, you will delay your out-bound shipping of some of your customers’ orders.
* 00 R 品 Miles is considering buying a new pickup truck for his lawn service firm. The economy in town seems to be growing, and he is wondering whether he should opt for a subcompact, compact, or full-size pickup truck. The smaller truck would have better fuel economy, but would sacrifice capacity and some durability. A friend at the Bureau of Economic Research told him that there is a 30% chance of lower gas prices in his area this year, a 20% chance of higher gas prices, and a 50% chance that gas prices will stay roughly unchanged. Based on this information, Miles has developed a decision table that indicates the profit amount he would end up with after a year for each combination of truck and gas prices. States of Nature Lower gas Gas prices Higher gas Alternatives prices unchanged prices Subcompact 000ʻ9 000'6 000ʻ Compact 15,000 Full size 000'6, 000'9 gooʻ'r Probability 0.5 0.2 Which type of truck should Miles select based on Maximin Criterion? MacBook Air 000 000 DD F2 F4 F5 F7…
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Question 1) Suppose we purchase a newspaper for $10 and if we manage to sell it, the sales price is $25. When a sale is made, we also have to pay a commission of $5 to the government. Salvage price is $3. What are the underage and overage costs? If demand follows a Normal distribution with mean=500 and standard deviation= 50, what is the optimal order quantity? What is the expected number of shortages? What is the expected profit? Question 2 Seattle Chemicals is setting up mobile store for one week at a small city fair in a remote area of Washington State, and it is deciding on the quantity of chemical products to stock up for this event. One particular chemical product, code IB-335, is obtained from manufacturer at $100 per bottle and Seattle Chemicals sells it for $450 per bottle to its customers at the event. There is no salvage value for any leftover units of IB-335. Also, because IB-335 has short shelf life and is highly toxic, each unsold bottle must be properly disposed…
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question #3 Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. With a safety stock of 300 boxes, what is the approximate service level (round to two decimals)? Numeric Response 84.13 * f5 10 f6 0 4- ♫+ fg C fil W f12. insert prt sc + 11 Ə ← delete backspace home num lock 4x D end 1:23 PM 11/15/2022 pg up
question #5 Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. Under the current order quantity of 5,000 boxes and current reorder point of 4,200 boxes, what would be the order-up-to level S that the retailer should use as a baseline to calculate how much inventory to order when conducting a periodic review? Numeric Response 1500 f4 ***** LA f5 40 % f6 4- 0 C + & 7 < Prev. 門 fg KAA * 8 5 of 5 DII hp f10 DDI 9 Next fi W f12. insert prt sc + 11 ( ← delete backspace home num lock end 1:24 PM 11/15/2022 pg up
Question 5 Catherine purchased a segregated fund 12 years ago with a 10-year maturity and death benefit guarantee. She has conducted no transactions since then, and when she looks at her annual statement, she realizes that the market value of her fund is higher than the guarantee. She starts checking her annual statements of previous years and realizes for the first time that the market value in the 10th year was below the guarantee to which she was entitled. Is Catherine entitled to the guarantee top-up for the 10th year of the contract? a) Yes, it was automatically deposited in her account b) Yes, but it will be paid only on expiration of the contract c) No, because it's too late to claim d) No, there was no disposition to this effect.

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Question 11 (1 point) ✓ Saved Market for Hot Chocolate Price $7.00 $6.00 $5.00 $4.00 $3.00 $2.00 D $1.00 $0.00 0 50 100 150 200 250 Quantity Consider the market for hot chocolate depicted above. If the government imposes a price ceiling of $5, how many hot chocolates are sold? 100 50 150 0