10:02A docs.google.comSuppose that the demand for a product is8000 unit per year, order cost is 500 $ andthe inventory holding cost is 12 $ per itemper year. Assuming shortages are notallowed, and determine the economic orderquality ( Q) *755816618Output 7040 unit, 1.1 $ each and input labor1000$, material 520$, overhead 200$.Productivity = ? *2.2 $Not of above2.2 unit per $2.2 unitAn activity has an optimistic time of 15 days,a most likely time of 18 days, and apessimistic time of 27 days, what is itsexpected time? *O O 10:03A docs.google.comAn activity has an optimistic time of 15 days,a most likely time of 18 days, and apessimistic time of 27 days, what is itsexpected time? *60192018The demand for an item is 200$ per year.The order cost is 10 $ and inventory holdingcost is 2.5 per item per year. If theshortages cost is 4$ per item per year.EOQ=50.99 Maximum inventory 31.37 Theannual cost = 54.21Not of above.EOQ=5.99 Maximum inventory = 3.37 Theannual cost = 5.21EOQ=75.99 Maximum inventory 63.37 Theannual cost = 20.21To calculate Tf for the activity where ES = 3,EF = 7, LS = 10 and LF = 14: *4

EOQ: It means the order quantity that minimizes the total holding costs and ordering costs.

Suppose that the demand for a product is 8000 unit per year, order cost is 500 $ and the inventory holding cost is 12 $ per item per year. Assuming shortages are not allowed, and determine the economic order quality ( Q) *

Suppose that the demand for a product is 8000 unit per year, order cost is 500 $ and the inventory holding cost is 12 $ per item per year. Assuming shortages are not allowed, and determine the economic order quality ( Q) *

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: The demand function of the company that make hard disk is given by P = D(Q) = 78 – 4Q where P is the…

A: P=78-4Q ‐------- demand equation P = 13 +Q --------- supply equation --------- At equilibrium,…

Q: The demand function of "İsot Capsicum Biber Komandit Şirketi" of Ceylanpınar is: p = 1000 e 2 q…

Q: Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is…

A: The fixed cost is given as $40800The variable cost per unit is The selling price of the product is

Q: The cost function for flavored coffee at an upscale coffeehouse is given in dollars by C(x) = 3x +…

A: The break-even point is the sum of earnings required to fund a business's cumulative fixed and…

Q: A company's unit costs based on 500,000 units are: Variable costs $32 Fixed costs 20 The normal unit…

A: In microeconomics theory, the opportunity cost of a particular activity is the value or benefit…

Q: A company has established that the relationship between the sales price for one of its products and…

A: Profit maximizing level of output for a firm is at the point where marginal revenue (MR) equals…

Q: Company X has monthly fixed costs of $150,000 and a unit variable cost of $50. How many units do…

A: The breakeven point in units shows the level of production or sales at which a business's total…

Q: The demand function for a manufacturer's product is D = 80 -3p , where D is the number of units and…

A: Given - D = 80 - 3p Where, D - Quantity (number of units) p - price To Calculate maximum…

Q: The demand function for a manufacturer's product is D = 91 - 9p , where D is the number of units and…

A: Total revenue is the product of price and quantity. Marginal revenue is the revenue generated from…

Q: arget Profit Trailblazer Company sells a product for $265 per unit. The variable cost is $120 per…

A: The break-even point is the point at which total cost and total revenue are equal, meaning there is…

Q: A company produces and sells hair dryers in a market where price (p) and demand (D) are related…

A: The breakeven point of production is the quantity of output at which the producing firm earns no net…

Q: The revenue for a product is R(x) = −0.004x^2 + 21x − 6200 and the cost is C(x) = 0.02x + 38, for x…

A: Profit maximization is one of the key goals of firms operating in a market. Profit is the difference…

Q: Calculate the price per unit if it is given that Total revenue is $840 and the total output is 32…

A: According to the above-mentioned question, we are given that:- Total revenue = $840 Output = 32…

Q: US Auto Company would like to offer rebates to its customers in order to increase sales. If it…

A: Calculation of present total fixed costs (TFC), average variable costs (AVC), and average fixed…

Q: A call center in India used by U.S. and U.K. credit card holders has a capacity of 1,500,000 calls…

A: Breakeven quantity of call will occur when Total revenue = Total cost

Q: given p(q)=176-9Q and c(p)=5Q+19 find the profit max quantity

A: Answer to the question is as follows:

Q: Engineering increases the miles per gallon of gas rating (Mg) by 10 miles per gallon. The manager of…

A: Since, As the coefficient of Mg(Miles per gallon) is 10 which means with 1Mg per gallon of gas…

Q: For April 2021, the actual cost per ASM (available seat mile) for Southwest Airlines was…

A: For Profit maximization, a firm operates at an output level where Marginal Cost is equal to Marginal…

Q: An oil-producing country estimates that the demand for oil (in millions of barrels per day) is D(p)…

A: Price elasticity of demand measures the magnitude of change in the quantity demanded for a good due…

Q: ABC Co. manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for…

A: Economic Order Quantity (EOQ) benefits entities that control their inventory competently. It is a…

Q: The demand function for a manufacturer's product is D = 80 - 3p, where D is the number of units and…

A: Total revenue is defined as the average sales price times the number of units sold.

Q: Find total revenue if price per unit is $300 and the output is 19 units

A: The given information is as follows:- Price per unit = $300 Output sold = 19 Units Total revenue…

Q: A company estimates that the relationship between unit price and demand per month for a new product…

A: Given, p=$100-$0.10DFixed cost = $15,972 per monthvariable cost = $ 45 per unit

Q: A company has established that the relationship between the sales price for one of its products and…

A: The profit maximisation condition for a firm is to equate the marginal revenue and marginal cost…

Q: The demand function for a product marketed by a company is p = (80-D) / 4, where Dis the number of…

A: Answer- Need to find- Value of for which revenue is max. Given in the question- P = (80-D)/4 4P +D =…

Q: The revenue and cost functions for a particular product are given below. The cost and revenue are…

A: Given values; R(x) = −0.2x2 + 172x C(x) = 78x + 10065

Q: A manufacturer of a new patented product has found that he can sell 70 units a week to the customer…

A: 3120 is the total revenue-40*78=3120.

Q: FG Manufacturers wants to determine the effectiveness of their pricing decisions for their product…

A: Here, FG Manufacturer wants to determine the effectiveness of their pricing decisions for their…

Q: e) 14- From the following comparisons of mutually exclusive alternatives, decide which one should be…

A: Given information There are 4 projects given A,B,C and D MARR=11% Project IRR A 14.1 B 11.7…

Q: The manager of a dessert cafe wants to determine the necessary volume of sales dollars next month to…

A: There are three categories of goods - Desserts , Liquor & Coffee Following are production and…

Q: A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are…

A: Given: Variable costs=$20 Fixed costs=$10875 P = -0.25D + 250

Q: A shoe company manufactures and sells a pair of shoes with the following cost and revenue data:…

A: here we calculate the quantity would the company have to sell to have a profit of AED 1,50,000 by…

Q: Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given…

A: Annual demand (D) = 26,000 dozen The cost per order placed (O) = P30 Carrying costs (H) = 20% OF…

Q: Calculate the optimal markup on cost for each service, based on the following estimates of point…

A: When there is low price elasticity of demand, the optimal markup cost is high. There is an inverse…

Q: A company has established that the relationship between the sales price for one of its products and…

A: Given the cost and the prices, the breakeven level of quantity would be determined.

Q: Problem One: The fixed cost for a company is 1200 OMR and the variable cost is 2 OMR per 100 unit.…

A: Given Fixed cost = 1200. Variable cost = 2 per unit. Demand function: p = 100/√x. The company…

Q: of $8 per unit. Sales history indicates that the sales price in dollars, P, varies with the demand,…

A: here we determine the optimum demand and the maximum profit by following method given below;

Q: pheep and the quantity x sold of a certain product obey the demand equation below. x= -8p+176,…

A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Question

10:02
A docs.google.com
Suppose that the demand for a product is
8000 unit per year, order cost is 500 $ and
the inventory holding cost is 12 $ per item
per year. Assuming shortages are not
allowed, and determine the economic order
quality ( Q) *
755
816
618
Output 7040 unit, 1.1 $ each and input labor
1000$, material 520$, overhead 200$.
Productivity = ? *
2.2 $
Not of above
2.2 unit per $
2.2 unit
An activity has an optimistic time of 15 days,
a most likely time of 18 days, and a
pessimistic time of 27 days, what is its
expected time? *
O O

10:03
A docs.google.com
An activity has an optimistic time of 15 days,
a most likely time of 18 days, and a
pessimistic time of 27 days, what is its
expected time? *
60
19
20
18
The demand for an item is 200$ per year.
The order cost is 10 $ and inventory holding
cost is 2.5 per item per year. If the
shortages cost is 4$ per item per year.
EOQ=50.99 Maximum inventory 31.37 The
annual cost = 54.21
Not of above.
EOQ=5.99 Maximum inventory = 3.37 The
annual cost = 5.21
EOQ=75.99 Maximum inventory 63.37 The
annual cost = 20.21
To calculate Tf for the activity where ES = 3,
EF = 7, LS = 10 and LF = 14: *
4

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

A manufacturer has been selling 1000 television sets a week at $400 each. A market survey indicates that for each $10 rebate offered to the buyer, the number of sets sold will increase by 100 per week. Round your answers to the nearest dollar. (a) Find the demand function (price as a function of units sold). p(x) = (b) How large a rebate should the company offer the buyer in order to maximize its revenue? $ (c) If the company experiences a cost of C(x) = 77,000+ 130x, how should the manufacturer set the size of the rebate in order to maximize its profit? $
Given Cost and Price (demand) functions C(q) = 110q + 45000 and p(q) = - 2.8q + 800, what profit can be earned if the price is set to be $550 per item? U The profit is $ 1,?9 (Round to the nearest cent.) A company produces a special new type of TV. The company has fixed costs of $499,000, and it costs STT00 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 850 TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2000. Assumo a linear demand. What is the marginal profit if 200 TVs are produced It is $ 0 per item. (Round answer to nearest dollar.)
A certain company has a selling price of for their product of 1500-3/4x dollars per unit and fixed costs of $800 and variable costs of 1/4x+1210 dollars per unit, where x is the total number of units produced. A.) FInd the Break even point? B.) When will the company make profit? C.) What is the make profit and the corresponding production level?
Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the marginal revenue for a product is MR = 1800 and the marginal cost is MC = 90Vx + 4, with a fixed cost of $600. (a) Find the profit or loss from the production and sale of 5 units. There is a -Select-- | of $ (b) How many units will result in a maximum profit? units
Kk.299.
The total cost and the total revenue (in dollars) for the production and sale of x ski jackets are given by C(x)=26x +18,625 and R(x)-200x-0.2x² for 0≤x≤ 1000. (A) Find the value of x where the graph of R(x) has a horizontal tangent line (B) Find the profit function P(x). (C) Find the value of x where the graph of P(x) has a horizontal tangent line. (D) Graph C(x), R(x), and P(x) on the same coordinate system for 0sxs 1000. Find the break-even points. Find the x-intercepts of the graph of P(x) (A) R(x) has a horizontal tangent line at x =
Consider a firm with the market demand function for its product given by: p =1000 – 2Q; and total cost of production given by: TC = Q3 – 59Q2 + 1315Q + 2000. (a) Obtain the firm’s Total Revenue function. (b) Find the amount of Total Revenue when the firm sells 30 units of output. (c) Obtain the firm’s Profit function. (d) Find the amount of Total Profit when the firm sells 30 units of output.
Problem One: The fixed cost for a company is 1200 OMR and the variable cost is 2 OMR per 100 unit. If demand function is given by p I. Determine the quantity that the company must sell to cover the fixed costs.
A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price=160−0.02×Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing)=$47,000 and the variable cost per unit=$40. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 4,000 units per year. The maximum profit that can be achieved is $? (Round to the nearest dollar.) The unit price at the point of optimal demand is $? per unit.