Zumba classes sell 20 participant spots at a price of $4.50 each. When the instructor raised the prices to $5.50, 10 people attended the class. From the midpoint method, the price elasticity of demand for Zumba is -0.20. -0.50 -0.20 -3.33. -2.50.
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- We have demand for a product with 1500 units/ month. The vendor offers. quantity discounted method for purchasing as the table below: Order Quantity condition Price (USD) 1+299 10 >300 7 Ordering lead-time is 3 days. Ordering cost 10 $/ order, salary for ordering staff is 3S/ order. Monthly Warehouse renting free is 5%, and interest rate is 7%. Salary for warehousing staff is 300$/month. Please suggest the best ordering policy. IA toy RETAILER is deciding to sell a seasonal toy at the beginning of Q4. The retail price is $28, and the MANUFACTURER's cost is $15. The RETAILER can recycle books for 50% of the retail price, while the MANUFACTURER offers buy-backs of the unsold toys for $10 per toy from the retailer. Toy demand is norm dist. with 1000 toy average and 250 s-dev. If one single company owns BOTH the manufacturer and retailer, what is the order/production quantity for this firm, and what is the profit?The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $8.00 a box. The lettuce is sold for $16.00 a box and the dealer that sells old lettuce is willing to pay $1.80 a box. Past history says that tomorrow's demand for lettuce averages 245 boxes with a standard deviation of 38 boxes. How many boxes of lettuce should the supermarket purchase tomorrow? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Do not round intermediate calculations. Round your answer to the nearest whole number.) Number of boxes
- 7Bradley Solutions and Alexander Limited are two well-established suppliers of inexpensive tools. Weekend Projects is a national chain of retail outlets that caters to the occasional fixer-upper who would prefer to get the job done fast rather than investing in a well-appointed tool box. Weekend Projects wants to find a supplier for a particular tool set that promises to be a big seller. Expected annual sales are 100,000 units (D). Weekend's warehouses operate 50 weeks a year. Management collected data on the two suppliers, which are contained in the table below: Annual Freight Costs Shipping Quantity (Q) Price/Unit Annual Holding Lead Time (L) Annual Supplier Bradley Alexander 50.000 $18,000 $17.000 Cost/Unit (H) $1.43 $1.43 10,000 25,000 (p) $7.15 (wks) Administrative Cost $40,000 $30,000 $26.000 $25.000 $15,000 S7.15 6 $10.000 a. Which of the two suppliers would provide the lowest annual cost to Weekend Projects? What shipping quantity would you suggest? Using and a shipping quantity…Please do not give solution in image format thanku The purchasing department can reduce order quantity and work wtih suppliers to deliver purchases items more frequently. This should lower total inventory. Make option Buy option fixed cost $125,000 Fixed Cost $5,000 Variable Cost $15 Variable Cost $17 Find the break-even quantity and the total cost at the break-even point.