The bullwhip effect O Distorts demand upstream in the supply chain due to variance in orders Causes significantly less inventory to be held upstream exists when an upstream component is not available O All of these
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- The elasticity of resource demand is calculated as: % Chage in resource quantjty/% Change in resource price If a calculation of Resource Demand Elasticity returns a quotient that is less than 1, then O Resource demand elasticity is relatively elastic, indicating there is a lack of resource substitutability O Resource demand elasticity is relatively elastic, indicating there is an ease of resource substitutability Resource demand elasticity is relatively inelastic, indicating there is a lack of resource substitutability Resource demand elasticity is relatively inelastic, indicating there is an ease of resource substitutabilityDiscuss the recent Singapore government property market cooling measures and analysetheir effectiveness in the short run. Illustrate your answers with demand and supply diagrams. Why did they work or did not work to moderate prices in the new and resale market?Problem 6Cannes Croissants (not a real company) wishes to determine the optimum production quantity for its topselling product, almond croissants. The annual demandfor almond croissants is 12,000 units. The setup costs fora production run of the croissants is US$15. The holdingcost per unit per year is US$0.50. Production is mostefficient when 80 croissants are produced per day. Thecompany operates 300 days during a year.a What is the economic production quantity (EPQ)?b How many production runs will there by per year?c What is the maximum inventory level?d What is the total annual cost (in US dollars)?e What is the length of a production run in days?
- Can you help with parts c,d, and e please? The estimated daily demand for river corssings on a proposed new bridge is: Qd = 100,000 - 20,000P where Qd is the quantity demanded measured in number of daily crossings and P is the price(toll) per crossing in dollars. Engineers estimate that constructing the new bridge will result in a fixed cost of $1.2 billion or $120,000 per day over the life of the bridge. Once constructed, there are no marginal costs and variable costs associated with the bridge's use. Based upon the above information, answer the following questions: a. If a private company were to build the bridge, what would be the profit-maximizing number of daily crossings? b. What price per crossing(toll) would the profit-maximizing company establish? c. What would be the socially optimal number of daily crossings? d. What deadweight loss would exist given your answers to part (a) and (b)? e. Would a profit-maximizing company build the bridge?Term used to describe demand that can be accuratelycalculated to meet the need of a production schedule,for example.State the processes performed when demand is predicted to be greater than supply.
- Qd= 25000-2p Qs= 10000-1p Calculate the market equlibrium level of price and quantity for housing unit? Calculate price elasticity of demand using point elasticity method when industry is in equlibrium and interpret the result?Give the area that represents the following Total CostTotal Variable CostTotal Fixed CostTotal RevenueProft/Loss AreaQd= 25000-2p Qs= 10000-1p Calculate the market equlibrium level of price and quantity for housing unit? Calculate price elasticity of demand using point elasticity method when industry is in equlibrium?
- 1) A manufacturer of kitche. Appliances is preparing to set the price on a new blender. Demand is thought to depend on the proce qnd is represented by the following model. D= 2,800-4p The accounting department estimates that the total cost can be represented by the following model. C=4,700+5D Develop a mathematical model for the total profit of TP in terms of the price, P. A mathematical mod for the total profit in terms of the price P is TP= ______Inelastic supply drives freight rates up. Explain. Discuss how supply and demand for shipping tonnage affect freight rates in the shipping industry. Justify the inelastic demand nature for shipping by sea.a) The weekly demand for Pulsar 25 colour LED Felenrion is p>600 -0.05x, (osxs12,000), where p denotes the wholesale unit price in dollars and x total cost denotes the quantity demanded. The weedly fonction arrociated with manufacturing the Pulsar 25 is 3-0.03x*+400x +80,000 given by x , where ca) denotes the total Cost incurred in producing I setr . ) Find the revenue function R and profit function P. CO) - 6.0000020