Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below. Acme Manufacturing: TC = 100+30 Generic Industries: TC = 500 + 3Q When each firm is producing the same quantity, Acme's average total cost is

The higher the price, the fewer goods or services consumers will demand. Conversely, the lower the price, the more goods or services they will demand. Select one: True False

Please help me understand the problem Problem Intro: Cold-Chain in health care is defined as a temperature control supply chain involving a system of transporting and storing vaccines and drugs. It consists of three major components: transport and storage equipment, training personnel, and efficient management procedures. The majority of the vaccine in the cold chain is typically maintained at a temperature of 2-8°C. Maintaining cold chain integrity is extremely important for healthcare product manufacturers.   Especially for the vaccines, improper storage, and handling practices that compromise vaccine viability prove a costly, time-consuming affair. Vaccines must be stored properly from manufacture until they are available for use. Any extreme temperatures of heat or cold will reduce vaccines potency; such vaccines, if administered, might not yield effective results or could cause adverse effects. Case Description link : http://bit.ly/2hRAgYE  answer the following questions based on…

The Northridge Company tends to keep the inventory low. At the same time, it is important to respond to demand quickly, since a customer who wants a product K is very likely to get one from a competitor if Northridge Company doesn’t have one available immediately. Northridge Company’s current policy to produce the product K is to produce 100 per week, which is the average demand. Even this is a problem, as the production manager has pointed out, since the equipment is also used for other products and the lot size of 300 would be much more efficient. He said he is currently set up the production for product K for the next week and states that he has capacity available to produce 300 at a time next week.   The following lists the forecasts and actual customer orders for the next 12 weeks.   Week 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 90 120 110 80 85 95 100 110 90 90 100 110 Customer Orders 105 97 93 72 98 72 53 21…