Order Size‚ Transportation Costs‚ and Economic Order Quantity Jerome Benedict 604 488 9691 Prepare answers to the following questions prior to class. In class you will be given time to discuss your findings in small groups. Be prepared to present your findings either individually‚ or as a group‚ to the class. This discussion exercise is worth 2.5% of the overall mark for this module. 1. Is it reasonable to think order sizes are infinitely variable? How does this relate to LTL (less-than-truckload)
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Chapter 4: Costs and Cost Minimization Multiple Choice 1. Suppose you are a star basketball player at a major university in your sophomore year. You are sought after by several NBA teams. Which of the following choices best characterizes your opportunity cost if you choose to drop out of college and enter the NBA? a) The value of your college scholarship that you have given up. b) The skills that two more years of playing at your college would have given you along with their additional value
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4. 1) Labor demand is more elastic the greater the elasticity of demand for the output. When the wage rises‚ the marginal cost of production increases. A wage increase‚ therefore‚ raises the industry’s price and reduces consumers’ demand for the product. Because less output is being sold‚ firms cut employment. The greater the reduction is consumer demand‚ the larger the cut in employment and the more elastic the industry’s labor demand curve. Unions want to limit the availability of goods that compete
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following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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SMEs‚ FDI and capital market imperfections Wouter De Maeseneire∗ Erasmus University Rotterdam‚ The Netherlands PO Box 1738 3000 DR Rotterdam The Netherlands Tel: +31 10 408 15 07 Fax: +31 10 408 91 65 email: demaeseneire@few.eur.nl Tine Claeys Vlerick Leuven Gent Management School Reep 1 9000 Ghent Belgium Tel: +32 9 2109773 Fax: +32 9 2109751 Email: tine.claeys@vlerick.be ABSTRACT This paper aims at exploring the problems experienced by SMEs in gaining access to debt and equity finance for FDI
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2 …FREE…Quiz with Answers… One Phoenix helping another… 1. Purely competitive firms increase total revenue by Hint : Total revenue equals price times quantity sold. A purely competitive firm has control over one of these two variables. A. increasing production B. decreasing production C. increasing price D. decreasing price To increase revenue‚ firms look to increase price or quantity‚ as price multiplied by quantity equals total revenue. Purely competitive firms can sell as much as
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-What strategic responses are potentially available to a firm facing competition from manufacturers enjoying a substantial labor cost advantage? Changing a new cost system‚ focusing on customer needs. What issues are relevant in considering moving a manufacturing plant to a low wage location? Direct labor is an important factor‚ which is more relevant on manufacture of a product.
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EXPLORATORY INVESTIGATION THE FIRM SIZE EFFECT * K. C. CHAN Ohio State Universiry‚ Columbw‚ OH 43210‚ USA OF Nai-fu CHEN and David A. HSIEH University of Chicago‚ Chicago‚ IL 60637‚ USA Received August 1983‚ final version received April 1985 We investigate the firm size effect for the period 1958 to 1977 in the framework of a multi-factor pricing model‚ The risk-adjusted difference in returns between the top five percent and the bottom five percent of the NYSE firms is about one to two percent
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Question 1 The primary objective of a for-profit firm is to ___________. Selected Answer: Correct Answer: 5 out of 5 points maximize shareholder value maximize shareholder value Question 2 5 out of 5 points The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers? Selected Answer: Correct Answer: innovation theory of profit innovation theory
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Oligopoly From Wikipedia‚ the free encyclopedia An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Oligopolies can result from various forms of collusion which reduce competition and lead to higher costs for consumers. [1] With few sellers‚ each oligopolist is likely to be aware of the actions of the others. The decisions of one firm therefore influence and are influenced by the decisions of other firms. Strategic planning by oligopolists
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