The local office of tourism sells souvenir calendars. sue, the head of the office, needs to order these calendars in advance of the main tourist season. based on past seasons, sue has determined the probability of selling different quantities of the calendars for a particular tourist season.

quantity probability

75k 0.15

80k 0.25

85k 0.3

90k 0.2

95k 0.1

the office of tourism sells the calendars for $12.95 each. the calendars cost sue $5 each. the salvage value is estimated to be $0.50 per unsold calendar. determine how many calendars sue should order to maximize expected profits.

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.