The quantity of goods and services that can be produced by one worker or by one hour of work is referred to as

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $

To travelers know what to expect researchers collect the prices of commodities

Suppose that a recent celebrity endorsement made more people prefer this brand of cell phone. now, more cell phones are demanded at each price level. the new equilibrium price is where both supply and demand quantities equal $120, 200 or $160, 300