A company uses the finite replenishment model to determine the optimal quantity to produce. There are days a year over which demand and production occur. The daily demand is , and the production rate is per day. The setup cost for production is $ per setup. Assuming that the carrying cost is percent of the item's $ cost, what is the length, in days, of a production run if the company produces the replenishment quantity that minimizes its inventory-related costs?

According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.