Quick Print Inc. uses plain and three-hole punched paper for copying needs. Demand for eachpaper type is highly variable. Weekly demand for the plain paper is estimated to be normallydistributed with mean 100 and standard deviation 65 (measured in boxes). Each week, areplenishment order is placed to the paper factory and the order arrives five weeks later. Allcopying orders that cannot be satisfied immediately due to lack of paper are back-ordered. Theinventory holding cost is about$1 per box per year. Quick Print estimates that the backorderpenalty cost is $20 per box. Assume that there are 4.33 weeks per month. Required:
What is Quick Print’s optimal target inventory position for plain paper if Quick Print operates with a 99 percent in-stock probability?

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

The food services division of cedar river amusement park inc. is studying the amount families who visit the amusement park spend per day on food and drink. a sample of 40 families who visited the park yesterday revealed they spent the following amounts: see worksheet 1 for data and answer the following questions: a. organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. what class interval did you select? b. what percent of families spent less than $45? c. what percent of families spent $55 or more? d. how many families spent from $65 to 74.99?