Emarpy appliance is a company that produces all kinds of major appliances. bud banis, the president of emarpy, is concerned about the production policy for the company's best-selling refrigerator. the annual demand for this has been about 7 comma 750 units each year, and this demand has been constant throughout the year. the production capacity is 200 units per day. each time production starts, it costs the company $110 to move materials into place, reset the assembly line, and clean the equipment. the holding cost of a refrigerator is $51 per year. the current production plan calls for 400 refrigerators to be produced in each production run. assume there are 250 working days per year. 1. what is the daily demand of this product? 2. if the current policy continues, how many refrigerators would be in inventory when production stops? what would the average inventory level be? 3. if bud banis wants to minimize the total annual inventory cost, how many refrigerators should be produced in each production run?

Which investment has the liquidity and can be converted into cash easily?

When the price of pencils increases from $1.50 to $2.50, there is an increase in quantity demanded of pens from 100 to 150. the cross-price elasticity of demand between pencils and pens is: ?

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business. identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats. implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the