Identify the value of x that gives maximum profit
A company calculates its annual expenses, Y, in the dollars from Y = 0.235X2 + 7X + 4 and annual revenue in dollars from the 0.215X2 + 15X, where X is annual units sold. Identify the value of X that gives maximum profit.
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Success of a company operating and investing in a foreign country depends on the competitive advantage of the company. The entry strategy could be quality based, technology based, or the cost based. Discuss and comment.
In your own terms, discuss the purpose of quality control in production and service operations. Determine control charts and how are they employed in quality control? Determine the two cause of process variation? Discuss each one in your own words
A company is considering two types of water heaters. The associated costs are shown below. The calculated annual cost of operation for oil heaters equals the 365 x 41045/EF x Fuel Cost per Btu.
Birth weights at local hospital have normal distribution with mean of 112 ounces and standard deviation of 16 ounces.
When General Motors offers the $1 billion to new investment (e.g., building new factories, offices, warehouse), who does the saving that is required? Workers? Stockholders? The public? Buyers of cars?
Evaluate the situations of a farmer selling his wheat crop and an auto company executive selling his car "crop." Determine the mayor forces that bear on each, when it comes to pricing output?
What sorts of businesses would be hit by your reduced spending? Would they, in turn, curtail their expenditures? If your income (or your parents') were suddenly reduced to half, by how much would your expenditures fall?
Explain what Smith meant by the "invisible hand." determine the mechanism by which selfish interests are made compatible with-indeed, made the agent for-successful social provisioning?
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