Joe's yoga is the only yoga studio in a small town, selling classes at high prices and earning above- average profit. now a new competing yoga studio opens up across the street, offering its own different styles of yoga classes. with the competing yoga studio now open, which of the following statements is true? average cost is now minimized both firms will set mc - ac price is equal to marginal revenue there is deadweight loss in the market

What do economists mean when they use the latin expression ceteris paribus?

On analyzing her company’s goods transport route, simone found that they could reduce transport costs by a quarter if they merged different transport routes. what role (job) does simone play at her company? simone is at her company.

Barbara flynn is in charge of maintaining hospital supplies at general hospital. during the past year, the mean lead time demand for bandage bx-5 was 65 (and was normally distributed). furthermore, the standard deviation for bx-5 was 6. ms. flynn would like to maintain a 90% service level. refer to the standard normal table for z-values. a) what safety stock level do you recommend for bx-5? safety stock=)what is the appropriate reorder point? reorder point=