The profit-maximizing quantity is 30 units, and the profit-maximizing price is $70 . Mayor George Bailey, concerned about water consumers, is considering a price ceiling that is 10% below the monopoly price. At this new price, the quantity demanded would be units. At this quantity, the marginal cost would be the price. Therefore, the profit-maximizing Mr. Potter produce this amount. George's Uncle Billy says that a price ceiling is a bad idea because price ceilings cause shortages. True or False: A price ceiling that is 10% below the monopoly price would cause a shortage. True False George's friend Clarence, who is even more concerned about consumers, suggests a price ceiling 50% below the monopoly price. At this price, the quantity demanded would be units, and the quantity supplied would be units. True or False: A price ceiling 50% below the monopoly price would cause a shortage. True False

Needs to schedule the staffing of the center. it is open from 8am until midnight. larry has monitored the usage of the center at various times of the day and determined that the following number of computer consultants are required: time of dayminimum number of consultants required to be on duty8 am-noon4noon-4 pm84pm-8pm108pm-midnight6 two types of computer consultants can be hired: full-time and part-time. the full- time consultants work for eight consecutive hours in any of the shifts: morning (8am- 4pm), afternoon (noon-8pm) and evening (4pm-midnight). full-time consultants are paid $14 per hour. part-time consultants can be hired to work any of the four shifts listed in the table. part-time consultants are paid $12 per hour. an additional requirement is that during every time period, there must be at least two full-time consultants on duty for every part-time consultant on duty. larry would like to determine how many full-time and part-time consultants should work each shift to meet the above requirements at the minimum possible cost. formulate this as an lp problem. you must define your variables clearly

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

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=