Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides at the parks. Eight Flags needs 30,000 gallons​ (D) of oil​annually; the parks operate 50 weeks a year. Management is unsatisfied with the current supplier of oil and has obtained two bids from other suppliers. The data are contained in the following table. Annual Freight Costs
Shipping Quantity​ (Q)
Supplier
​5,000
​10,000
​15,000
​Price/Unit (p)
Annual Holding​ Cost/Unit (H)
Lead Time​ (L) (wks)
Annual Administrative Cost
Sharps
​$5,000
​$3,600
​$3,300
​$3.70
​$0.74
5
$5,000
Winkler
​$5,600
​$4,100
​$3,600
​$3.90
​$0.78
3
​$4,000
Which supplier and which shipping quantity will provide the lowest costs for Eight​ Flags?
Using and a shipping quantity of is the lowest cost​ alternative, with annual total costs to Eight Flags of $ .

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading