A manufacturer of industrial sales has production capacity of 1,000 units per day. Currently, the firm sells production capacity for $10 per unit. At this price, all production capacity gets booked about one week in advance. A group of customers have said that they would be willing to pay $15 per unit if capacity was available on the last day. About ten days in advance, demand for the high-price segment is normally distributed with a mean of 250 and a standard deviation of 100. How much production capacity should the manufacturer reserve for the last day
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A manufacturer of industrial sales has production capacity of 1,000 units per day. Currently, the firm sells production capacity for $10 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
All are examples of independent regulatory agencies except:
Answers (1)
Negative net exports mean
Answers (1)
In modern-day society, the exchange process is primarily based on which of the following? the bartering system the honor system the monetary system the gold standard
Answers (2)
Research Hershey's organizational chart and organizational structure. Type a one page paper describing Hershey's organizational structure and how it benefits, or detracts from, Hershey's strategic plans.
Answers (1)
The president and founder of a high-tech start-up firm contacted the vice president of HR at the company because she wanted to better understand federal employment laws and their implications for hiring at the firm.
Answers (2)
New Questions in Business
Nichols Corporation's value of operations is equal to $600 million after a recapitalization (the firm had no debt before the recap). It raised $150 million in new debt and used this to buy back stock.
Answers (1)
A decedent owned 300 shares of closely held xyz stock jointly with her brother. this property must be reported on
Answers (1)
What is the document that the marketing researcher pledges to deliver as a result of the marketing research process?
Answers (1)
10.3. Gadgets are produced and sold in a competitive market. When there is no tax, the equilibrium price is $20 per gadget. The own-price elasticity of demand for gadgets is 0.5.
Answers (1)
The specific identification inventory method should be used when the inventory consists of identical, low-cost units that are purchased and sold frequently. True False
Answers (1)