Business, 01.05.2021 04:20 klafleur18
A fish distributor is trying to perfect his business to maximize the money he saves. Daily fish sales are normally distributed with a mean of 100 and standard deviation of 12. The distributor sells each fish for $1.80 and pays $0.60 to buy each fish. The distributor must get rid of unsold fish by paying a waste removal facility fee of $0.20 per fish. How many fish should the distributor order each day and what % of the time will he experience a stock-out? Are there any drawbacks to the order size proposed and how could the fisherman address such issues?
Answers: 3
Business, 22.06.2019 07:10
Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?
Answers: 1
Business, 22.06.2019 21:30
Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?
Answers: 1
A fish distributor is trying to perfect his business to maximize the money he saves. Daily fish sale...
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