Steve’s lumber company on the missouri river features a large selection of materials for flooring, decks, moldings, windows, siding and roofing. it is a small family business that is looking to expand. the prices of lumber and other building materials are constantly changing. when a customer inquires about the price on pre-finished wood flooring, sales representatives consult a manual price sheet and then call the supplier for the most recent price. the supplier in turn uses a manual price sheet, which has been updated each day. often the supplier must call back steve’s reps because the company does not have the newest pricing information immediately on hand. steve has hired you to assess the business impact of the situation and see what can be done for them to make this process more efficient. complete the following: 1. business process. a. list at least 3 problems with the current process. (9 pts) b. explain the impact of the existing process on operational efficiency. (5 pts)

The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. some students suggest that the price increased because the price of beef, an important ingredient for making cheeseburgers, has increased. other students attribute the increase in the price of cheeseburgers to a recent increase in college student enrollment.1. the first group of students thinks the increase in the price of cheeseburgers is due to the fact that the price of beef, an important ingredient for making cheeseburgers, has increased. (what happened to demand and supply, shift to the right or left)2. the second group of students attributes the increase in the price of cheeseburgers to the increase in college student enrollment. (what happens to demand and supply, shift to the right or left)3. suppose that both of the events you analyzed above are partly responsible for the increase in the price of cheeseburgers. based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of cheeseburgers? (choose a, b,c, or d)a)if the price increase was small, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.b)if the equilibrium quantity of cheeseburgers decreases, then the demand shift in the market for cheeseburgers must have been larger than the supply shift.c)if the equilibrium quantity of cheeseburgers decreases, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.d)whichever change occurred first must have been the primary cause of the change in the price of cheeseburgers.

Which of the following best describes why you need to establish goals for your program?

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk