James works at an automobile factory. every day he goes to work and inspects the machines at the factory to make sure they are running smoothly. at the end of the every week, james is paid by his boss, bill, for his good work. james takes his paycheck to the bank every friday and deposits most of it, but keeps a little bit of spending money. he then takes his wife, julie, out for dinner, using the leftover money from his paycheck. according to the circular flow of economics, which market is james participating in with his boss, bill?
a. stamp marketb. factor marketc. product marketd. automobile market

142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.