Sill corporation makes one product. budgeted unit sales for january, february, march, and april are 9,900, 11,400, 11,900, and 13,400 units, respectively. the ending finished goods inventory equals 20% of the following month's sales. the ending raw materials inventory equals 40% of the following month’s raw materials production needs. each unit of finished goods requires 5 pounds of raw materials. if 61,000 pounds of raw materials are required for production in march, then the budgeted raw material purchases for february is closest to:

According to this excerpt, a key part of our national security strategy is

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.

3. saving two consumers, larry and jeff, have utility functions defined over the two periods of their lives: middle age (period zero) and retirement (period 1). they have the same income in period 0 of m dollars and they will not earn income in period 1. the interest rate they face is r. larry’s and jeff’s utility functions are as follow. = 0.5 + 0.5 and = 0.5 + 0.5 for each person is between zero and one and represents each consumer’s temporal discount econ 340: intermediate microeconomics. ben van kammen: purdue university. rate. a. write the budget constraint that applies to both jeff and larry in terms of consumption in each period and ), interest rate, and m. b. what is larry’s and what is jeff’s marginal rate of intertemporal substitution? c. what is the slope of the budget constraint? d. write each consumer’s condition for lifetime utility maximization. e. re-arrange the conditions from part (d) to solve for the ratio, . f. if > which consumer will save more of his middle age income? g. if > 1 1+ , in which period will larry consume more: = 0 or = 1?