Each week a garment factory makes one production run of their popular tie-dyed cheesecloth undershirts. The size of the run is either 10,000, 20,000, 40,000 or 70,000 undershirts, based on field sale reports of projected demand. Although demand fluctuates considerably, the long-term market for the undershirts has held up well for many months. The probability distribution based on the factory experience is: ???? 10000 0.30 20000 0.40 40000 0.20 70000 0.10 a) What is the expected number of undershirts produced in a week? b) If the profit on each undershirt is $2.25, what is the expected weekly profit? c) To hold their market at a constant level, the factory must add sequins to the undershirts. This will cost an additional $10,000 per run, for any size of run. What is the expected profit if they make this change and the market demand remains the same?
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Answer to 12 Each week a garment factory makes one production run of their popular tie-dyed cheesecloth under- shirts. ... The Size Of The Run Is Either 10,000, 20,000, 40,000 Or 70,000 Undershirts, Based On Field Sal Reports Of Projected Demand. Although Demand Fluctuates Considerably, The Long-term Mar The ...meone else ... Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and ... He runs his business from his converted garage apartment, which he could rent out ... Which of the following costs is an explicit cost for you? ... diseconomies of scale.
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