A candy company developed a new consumer product that is expected to earn $7,000 in profit each year if consumer demand is low, $17,000 per year if consumer demand is moderate, and $34,000 per year if consumer demand is high. The probability of low, moderate, and high demand is 35%, 45%, and 20%, respectively. Determine the expected monetary value (EMV) for the new product.

Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?