A bottling plant fills 2,400 bottles every two hours. The lead time is 20 minutes and a container accommodates 80 bottles. The safety stock is 10 percent of expected demand. How many kanban cards are needed? (Round up your answer to the next whole number.)

8 Kanban cards.

Explanation:

The values given are:

L= 40

C= 120

S= 10, 10/100=0.1

D= Since the average number of units that is demanded is 2400 and then the duration is 2 hours, it is also equivalent to 1200 units in 60 minutes.

D= 1200/60

D= 20

Therefore,

K= DL(1 + S)/C

= 20×40(1+0.10)/120

= 800×1.1/120

= 880/120

=7.333

K= 8( rounded up to the next whole number)

Thus, 8 Kanban cards are needed.

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answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.