You are the owner of a factory. You need 5000 lbs. of corn in two week. The
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Question:
1. The market price of the corn on the delivery day is $2.50 per lb. What is your cost per lb. on the delivery day? Why?
2. The market price of the corn on the delivery day is $2.00 per lb. What is your cost per lb. on the delivery day? Why?
Related Book For
Matching Supply with Demand An Introduction to Operations Management
ISBN: 978-0073525204
3rd edition
Authors: Gerard Cachon, Christian Terwiesch
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