Question

A grocery store fulfilled 5,842 online orders last week and the total revenue for those online...

A grocery store fulfilled 5,842 online orders last week and the total revenue for those online orders was $384,500.61. At that time, the revenue for online orders was increasing by $3,760.68 per week and the store was increasing its number of fulfilled orders by 51 orders per week. At what rate was the average revenue per online order increasing last week? It was increasing by $0.07 per order per week. It was increasing by $7.92 per order per week. It was increasing by $0.16 per order per week. It was increasing by $139.56 per order per week. It was increasing by $65.75 per order per week. It was increasing by $0.20 per order per week.

At what rate was the average revenue per online order increasing last week?

It was increasing by $0.07 per order per week.

It was increasing by $7.92 per order per week.

It was increasing by $0.16 per order per week.

It was increasing by $139.56 per order per week.

It was increasing by $65.75 per order per week.

It was increasing by $0.20 per order per week.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
In an earlier week, an online music store sold 1000 albums at a price $10 per...
In an earlier week, an online music store sold 1000 albums at a price $10 per album. When price was lowered to $7, the number of albums sold rose to 1500 albums per week. a. What is the linear demand function? b. What is the demand if price is raised to $12 per album? c. What is the revenue when price is $12 per album?
An online clothing retailer sells men’s white undershirts. In each week, the demand for these undershirts...
An online clothing retailer sells men’s white undershirts. In each week, the demand for these undershirts has a normal distribution with mean 2,500 and standard deviation 600. At the end of each week, the retailer observes its inventory position and decides whether or not to place an order, and if so, for how many units (so this is a periodic review system). When the retailer orders more shirts from its supplier, it receives them after a lead time of 3...
The Crandall store begins each week with 360 phasers in stock. This stock is depleted each...
The Crandall store begins each week with 360 phasers in stock. This stock is depleted each week and reordered. The carrying cost per phaser is $31 per year and the fixed order cost is $69. What is the current total carrying cost? (Omit $ sign in your response.) Carrying costs           $ What is the current restocking cost? (Omit $ sign in your response.) Restocking costs           $ What is the economic order quantity? (Round the answer to the nearest...
A grocery store is trying to predict how many packages of toilet paper rolls will be...
A grocery store is trying to predict how many packages of toilet paper rolls will be purchased over the next week. They know from their records that each customer has a 60% chance of buying 0 packages, a 30% chance of buying 1 package, an 8% chance of buying 2, and a 2% chance of buying 25. They expect about 150 customers per day. a. What is the expected number of packages sold in one day? b. What is the...
A grocery store is trying to predict how many packages of toilet paper rolls will be...
A grocery store is trying to predict how many packages of toilet paper rolls will be purchased over the next week. They know from their records that each customer has a 60% chance of buying 0 packages, a 30% chance of buying 1 package, an 8% chance of buying 2, and a 2% chance of buying 25. They expect about 150 customers per day. (a) What is the expected number of packages sold in one day? (b) What is the...
A customer plans to checkout at a grocery store but finds all 5 cashiers busy serving...
A customer plans to checkout at a grocery store but finds all 5 cashiers busy serving other customers. There are no other customers when this person arrives, and they will be served as soon as someone finishes. All customer arrival and service times are independent and exponentially distributed. a) What is the probability that this customer will not be the last customer to depart? b) If the average service time per cashier is 4 minutes, what is the average time...
A customer plans to checkout at a grocery store but finds all 5 cashiers busy serving...
A customer plans to checkout at a grocery store but finds all 5 cashiers busy serving other customers. There are no other customers when this person arrives, and they will be served as soon as someone finishes. All customer arrival and service times are independent and exponentially distributed. a) What is the probability that this customer will not be the last customer to depart? b) If the average service time per cashier is 4 minutes, what is the average time...
Amber and Brad own and operate a small grocery store in their town. The store is...
Amber and Brad own and operate a small grocery store in their town. The store is open for business every day from 7:00 a.m. to 6:00 p.m. They are thinking of opening the store for business an extra hour per day, from 6:00 p.m. to 7:00 p.m. Is this a wise economic decision? Please help this lovely couple with their economic decision. Assume that each month has 30 days. Calculate the marginal costs and benefits for the entire month. Here...
Saltycustoms T-shirt is an online retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer....
Saltycustoms T-shirt is an online retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer. The company will order t-shirts 12 times over the next year. The company receives the same number of t-shirts each time it orders. The carrying cost is RM0.10 per shirt per year. What is the annual carrying cost of the t-shirt inventory (rounded to the nearest Ringgit Malaysia)? Select one: a. RM10,000 b. RM834 c. RM417 d. RM5,000
A​ monopolist's maximized rate of economic profits is ​$200 per week. Its weekly output is 200...
A​ monopolist's maximized rate of economic profits is ​$200 per week. Its weekly output is 200 ​units, and at this output​ rate, the​ firm's marginal cost is $39 per unit. The price at which it sells each unit is ​$51 per unit. At these profit and output​ rates, the​ firm's average total cost is $___(Enter your response as a whole​ number.) At these profit and output​ rates, the​ firm's marginal revenue is $___(Enter your response as a whole​ number.)