Write a function called price_of_rocks. It has no parameters. In a while loop, get a rock type and a weight from the user. Keep a running total of the price for all requested rocks. Repeat until the user wants to quit. Quartz crystals cost $23 per pound. Garnets cost $160 per pound. Meteorite costs $15.50 per gram. Assume the user enters weights in the units as above. Return the total price of all of the material. Using Python

For this discussion, you should first write pseudocode for how you would solve this problem

Please write the Pseudocode for this problem.

Demand /yearly = 12,000, S = $16, and H =10% of the Price

Offer. Discount Quantity, Discount (%), Discount Price (P)

1. 1 to 999, no discount, $5.00

2. 1,000 to 1,999, 4%, $4.80

3. 2,000 and over, 5%, $4.75

(a) Evaluate the number of computers that the store manager should order in each replacement lot.

(b) Maximum Inventory

(c) Average Inventory

(d) The total annual number of order cycles

(e) Length of the order cycle

(f) Average flow time

(g) Annual inventory-related cost (Yearly total cost)

FIFO and LIFO

Costs Under Perpetual Inventory System

The following units of an item were available for sale during the year:

Beginning inventory 47 units at $44

Sale 20 units at $68

First purchase 17 units at $47

Sale 33 units at $69

Second purchase 15 units at $48

Sale 7 units at $70

The firm uses the perpetual inventory system, and there are 19 units of the item on hand at the end of the year.

a. What is the total cost of the ending inventory according to FIFO?

b. What is the total cost of the ending inventory according to LIFO?

• ABC Corp. The company has fixed costs of $300,000. Total costs, both fixed and variable, are $378,000 when 40,000 units are produced. How much is the variable cost per unit? (Please round to the nearest cent.)

• The following information pertains to the ABC Corporation:

• How many units need to be sold in order to reach the target profit? (Round your final calculation to the nearest unit.)

FIFO and LIFO Costs Under Perpetual Inventory System

The following units of an item were available for sale during the year:

The firm uses the perpetual inventory system, and there are 51 units of the item on hand at the end of the year.

a. What is the total cost of the ending inventory according to FIFO?

b. What is the total cost of the ending inventory according to LIFO?

Suppose that the market demand for expensive steak dinners is given​ by:

Q = 1,000−10P​,

so that the marginal revenue​ is:

MR = 100−0.2Q​,

where Q is the number of steak dinners per day and P is the price of a dinner. The marginal cost and average total cost are both constant and equal to ​$40 per dinner.

Suppose that there is only one firm in the market.

Suppose that a second firm that produces identical steaks and has identical costs enters the market and acts according to the Cournot oligopoly model.

The equilibrium price is?

The total equilibrium quantity is how many dinners?

Each​ firm's economic profit is?

Suppose a given market is served by a monopoly with constant marginal cost, c. We know that 1st degree price discrimination increases total surplus compared to the outcome where the monopoly charges a single price, pm. One of the criticisms of this result is that price discrimination can be costly to the monopoly, e.g., because it must gather information on willingness-to-pay. Suppose the marginal cost with price discrimination rises to c' > c. Explain with words and a diagram whether total surplus is still higher with 1st degree price discrimination than a single price. What areas on your diagram must be compared?

FIFO and LIFO Costs Under Perpetual Inventory System

The following units of an item were available for sale during the year:

The firm uses the perpetual inventory system, and there are 14 units of the item on hand at the end of the year.

a. What is the total cost of the ending inventory according to FIFO?
$

b. What is the total cost of the ending inventory according to LIFO?
$

The records of Alaska Company provide the following information for the year ended December 31. At Cost At Retail January 1 beginning inventory $ 469,010 $ 928,950 Cost of goods purchased 3,376,050 6,381,050 Sales 5,595,800 Sales returns 42,800 Required 1.Use the retail inventory method to estimate the company’s year-end inventory at cost. Check (1) Inventory, $924,182 cost 2.A year-end physical inventory at retail prices yields a total inventory of $1,686,900. Prepare a calculation showing the company’s loss from shrinkage at cost and at retail. (2) Inventory shortage at cost, $36,873

Cost of Competitive Firm

In Vienna, there is a competitive market for the production of upright pianos. David’s piano production firm can make at most six pianos per week.

Complete the four cost columns in the table above.

If the market price of pianos is $8000 this week, how many pianos should David’s firm produce to maximise profit?

What would David’s profit be this week? $

8 points