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Textbooks / Business / Operations Management: Sustainability and Supply Chain Management 12

Operations Management: Sustainability and Supply Chain Management 12th Edition Solutions

Do I need to buy Operations Management: Sustainability and Supply Chain Management | 12th Edition to pass the class?

ISBN: 9780134471815

Operations Management: Sustainability and Supply Chain Management | 12th Edition - Solutions by Chapter

Do I need to buy this book?
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77% of students who have bought this book said that they did not need the hard copy to pass the class. Were they right? Add what you think:

Operations Management: Sustainability and Supply Chain Management 12th Edition Student Assesment

Guadalupe from University of Tennessee - Knoxville said

"If I knew then what I knew now I would not have bought the book. It was over priced and My professor only used it a few times."

Textbook: Operations Management: Sustainability and Supply Chain Management
Edition: 12
Author: Jay Heizer; Barry Render; Chuck Munson
ISBN: 9780134471815

The full step-by-step solution to problem in Operations Management: Sustainability and Supply Chain Management were answered by , our top Business solution expert on 09/27/18, 09:50PM. This textbook survival guide was created for the textbook: Operations Management: Sustainability and Supply Chain Management, edition: 12. Since problems from 0 chapters in Operations Management: Sustainability and Supply Chain Management have been answered, more than 200 students have viewed full step-by-step answer. This expansive textbook survival guide covers the following chapters: 0. Operations Management: Sustainability and Supply Chain Management was written by and is associated to the ISBN: 9780134471815.

Key Business Terms and definitions covered in this textbook
  • agent

    a person who is performing an act for another person, called the principal

  • bank capital

    the resources a bank’s owners have put into the institution

  • closed economy

    an economy that does not interact with other economies in the world

  • economic profit

    total revenue minus total cost, including both explicit and implicit costs

  • efficient scale

    the quantity of output that minimizes average total cost

  • free rider

    a person who receives the benefit of a good but avoids paying for it

  • implicit costs

    input costs that do not require an outlay of money by the firm

  • job search

    the process by which workers find appropriate jobs given their tastes and skills

  • marginal rate of substitution

    the rate at which a consumer is willing to trade one good for another

  • marginal tax rate

    the amount that taxes increase from an additional dollar of income

  • maximin criterion

    the claim that the government should aim to maximize the well-being of the worst-off person in society

  • negative income tax

    a tax system that collects revenue from high-income households and gives subsidies to lowincome households

  • present value

    the amount of money today that would be needed, using prevailing interest rates, to produce a given future amount of money

  • price elasticity of supply

    a measure of how much the quantity supplied of a good responds to a change in the price of that good, computed as the percentage change in quantity supplied divided by the percentage change in price

  • productivity

    the quantity of goods and services produced from each unit of labor input

  • quantity supplied

    the amount of a good that sellers are willing and able to sell

  • random walk

    the path of a variable whose changes are impossible to predict

  • structural unemployment

    unemployment that results because the number of jobs available in some labor markets is insufficient to provide a job for everyone who wants one

  • total revenue (in a market)

    the amount paid by buyers and received by sellers of a good, computed as the price of the good times the quantity sold

  • value of the marginal product

    the marginal product of an input times the price of the output