Janet's Poodle Grooming Salon Has a Total Cost Curve Expressed

question 186

Multiple Choice

Janet's poodle grooming salon has a total cost curve expressed by the equation TC = 100 + 3Q², where Q is the quantity of dogs groomed.Given this expression,Janet is operating in the:

• A)long run.
• B)short run,and her fixed costs are $100.
• C)long run,and her fixed costs are $100.
• D)short run,and there are no fixed costs.

---

Definitions:

Bullwhip Measure

A metric used to quantify the increase in variability of order sizes in the supply chain from downstream to upstream.

Bullwhip Measure

A method or metric used to quantify the degree of the bullwhip effect within a supply chain.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in statistics to quantify the variance from the mean.

Bullwhip Effect

The phenomenon where variations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, manufacturer, and raw material supplier levels.