Aalogistics Co

question 7

Short Answer

Aalogistics Co.has just signed a contract to deliver products to three locations,and they are trying to decide where to put their new warehouse.The three delivery locations are Chicago,Kansas City,and Memphis.The x,y coordinates for the delivery locations are as follows The total quantity to be delivered to each destination is: 400 to Chicago,150 to Kansas City,and 100 to Memphis.Calculate the location of the new warehouse using the Center of Gravity approach.

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Definitions:

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

Monopoly's Product

A unique product or service without close substitutes, offered by a monopolist who faces no competition.

Profit-Maximizing

Refers to strategies or decisions taken by a company to maximize its profits by increasing revenue, reducing costs, or both.

Charge a Price

The act of assigning a monetary value to a product or service that customers must pay to obtain it.