Answer:
See explanation section
Explanation:
See the image to get the appropriate answer
Answer:
E
Explanation:
If supply of oats come down because some major participants exit the market this will decrease the total oat supply. In the demand and supply graph the supply curve will shift to the left. This will cause that the equilibrium quantity decreases but the equilibrium price will increases. The figure attached shows those changes in price and quantity.
Answer:
77.48 units
Explanation:
Data provided in the questions
Annual demand = 395 units
Ordering cost = $38
Holding cost per unit per year = $5
The computation of the economic order quantity is shown below:
= 77.48 units
hence, the economic order quantity is 77.48 units
We simply applied the above formula so that approximate units could come. And it always expressed in units