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Crank
3 years ago
8

Average demand for a particular item is 1,200 units per year. it costs $100 to place an order for this item, and it costs $24 to

hold one unit of this item in inventory for one year. if the fixed-order-interval model is chosen in this instance, how often (on average) will this item be ordered?
Business
1 answer:
Anika [276]3 years ago
3 0
On average this item will be ordered "once a <span>month".
We can find the order interval by dividing the EOQ (economic order quantity), in above situation that is equal to 100 and annual demand is equal to 1200.
So, the time interval in which this item will be ordered;
100/1200 = 1/12
it means 1/12th of a year that is equal to once a month.
</span>
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Answer:

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Explanation:

Solution

Now,

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So, quantity produced = 500 where each will produce 500/2

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Therefore from the given question stated as, If the two firms operating in this market agreed to each supply one-half of the quantity a monopolist would supply, the contract would specify that: Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.

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