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Zanzabum
3 years ago
5

Problem 13-13 A mail-order house uses 18,000 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $9

6. The following price schedule applies. Number of Boxes Price per Box 1,000 to 1,999 $1.25 2,000 to 4,999 1.20 5,000 to 9,999 1.15 10,000 or more 1.10 a. Determine the optimal order quantity. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.) Optimal order quantity boxes b. Determine the number of orders per year. (Round your answer to 1 decimal place.) Number of order per year
Business
1 answer:
uranmaximum [27]3 years ago
4 0

Answer:

A. 5,000 boxes per order

B. 3.6 orders per yr

Explanation:

See attached file

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3 years ago
Your boss would like your help on a marketing research project she is conducting on the relationship between the price of juice
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Explanation:

The tabular representation (demand schedule is down below)

Price of Juice (Dollars per can)     Quantity Demanded(Billions of can)

2000                                                   0.5

1500                                                   0.75

1000                                                     1

750                                                      1.25

From the table above and the graphical representation attached, <u>the law of demand</u> is confirmed. The law of demand states that the price of a good and the quantity demanded are inversely proportional.

Notice that when the price of the juice increases, the demand decreases and when the price decreases, the demanded increases. This shows that majority of consumers will be more willing to make purchases when there is a decrease in price.

Check the attachment for the graphical representation.

Download xlsx
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3 years ago
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3 years ago
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