You have just received an offer in the mail from Friendly Loans. The company is offering to loan you $4,500 with low monthly pay
1 answer:
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Answer:
Inventory cost will be $3
So option (b) is correct option
Explanation:
We have given that carrying and setup cost is $600
So carrying and setup cost = $600
And EOQ = 200 units
We have to find the inventory carrying cost per year
We know that inventory carrying cost is given by
inventory carrying cost
So option (b) will be correct option
Answer:
E=-4.0746
Explanation:
Using the midpoint method, Lauren's income elasticity of demand for new outfits is determined by the change in income multiplied by the average number of outfits, divided by the change in the number of outfits multiplied by the average income:
Her income elasticity of demand for new outfits is -4.0746.