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frozen [14]
3 years ago
7

The weekly demand is 200 units . The cost to place an order is $2.00, and the time from ordering to receipt is four weeks. The w

eekly inventory carrying cost is $0.01 per unit. Suppose that the weekly production rate is 500 units. What is the optimal EPQ quantity
Business
1 answer:
scZoUnD [109]3 years ago
6 0

Answer:

Optimal EPQ quantity = 2633

Explanation:

Annual demand = D = 200/ week x 52 weeks = 10400 units

Cost to place an order = Co = $2

Weekly inventory carrying cost = I = $0.01

Weekly demand = d = 200 units

Weekly production rate = p = 500

Optimal EPQ quantity = Square root ( 2 x D x C/I x ( p/p-d))

= Square root ( 2 x 10400 x 2/0.01x ( 500 /500 – 200)

= Square root ( 2 x 10400 x 200 x 500/300)

= 2633.12 ( 2633 rounded to nearest whole number )

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Answer:

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B) Product Y should be produced because it will produce greater total profit.

Explanation:

If only Product X is produced, the total profit it will produced is:

Selling price = $35

Variable Cost = $20

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Total Contribution = $15 x 75,000/4 = $281,250

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Total Contribution = $10 x 75,000/2 = $375,000

Product Y therefore produces a greater total profit.  This is because the fixed cost will remain the same if there are no avoidable elements.

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Y_Kistochka [10]

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Explanation:

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what is the name for goods and services produced in one country that are then sold in other countries?
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quizlet If a country can produce more of a good or service, it has a(n) advantage. If the country can produce a good or service
poizon [28]

If the country can produce a good or service at a lower opportunity cost, it has a comparative advantage.

<h3>What is comparative advantage?</h3>
  • In an economic model, agents have a comparative advantage over others if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to the trade.
  • Comparative advantage describes the economic reality of trade advantages for people, firms, or nations as a result of disparities in their factor endowments or technological progress.
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Know more about comparative advantage here:

brainly.com/question/14846093

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