Because Price Is Not a Factor in the EOQ Formula

question 95

True/False

Because price is not a factor in the EOQ formula, quantity discounts will not affect EOQ calculations.

---

Definitions:

Minimum-Wage Laws

Legislation that sets the lowest hourly wage rate that employers can legally pay their employees.

Minimum Wage

The lowest legal salary that employers can pay workers, set by government law or policy.

Labor Supplied

The total hours that workers are willing to work at a given wage rate, representing the workforce availability in the economy.

Labor Demanded

The total amount of workers that employers in the economy want to hire at a given wage level and time period.