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Answer the following questions using the information below:
The following information applies to Krynton Corp. which supplies microscopes to laboratories throughout the country. Krynton purchases the microscopes from a manufacturer which has a reputation for very high quality in its manufacturing operation.
-What is the economic order quantity assuming each order was made at the economic-order-quantity amount?
International Trade
The exchange of goods and services between countries, involving exports and imports.
Quota
A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period.
Sugar
A sweet-tasting, soluble carbohydrate used commonly as a sweetener in food and drinks.
Tariff
Tax on an imported good.
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