The Annual Demand for an Item Is 40,000 Units

question 164

Essay

The annual demand for an item is 40,000 units.The cost to process an order is $40 and the annual inventory holding cost is $3 per item per year.What is the optimal order quantity,given the following price breaks for purchasing the item?
a.What is the optimal behaviour?
b.Does the firm take advantage of the lowest price available? Explain.

Identify the specialized functions of different brain lobes.

Describe the impact of environment on brain development and learning.

Understand the process of synaptic pruning and its significance in brain development.

Recognize the significance of early sensory experiences in infant development.

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Definitions:

Productive Resources

Resources that are used in the production of goods and services, including land, labor, and capital.

Total Fertility Rate

The average number of children per lifetime birthed by a nation’s women.

Replacement Rate

The total fertility rate necessary to offset deaths in a country and thereby keep the size of its population constant (without relying on immigration). For most countries, a total fertility rate of about 2.1 births per woman per lifetime.

Per-Capita Consumption

The average consumption of a good or service per person within a particular population or area.