Consider the all-units quantity discount schedule below. Assume that D = 4,000 units a year, S...
Consider the all-units quantity discount schedule below. Assume that D = 4,000 units a year, S = $30 per order and I = 30 % of item price.
| Quantity Ordered | Price Per Unit |
| 1−1999 | $100 |
| 2000−3999 | $90 |
| 4000−5999 | $80 |
| 6000-7999 | $70 |
| 8000 and over | $60 |
a. What is the best order quantity?
b. How much is the total cost of the best order quantity?
Homework Answers
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Consider the all-units quantity discount schedule below.
Assume that D = 4,000 units a year, S...
Consider the all-units quantity discount schedule below.
Consider the all-units quantity discount schedule below. Which of the following sets of order quantities is guaranteed to contain the optimal solution (i.e., best order quantity)? A) {205, 400, 600, 800} B) {600, 800} C) {210, 400, 600} D) {210, 400, 600,800} E) {805}
You are in the process of deciding the optimal order quantity of shampoo packs for a hotel. The s...
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Use the supply and demand schedule below to answer the following questions: Price Quantity Supplied $20...
Use the supply and demand schedule below to answer the following questions: Price Quantity Supplied $20 60 25 Quantity Demanded 100 90 80 70 30 35 70 80 90 100 40 60 es Instructions: Enter your answers as whole numbers. a. What is the market equilibrium price and quantity? Market equilibrium price: $0 Market equilibrium quantity units Next > 4 of 7 b. If there is a shortage of 20 units, what is the market price? < Prev - 35...
Assume that the following quantity discount schedule is appropriate. If annual demand is 120 units, order...
Assume that the following quantity discount schedule is appropriate. If annual demand is 120 units, order costs are $20 per order, and the annual holding cost is 25% of price, what order quantity would you recommend? Order Size Unit Cost 0 to 49 $30.00 50 to 99 $28.50 100 or more $27.00
upply Help Sa Use the supply schedule below to answer the questions that follow. Supply of...
upply Help Sa Use the supply schedule below to answer the questions that follow. Supply of Umbrellas Price (dollars Quantiay of Umbrellas Supplied 5,800 4,800 3 , еее per umbrella) $120 1e8 80 60 40 2e 1,000 a. Use the supply schedule to graph the supply curve. Instructions: Use the tool provided 'Supply to plot the line point by point (6 points total) Supply of Umbrellas 140 Tools 120 K Prev 2 of 10 Next > arch Disintegrated5x G which...
2. Assume that the following quantity discount schedule is appropriate. If annual demand is 120 units,...
2. Assume that the following quantity discount schedule is appropriate. If annual demand is 120 units, ordering costs are $20 per order, and the annual holding cost rate is 25%, what order quantity would you recommend? Order size Discount (%) Unit cost ($) 0 - 49 0 30.00 50 - 99 5 28.50 100 or more 20 27.00
Case Study: Heinkel-Fishbein, Inc. Heinkel-Fishbein is a large importer and distributor of robotic toys. The toys...
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Use the demand and supply schedule below to answer the following questions. Price of Garlic (per...
Use the demand and supply schedule below to answer the following questions. Price of Garlic (per Quantity of Garlic Quantity of Garlic pound) Demanded Supplied $10 100 20 30 80 40 50 60 70 60 40 20 80 100 90 a. Graph the demand for garlic and the supply of garlic, and then indicate equilibrium in the garlic market Instructions: Use the tools provided 'Supply' and 'Demand' to plot the supply and demand curves for this ma each curve). Use...
The table below refers to the daily supply and demand schedule for pizza in a small...
The table below refers to the daily supply and demand schedule for pizza in a small college town Part 1: Use the multi-point line tool to plot the demand curve and the supply curve for pizza, then label them appropriately Part 2: Use a double drop line to identify the equilibrium price and quantity of pizza (Equilibrium) Price of pizza Quantity of pizza supplied (per day) Quantity of pizza demanded (per day) 25 $20 $15 10 100 80 0 0...
Consider the following demand and supply schedule for eggs in USA for a given month (quantity figures are in millions o...
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Use the supply and demand schedule below to answer the following questions: Price Quantity Supplied $20 60 25 Quantity Demanded 100 90 80 70 30 35 70 80 90 100 40 60 es Instructions: Enter your answers as whole numbers. a. What is the market equilibrium price and quantity? Market equilibrium price: $0 Market equilibrium quantity units Next > 4 of 7 b. If there is a shortage of 20 units, what is the market price? < Prev - 35...
upply Help Sa Use the supply schedule below to answer the questions that follow. Supply of Umbrellas Price (dollars Quantiay of Umbrellas Supplied 5,800 4,800 3 , еее per umbrella) $120 1e8 80 60 40 2e 1,000 a. Use the supply schedule to graph the supply curve. Instructions: Use the tool provided 'Supply to plot the line point by point (6 points total) Supply of Umbrellas 140 Tools 120 K Prev 2 of 10 Next > arch Disintegrated5x G which...
Use the demand and supply schedule below to answer the following questions. Price of Garlic (per Quantity of Garlic Quantity of Garlic pound) Demanded Supplied $10 100 20 30 80 40 50 60 70 60 40 20 80 100 90 a. Graph the demand for garlic and the supply of garlic, and then indicate equilibrium in the garlic market Instructions: Use the tools provided 'Supply' and 'Demand' to plot the supply and demand curves for this ma each curve). Use...
The table below refers to the daily supply and demand schedule for pizza in a small college town Part 1: Use the multi-point line tool to plot the demand curve and the supply curve for pizza, then label them appropriately Part 2: Use a double drop line to identify the equilibrium price and quantity of pizza (Equilibrium) Price of pizza Quantity of pizza supplied (per day) Quantity of pizza demanded (per day) 25 $20 $15 10 100 80 0 0...
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