A jeweiry firm buys semprecious stones to make bracelets and rings The supplier quotes a price of S30 per stone for quantties of 600 stones or more, 570 per stone for orders of 400 to 500 shones, and $0 20 per stone for lesser quantities The welry firm operates 102 days per yea Usage rate s 20 stones per day and ordering costs are $40 The carrying cost is S3 per year for each stone 1) What is the candidate order quantity at the unit price of so 20 (Round your answer to the nearest whole number) 2) What is the candidate order quantity at the unt price of $0.707 (Round your anseer to the nearest whole number) 3) What is the candidale order quntty at the unt price of $0.307 (Round your answer to the nearest whole number) 4) What order quantity is optimal the intent is to mmze total annual costs? Round rteredmate calcuations to the nearest whole numbers before compuling the conespondng otal annual costs (Round your answer to the nearest whole number) 5)What is the mmum total annual costs7 (Round your answer to the nearest whole number)

A jeweiry firm buys semprecious stones to make bracelets and rings The supplier quotes a price of S30 per stone for quantties of 600 stones or more, 570 per stone for orders of 400 to 500 shones, and $0 20 per stone for lesser quantities The welry firm operates 102 days per yea Usage rate s 20 stones per day and ordering costs are $40 The carrying cost is S3 per year for each stone 1) What is the candidate order quantity at the unit price of so 20 (Round your answer to the nearest whole number) 2) What is the candidate order quantity at the unt price of $0.707 (Round your anseer to the nearest whole number) 3) What is the candidale order quntty at the unt price of $0.307 (Round your answer to the nearest whole number) 4) What order quantity is optimal the intent is to mmze total annual costs? Round rteredmate calcuations to the nearest whole numbers before compuling the conespondng otal annual costs (Round your answer to the nearest whole number) 5)What is the mmum total annual costs7 (Round your answer to the nearest whole number)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A jewelry firm buys semiprecious stones to make bracelets and rings The supplier quotes a price of S8.30 per stone for quantities of 600 stones or more, S8.70 per stone for orders
of 400 to 599 stones, and $0.20 per stone for lesser quantities The jewelry firm operates 102 days per yea. Usage rate is 20 stones per day, and ordering costs are 540. The
carrying cost is $3 per year for each stone
1) What is the candidate order quantty at the unit price of 50 207 (Round your answer to the nearest whole number)
2) What is the candidate order quantity at the unit price of $0.707 (Round your ansewer to the nearest whole number)
3) What is the candidate order quantity at the unit price of $8.307 (Round your answer to the nearest whole number.)
4) What order quantity is optimal the intent in to mnimize total annual conts? Round nteredmate calcuations to the nearest whole numbers before compuling the conesponding
total annual costs (Round your answer to the nearest whole number
5) What is the mimum tolal annual costs7 (Round your answer to the nearest whole number.)

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