Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she is ordering 230. Daily demand for these calculators is 5. The cost to re-order this item is estimated at $44, while the annual inventory holding cost is 22%. Orders are received two working days after an order is placed. The office operates 52 weeks per year, 5 days per week. What is the total annual cost using the EOQ?

Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she is ordering 230. Daily demand for these calculators is 5. The cost to re-order this item is estimated at $44, while the annual inventory holding cost is 22%. Orders are received two working days after an order is placed. The office operates 52 weeks per year, 5 days per week. What is the total annual cost using the EOQ?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Let f(t) be the balance in a savings account at the end of t years and suppose y = f(t) satisfies the differential equation y' = 0.05y - 12,500. (a)Suppose that after one year the balance is $230,000. Is the balance increasing or decreasing at that time? At what rate is it increasing or decreasing at that time? (b)Write the differential equation in the form y' = k(y - M). (c)Describe the differential equation in words. %3D %3D (a) The balance is decreasing at a rate of $ - 1000 per year. (b) y' = .05(y - 230000) (c) Choose the correct answer below. A. The rate of change of the savings account balance is proportional to the balance at the end of t years and is always increasing. B. The rate of change of the savings account balance is proportional to the difference between the balance at the end of t years and $250,000. C. The rate of change of the savings account balance is proportional to the balance at the end of t years and is always decreasing. D. The differential equation gives the…
tc(q)=4800+5q** find the ATC ATC=TC/q
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Could you please use the first derivative for part (b), not the second derivative? Could you ensure that you use a table when comparing values when getting the profit maximising? Greatly Appreciated!!
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Show full work, no excel please
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