Question: Economic order quantity (Appendix 8.2). The purchasing agent responsible for ordering chairs estimates that Davis Antiques sells 10.000 chairs evenly throughout each year, that each

Economic order quantity (Appendix 8.2). The purchasing agent responsible for ordering chairs estimates that Davis Antiques sells 10.000 chairs evenly throughout each year, that each order costs $15 to place, and that holding each chair in inventory for a year costs S4 per chair.

a. How many chairs should Davis Antiques request in each order?

b. How many times per year should Davis Antiques order chairs?

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