Question: b. An item costs $4 per unit, has a steady annual (deterministic) demand of 500 units, and is replenished according to the economic order quantity.

b. An item costs $4 per unit, has a steady annual

b. An item costs $4 per unit, has a steady annual (deterministic) demand of 500 units, and is replenished according to the economic order quantity. The average annual cost associated with ordering and stocking this item (including variable procurement costs) equals $2400. What is the average annual fixed ordering (setup) cost incurred? $2000 $1000 $250 $200

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