Question: hello, need your help solving this question A large law firm uses an average of 80 packs of photocopying paper per day. The company is

hello, need your help solving this question

hello, need your help solving this question A

A large law firm uses an average of 80 packs of photocopying paper per day. The company is active 300 days a year. Paper storage and possession costs are $ 2 per package per year, and the cost of ordering and receiving a paper order is approximately $ 12. a) What order size would minimize the total annual order and ownership costs? b) Calculate the total annual cost according to the order size found in a). c) Are the annual order and ownership costs equal when using the quantity economical to order (QEC)? Why? (Disregard rounding.) d) The administrative director is currently ordering lots of 200 packages. The partners of the company expects the office to be run efficiently. Do you believe that the director should use optimal order size rather than lots of 200 packs? Justify your

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