Question: Lisabi Manufacturing Association ( LMA ) Inc., situated in Ogun State, Nigeria, manufactures a product that requires turbine blades in its construction. It plans on

Lisabi Manufacturing Association (LMA) Inc., situated in Ogun State, Nigeria, manufactures a product that requires turbine blades in its construction. It plans on building 2500 units of the product over the next year, and therefore, has a need for 2500 units of turbine blades. The cost of placing an order for turbine blades is $15.00, and each unit costs $4.00 per year to store in inventory. Each turbine blade has a cost of $300.00a) What is the Economic Order Quantity?

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