Questions

What is the minimum$-$cost economic order quantity? Round your answer to the nearest whole number.

$$ cases

What is the annual ordering cost based on the minimum$-$cost economic order quantity? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent.

$ $q,$

What is the annual inventory holding cest based on the minimum$-$cost economic order quantity? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent.

$ $q,$

What is the total annual cost based on the minimum$-$cost economic order quantity? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent.

$ $$

What are the total cost savings in absolute terms caused by using the minimum$-$cost economic order quantity instead of the current purchasing policy of $Q=1,700?$ Use the rounded EOQ value in calculations. Round your answer to the nearest cent.

$ $$

Choose the correct graph for the cost functions.

The correct graph is $q,1.$

A$.$

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