Antique manufacturers old-fashioned, rotary telephones for use in movie scenes (and other displays). Worldwide demand is 44,000 phones per year. The rotary dial on each phone costs $0.75. Set up costs are $8. The carrying costs are 12%. 1. What is the economic order quantity (EOQ)?968.85 2. What are the annual order costs? 363.32 3. What are the annual carrying costs?46,200 4. If Antique operates 250 eight-hour days per year and the lead time is eight days, what is the ROP?

Grace period is a period of time before the credit card company starts charging late fees.truefalse

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.