Version D Ltd Productions sells office decorations regionally. Demand for their acrylic paint sets is 7500 units annually. Their ordering costs are 22 dollars per order. Holding costs are 1.20 dollars per unit per year. They have been offered the following quantity discount schedule by their suppliers: Price Option Order Quantity (units) Unit Price ($)
Base price 1 to 299 5.00
Discount 1 300 to 699 4.85
Discount 2 700 and up 4.80
To minimize total costs, which Price Option should be chosen?
How many units should be ordered with each order? units.
To the nearest dollar, what is the minimum total annual inventory cost? dollars.

commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; risk transference;