Compute the total cost of lording and carrying flour
Course:- Business Economics
Reference No.:- EM13891919

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,900 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag.    

1. Compute the total cost of lording and carrying flour. (Round your answer to 2 decimal places)

2. If holding costs were to increase by $9 per year, how much would that affect the minimum total annual cost? (Round intermediate order qty to nearest whole number and round your answer to 2 decimal places.) 

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
"The extension of the public domain to include mines, quarries, oil wells, forests and water power.” As it happened, the political party had only limited success, with its Pre
Given the utility function U = 4lnC1 + 3lnC2 , use calculus to derive a formula for optimal consumption in period 1 (C1*) and period 2 (C2*), each as a function of the income
How large a tax cut would be needed to achieve the same increase in aggregate demand? Determine one possible combination of government spending increases and tax increases tha
A survey conducted by the American Automobile Association showed that a family of four spends an average of $215.60 per day while on vacation. Suppose a sample of 64 families
A minimum wage will influence different labor markets differently. In four separate market diagrams, illustrate the following cases: a competitive market in which causes a 50%
Consider a perfectly competitive industry in which the inverse demand is given by p(y)=2001-2y and each firm has the following cost function : c (y)=(1/3)y^3+18 for y>0, c(y)=
To get a loan from the federal reserve, a bank can: Which of the following economies did not experience a financial crisis in the last twenty years. Some economists argue that
A hurricane hits the Gulf Coast and completely shuts down much of the refining capacity for some time. Consider the market for gasoline. Draw supply and demand graph showing t