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A product is to be manufactured on a machine. The cost, production, demand, etc are as follows :
Ordering cost per order = Rs.30,
Purchase cost per unit = Rs.0.10
Inventory holding cost per unit per annum = Rs.0.05
Production rate = 1,00,000 units per year
Demand rate = 10,000 units / year.
Determine the economic manufacturing quantity.
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To help stimulate the economy, President Bush proposed a tax cut, while the Fed had been increasing U.S. money supply. Use the IS-LM-FX model to compare the effects of these two policies in terms of their implications for Y, I, E, C, I, and TB.
If a population is known to be normally distributed, what can be said of the sample distribution of the sample mean drawn from this population?
What are the advantages that accrue to an organization as a result of employee orientation programs?
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