What is economic production quantity

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Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 300 per day, and it uses these subcomponents at a rate of 12, 700 per year (of 250 working days). Holding costs are $2 per item per year, and ordering costs are $29 per order. a) What is the economic production quantity? units (round your response to two decimal places).

Reference no: EM131658832

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