A local nursery, Greens, uses 1,780 bags of plant food annually. Greens works 52 weeks per year. It costs $12 to place an order for plant food. The Annual holding cost rate is $5 per bag. Lead time is one week. Calculate the economic order quantity. (Round your answer to 1 decimal place)

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter8: Production And Costs
Section8.4: Costs Of Production: Total, Average, Marginal
Problem 1ST
icon
Related questions
Question
100%

Fast plzzzzzz...asap hand written plzzzzzzz...i'll rate 

A local nursery, Greens, uses 1,780 bags of
plant food annually. Greens works 52 weeks
per year. It costs $12 to place an order for
plant food. The Annual holding cost rate is
$5 per bag. Lead time is one week.
Calculate the economic order quantity.
(Round your answer to 1 decimal place)
Transcribed Image Text:A local nursery, Greens, uses 1,780 bags of plant food annually. Greens works 52 weeks per year. It costs $12 to place an order for plant food. The Annual holding cost rate is $5 per bag. Lead time is one week. Calculate the economic order quantity. (Round your answer to 1 decimal place)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Marginal Approach
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning