(Answered) Economic production quantity

Economics

Problem: C&A produces dog food in 5-pound bags. Monthly demand for C&A's dog food is 500 pounds. C&A has capacity to produce 2,000 5-pound bags per year. The setup cost to produce the dog food is $10. The holding cost is $1 per 5-pound bag per year. What is the economic production quantity? Be sure to support your response with specifics.

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