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Question: Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 290 per day, and it uses these subcomponents at a rate of 12,600 per year (of 250 working days). Holding costs are $22per item per year, and ordering costs are $3232 per order.

a) What is the economic production quantity?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92587898

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