A car rental agency uses 96 boxes of staples a year.The boxes cost $4 each.It costs $10 to order staples, and carrying costs are $0.80 per box on an annual basis.
Determine:
(A) the order quantity that will minimize the sum of ordering and holding boxes of staples
(B) the annual cost of ordering and carrying the boxes of staples

Question

Quizplus · Accepted Answer

The Answer of A car rental agency uses 96 boxes of staples a year.The boxes cost $4 each.It costs $10 to order staples, and carrying costs are $0.80 per box on an annual basis.
Determine:
(A) the order quantity that will minimize the sum of ordering and holding boxes of staples
(B) the annual cost of ordering and carrying the boxes of staples

A Car Rental Agency Uses 96 Boxes of Staples a Year.The