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What the eoq for ketchup is

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Question 1: Kurt's Kitchen orders 1,000 packages of ketchup per month to meet customer demand. Kurt used all of the ketchup packages in the given month. The ketchup ordering cost is $50 per order, while the ketchup carrying cost is $0.02 per package. Kurt wonders if he can optimize the number of ketchup he places in a given year. The EOQ for ketchup is

Select one:

a. 480
b. 7,746
c. 2,236
d. 155

Reference no: EM132747336

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