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Rocky Mountain Tire Center sells 20,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 20% of the purchase price of the tires per year. The purchase price is $20 per tire if fewer than 500 tires are ordered, $18 per tire is 500 or more - but fewer than 1000 - tires are ordered and $17 per tire if 1,000 or more tires are ordered.
a. How many tires should Rocky Mountains tire order each time it time it places an order?
b. What is the total cost of this policy?
A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Birmingham, AL. Prepare an economic analysis of the th
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