The government imposes a restriction on firms such that no more than Upper Q 2 units of output can be produced so that the new supply curve intersects the demand curve at e 2. Discuss the effects on consumer surplus (CS), producer surplus (PS), welfare (W), and deadweight loss (DWL). As a result of the restriction, the change in consumer surplus (Upper DeltaCS) in terms of the letters given is Upper DeltaCSequals nothing. As a result of the restriction, the change in producer surplus (Upper DeltaPS) in terms of the letters given is Upper DeltaPSequals nothing The change in welfare (Upper DeltaW) in terms of the letters given is Upper DeltaWequals nothing The deadweight loss from the restriction (DWL) in terms of the letters given is DWLequals nothing

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?