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Business, 06.03.2022 04:40 murphyscott794
How does the minimum wage tend to cause persistent imbalances in the labor market, especially when the minimum wage is above the market equilibrium wage rate
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An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?
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