Suppose you purchase a part from a supplier for a unit cost of $4 with which you assemble red widgets. on average, you use 50,000 units of this part each year. every time you order this particular part, you incur a sizable ordering cost of $800 regardless of the number of parts you order. your cost of capital is 20% per year. a. how many parts should you purchase each time you place an order? b. to satisfy annual demand, how many times per year will you place orders for this part?

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively