A furniture store sells 200 dinning sets each year. It cost $20 to store one dinning set for year. To reorder, there is fixed processing cost of $40, plus a $10 shipping fee for each dinning set. a) Find the processing cost. b) Find the shipping cost. c) Find the storage cost. d) Find the Total inventory cost function. e) To minimize the inventory costs, how large is the lot size the store should maintain, and how many orders should be placed

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; planning;

reducing the scale of the market for a new product.