Q1. Suppose that a production line operates such that production lot size model of Section 14.2 is applicable. Given D = 6400 unit per year, C? = $100, and Ch = $2 per unit per year, calculate the minimum cost production lot size for each of the following production rates
a. 8000 units per year
b. 10,000 units per year
c. 32,000 units per year
Q2. 1. Provide three examples of how federalism has evolved from its origins to the American political system in place today.
2. Examine three to five factors that have allowed the concept of federalism to shape American political behaviour.
3. Discuss at least two factors that illustrate how the relationship between the states and U.S. federal government influences the creation of American policies overall.