Carpet City orders Soft Shag carpet from its own mill. Using the 3-month moving average forecast of demand for month 9 as the monthly forecasts for all of next year, a production rate at the mill of 1,200 yards per day (with the mill operating 260 days per year), an annual carrying cost of $0.63, a $425 cost for setting up a production run and deliver- ing the carpet to the store, and a lead time for receiving an order of 7 days, determine the opti- mal order size, the minimum total annual inventory cost, and the reorder point (given that Carpet City is open 360 days per year).

Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.