Bob Schmidt, a business owner, wants to offer insurance benefits to all of his employees. The table gives information about the specific insurance costs that Schmidt might have to incur. Compute Schmidt's total
cost of providing a collection of insurance packages to his employees.
Type the correct answer in each box. Use numerals instead of words.

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?