Economic order quantity is a calculation method to optimize order quantities based on certain tradeoffs. what statement best describes the overall objective of eoq? q* = startroot startfraction 2 ds over upper h endfraction endroot 2ds h a. to calculate the reorder point, so that replenishments take place at the proper time b. to minimize the sum of setup cost and holding cost c. to minimize the sum of carrying cost and holding cost d. to maximize the customer service level e. to calculate the optimum safety stock

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost. refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account