Real per capita gdp in south korea in 1960 was about $400, but it doubled to about $800.00 by 1978. a. what was the average annual economic growth rate in south korea over the 18.00 years from 1960 to 1978? (note: round this to two places past the decimal point.) %. b. per capita real gdp doubled in south korea again in only seven years, reaching $1600.00 by 1985.00. what was the average annual economic growth rate between 1978 and 1985.00? (note: round this to two places past the decimal point.) %.

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.