Here is a small part of the order book for Mesquite Foods: Bid Ask
Price Size Price Size
103 100 103.5 200
102.5 200 103.8 200
101 400 104 300
99.8 300 104.5 400
a. Georgina Sloberg submits a market order to sell 100 shares. What price will she receive?

b. Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.)

c. Carlos Ramirez submits a limit bid order at 105. Will it execute immediately?

Yes

No

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.