1. If Mr.G. had to let go of a profit of USD 2000 due to his company's inability to produce, what will this foregone profit be called?

a. Marginal Cost b. Labour cost c.Overhead cost. d. Opportunity cost

2. Mk Ltd consumes around 100 units of raw material J per month which costs Rs. 20 per product. The ordering costs are Rs.30. The estimated obsolescence rate is around 10% and the storage costs for the raw material is 5% of the material cost. The bank interest rate is around 10%. Calculate the economic order quantity for Mk Ltd.

a. 140 units b. 200 units c. 120 units. d. 80 units