ons Score: 0 of 1 pt Score: 40%, 2 of 1 of 5 (2 complete) Problem 2 nts Sharpe Cutter is a small company that produces speciality knives for paper cutting machinery. The annual demand for a particular type of knife is 100,000 units. The EQuestion Help demand is uniform over the 250 working days in a year. Sharpe Cutter produces this type of knife in lots and, on average, can produce 450 knives a day. The cost to set up a production lot is $320, and the annual holding cost is $1.10 per knife. a. Determine the economic production lot size (ELS). The economic production lot size is 400 knives. (Enter your response rounded to the nearest whole number) a Quiz/Tes Erner your answer ", answer box nnd then cick Creck Answer. 3 Clear A Check Anwer