8. A college bookstore is attempting to determine the optimal order quantity for a popular book on...
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8. A college bookstore is attempting to determine the optimal order quantity for a popular book on psychology. The store sells 5,000 copies of this book a year at a retail price of $12.50, although the publisher allows the store a 20 percent discount on this price. The store figures that it costs $1 per year to carry a book in inventory and $100 to prepare an order for new books.
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