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1 3 - 7 . The East Coasters Bicycle Shop operates 3 6 4 days a year, closing only on Christmas Day. The shop pays
The East Coasters Bicycle Shop operates days a year, closing only on Christmas Day. The shop pays $ for a par ticular bicycle purchased from the manufacturer. The annual holding cost per bicycle is estimated to be of the dollar value of inventory. The shop sells an average of bikes per week. The ordering cost for each order is $ Determine the optimal order quantity and the total minimum cost.
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