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2. John Equipment Company estimates its carrying cost at 15% and its ordering cost at $9 per order. The estimated annual requirement is 48,000 units

2. John Equipment Company estimates its carrying cost at 15% and its ordering cost at $9 per order. The estimated annual requirement is 48,000 units at a price of $4 per unit.

Required:

What is the most economical number of units to order?
How many orders should be placed in a year?
How often should an order be placed?

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