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7. A company orders 4,200 units of a product at a time, an annual demand of 8,000 units, and a setup cost of $200 per

7. A company orders 4,200 units of a product at a time, an annual demand of 8,000 units, and a setup cost of $200 per order. Calculate the total annual setup cost. Answers: a) $ 4,000 b) $8,000 c) $16

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