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A company purchases wax for its candle-making business from a supplier who charges $30 per order and $50 per case of wax. The company needs

A company purchases wax for its candle-making business from a supplier who charges $30 per order and $50 per case of wax. The company needs 2000 cases a year. The annual holding costs are 30%. Suppose the company uses the EOQ model to determine the number of cases to buy. Calculate the h that the company should use in its EOQ formula

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