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A firm estimated that it uses 50,000 of a particular type of material in the production. The cost of placing an order is $100 and

A firm estimated that it uses 50,000 of a particular type of material in the production. The cost of placing an order is $100 and holding cost $0.4 per unit.

Determine EOQ,

The supplier has offered a quantity discount of $0.02 per unit if the company buys batches of $100,000 units, should the company take advantage of this?

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