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A jeweler purchases silver for use in its products. The firm uses 2 0 0 grams of silver per week and purchases silver for $

A jeweler purchases silver for use in its products. The firm uses 200 grams of silver per week and purchases silver for $0.54 per gram from a supplier. Each time the firm orders silver from the supplier, the firm must pay a $10 order processing charge. The firm's annual holding cost percentage is 37%.

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