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A liquor warehouse expects to sell 10,000 bottles of scotch whiskey in a year. Each bottle costs $10 , plus a fixed charge of $48
A liquor warehouse expects to sell 10,000 bottles of scotch whiskey in a year. Each bottle costs$10, plus a fixed charge of$48per order. If it costs$6to store a bottle for a year, how many bottles should be ordered at a time and how many orders should the warehouse place in a year to minimize inventory costs?
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