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A liquor warehouse expects to sell 10,000 bottles of scotch whiskey in a year. Each bottle costs $15, plus a fixed charge of $150 per
A liquor warehouse expects to sell 10,000 bottles of scotch whiskey in a year. Each bottle costs $15, plus a fixed charge of $150 per order. If it costs $12 to 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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