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A mail-order house uses 16,000 boxes a year. Carrying costs are 64 cents per box a year, and ordering costs are $98. The following price
A mail-order house uses 16,000 boxes a year. Carrying costs are 64 cents per box a year, and ordering costs are $98. The following price schedule applies. Click here for the Excel Data File a. Determine the optimal order quantify. (Round your answer to the nearest whole number.) b. Determine the number of orders per year. (Rpund your answer to 2 decimal places.)
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