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A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $10 per unit per year. The EOQ

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A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $10 per unit per year. The EOQ model is appropriate. The cost-minimizing solution for this product will cost per year in total annual inventory (holding and setup) costs. 1265 $1200 $650 1000 1500

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