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A retail outlet for calculators sells 700 calculators per year. It costs $2 to store one calculator for a year. To reorder, there is a
A retail outlet for calculators sells 700 calculators per year. It costs $2 to store one calculator for a year. To reorder, there is a fixed cost of $7, plus $1.25 for each calculator. How many times per year should the store order calculators, and in what lot size, in order to minimize inventory costs? calculators times per year to minimize inventory costs. The store should order (Simplify your answers.)
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