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A retailer purchases a seasonal product from a supplier for $ 3 / unit , which it then sells to customers for $ 1 0
A retailer purchases a seasonal product from a supplier for $unit which it then sells to customers for $ Customer demand for the season is forecasted to be a normal distribution with a mean of and a standard deviation of If the retailer orders once from the supplier before the start of the selling season and salvages unsold units after the end of the selling season for $unit what is the retailer's optimal expected profit in dollars?
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