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An appliance repair center estimates that the annual demand for a standard replacement motor for a washing machine in 100 units. Order placement costs are
An appliance repair center estimates that the annual demand for a standard replacement motor for a washing machine in 100 units. Order placement costs are $8; each motor costs $50, and annual carrying costs per unit are 20 perfect of the purchase cost. What is the economic order quantity, and what does it mean?
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