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Annual demand for motor oil at a truck maintenance facility is 12500 gallons. The cost to hold a gallon of oil for a year is

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Annual demand for motor oil at a truck maintenance facility is 12500 gallons. The cost to hold a gallon of oil for a year is $50 and the cost to place an order for oil is $500. How many gallons of motor oil should be ordered at a time if using the EOQ? 500 As close to 70.71 as possible. 1000 50

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