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Good&Goods Inc. uses 1,500 chips per month (assume 1 month=30 days) and they always restock every month. If the relevant carrying cost per chip is

Good&Goods Inc. uses 1,500 chips per month (assume 1 month=30 days) and they always restock every month. If the relevant carrying cost per chip is $20 and the fixed order cost is $1750, what is the economic order quantity of Good&Goods Inc.? Is Good&Goods Inc.'s inventory policy optimal? Why or why not?

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