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Newtown Manufacturing, Inc. uses semihex joints in its manufacturing process. If Newtown's total demand for the joints for next year is estimated to be 57,000
Newtown Manufacturing, Inc. uses semihex joints in its manufacturing process. If Newtown's total demand for the joints for next year is estimated to be 57,000 units, and if the cost per order is $225, what is Newtown's economic order quantity of semihex joints? Assume that carrying costs for semihex joints are $0.75 per unit.
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