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One of the formulas for inventory management says that the average weekly cost of ordering, paying for, and holding merchandise is given by the function
One of the formulas for inventory management says that the average weekly cost of ordering, paying for, and holding merchandise is given by the function below, where q is the quantity you order when things run lowshoes radios, brooms, or whatever the item might be k is the cost of placing an orderthe same, no matter how often you order c is the cost of one itema constant m is the number of items sold each weeka constant and h is the weekly holding cost per itema constant that takes into account things such as space, utilities, insurance, and security Complete parts a and b below.
Aq
cm
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