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Question 5 : In a retail shop, the annual demand for a product is 1 0 0 0 0 0 units. The ordering cost per

Question 5:In a retail shop, theannualdemand for a product is 100000 units. The ordering cost per order (irrespective of the order size) is $10 per order. The handling (carrying) cost for a unit is $2.4 per unit per year. If the assumptions of Economic Order Quantity inventory model are valid, then answer the following problems: (10 points)

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