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The Acme Medical Center uses 53,800 pairs of rubber gloves per year, the price of each pair of gloves is $0.25, gloves are sold only
The Acme Medical Center uses 53,800 pairs of rubber gloves per year, the price of each pair of gloves is $0.25, gloves are sold only in packages of 100 pairs per package, the carrying cost per package is 10%, and the fixed cost of placing an order with the glove supplier is $10. Each time Acme places an order, what size order should they place in order to minimize the total cost of inventory? O 7 packages 66 packages 6560 packages 656 packages
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