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A newsvendor acquired 600 copies of a newspaper in the morning, sold 465 and disposed of the rest at the end of the day
A newsvendor acquired 600 copies of a newspaper in the morning, sold 465 and disposed of the rest at the end of the day for a disposal fee. The costs of underage and overage are cu = $2.12 and co= $1.70. How much income did the newsvendor earn on that day?
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To calculate the income earned by the newsvendor on that day we need to consider the cost...
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