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Toyota procures rearview mirrors from an overseas supplier. The supplier charges $500 per order (no matter the order quantity). Toyota requires 6,000 rearview mirrors per
Toyota procures rearview mirrors from an overseas supplier. The supplier charges $500 per order (no matter the order quantity). Toyota requires 6,000 rearview mirrors per week and the annual holding cost on each rearview mirror is $1. Assume 52 weeks per year. How many rearview mirrors should Toyota order to minimize the sum of ordering and holding costs
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