A restaurant has an annual demand for 900 bottles of a California wine. It costs $1 to
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A restaurant has an annual demand for 900 bottles of a California wine. It costs $1 to store 1 bottle for 1 year, and it costs $5 to place a reorder.
(a) Find the optimum number of bottles per order.
(b) How many times a year should the wine be ordered?
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a Here k 1 M 900 and f 5 We have orderin...View the full answer
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