Question: A pharmacy has a uniform annual demand for 200 bottles of a certain antibiotic. It costs $10 to store one bottle for one year and
A pharmacy has a uniform annual demand for 200 bottles of a certain antibiotic. It costs $10 to store one bottle for one year and $40 to place an order. How many times during the year should the pharmacy order the antibiotic in order to minimize the total storage and reorder costs?
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