Question: 2 Additional Algo 12-2 Optimal Order Quantity 2 points A food processor purchases corn for use in its products. The firm uses 500 pounds of

2 Additional Algo 12-2 Optimal Order Quantity 2

2 Additional Algo 12-2 Optimal Order Quantity 2 points A food processor purchases corn for use in its products. The firm uses 500 pounds of corn per week and purchases corn for $0.25 per pound from a supplier. The cost to hold one pound of corn in inventory for one year is $0.05. Each time the firm orders corn from the supplier, the firm must pay a $40 order processing charge. eBook Assume there are 52 weeks in a year and round your answer to the nearest integer value. What is the optimal order quantity (in pounds)? Print pounds References

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