Question: 3 - Tissue boxes comes in single box and in more economical 1 2 boxes packs. You are trying to decide which to buy. The
Tissue boxes comes in single box and in more economical boxes packs. You are trying to decide which to buy. The single box costs cents and the boxes pack costs $ You consume tissues at a fairly steady rate of one box every three months. Your opportunity cost of money is computed assuming an interest rate of percent and a fixed cost of $ for the additional time it takes you to buy tissue when you go shopping.a How many single boxes should you be buying in order to minimize the annual holding and setup costs of purchasing tissues?b Determine if it is more economical to purchase tissue boxes in packs.
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