A company orders $15,000 worth of goods every 6 months. They have identified that it costs...

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A company orders $15,000 worth of goods every 6 months. They have identified that it costs $18 per year to store a single good in the warehouse. They also experience a fixed cost of ordering equivalent to $200 per order. After running their analysis to optimize this model, they reduced their ordering quantity to 169 per order. This resulted in a change to ordering every 2 months and reduced the total cost by $1600. Write down the equation you must optimize to find the optimal ordering quantity in this question and calculate the price (C) of one good A company orders $15,000 worth of goods every 6 months. They have identified that it costs $18 per year to store a single good in the warehouse. They also experience a fixed cost of ordering equivalent to $200 per order. After running their analysis to optimize this model, they reduced their ordering quantity to 169 per order. This resulted in a change to ordering every 2 months and reduced the total cost by $1600. Write down the equation you must optimize to find the optimal ordering quantity in this question and calculate the price (C) of one good