Question: A large bakery buys flour in 2 5 - pound bags. The bakery uses an average of 4 8 6 0 bags a year. Preparing
A large bakery buys flour in
pound bags. The bakery uses an average of
bags a year. Preparing an order and receiving a shipment of flour involves a cost of $
per order. Annual carrying costs are $
per bag. What is the average number of bags on hand
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