Question: A production order quantity problem has annual demand = 3000, daily demand rate = 10, and daily production rate = 50. The production order quantity

A production order quantity problem has annual demand = 3000, daily demand rate = 10, and daily production rate = 50. The production order quantity for this problem is approximately 612 units. The annual setup costs for this problem are approximately a. $4.90 b. $50 c. $300 d. $490 e. $980

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