Question: Mr . Choi operates a news - stand. He orders copies of newspapers from the publisher at a cost of $ 4 per copy. From

Mr. Choi operates a news-stand. He orders copies of newspapers from the publisher at a cost of $4 per copy. From m any years of sales experience, he learned that the demand for newspaper depend on the price. In particular, he has discovered that the demand can be described with a normal distribution with mean 100- p and standard deviation 12. Any unsold newspapers at the end of the day has zero salvage value.
Q14
Suppose that the retail price p is fixed at $10. What is the optimal order quantity? Choose the closest number.
a.87
b.93
c.96
d.84
C.90
Q1price p does the optimal order quantity achieve the se twice level of 80%?

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