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 newsstand. He orders copies of newspapers from the publisher at a cost of $ 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 p and standard deviation Any unsold newspapers at the end of the day has zero salvage value.
Q
Suppose that the retail price p is fixed at $ What is the optimal order quantity? Choose the closest number.
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b
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C
Qprice p does the optimal order quantity achieve the se twice level of
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