Question: Problem 2: The next two questions use the following information. A grocery store uses 600 boxes of plastic bags per month. The boxes cost $25

Problem 2: The next two questions use the

Problem 2: The next two questions use the following information. A grocery store uses 600 boxes of plastic bags per month. The boxes cost $25 each, placing an order for plastic bags costs $20, and holding costs are $5 per box per month. Using the basic EOQ model, what are: a) The economic order quantity? b) The average inventory level? c) The total monthly holding cost? d) The total monthly ordering cost

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