Question: PROBLEM 4: Consider a retail store which sells a perishable good with a life of only one period. At the beginning of each period, the

PROBLEM 4: Consider a retail store which sells a perishable good with a life of only one period. At the beginning of each period, the store in anticipation of demand, order Q pounds from a supplier at a cost of $75/lb. The demand is uncertain, but based on historical data; it is normally distributed with mean of 350 and standard deviation of 50 . The retail price of this item is $95/lb. In case the demand is less than Q, any unused amount has no salvage value. (a) Use marginal analysis to determine the optimum Q that a supplier should order every period

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