Question: Question- An electronics circuit supplier buys microchips from a large manufacturer. Last year the company supplied 2,000 specialist D/35 chips to customers. The cost of

Question- An electronics circuit supplier buys microchips from a large manufacturer. Last year the company supplied 2,000 specialist D/35 chips to customers. The cost of placing an order is $50 and the annual holding cost is estimated to be $2.4 per chip per year. How much should the company order at a time, and what is the total cost of carrying inventory of this product?

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