Question: Undo Clipboard Font Alignment s V D26 X v fx B C D E F LL 1 2. 3 Assume that each time a firm

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Undo Clipboard Font Alignment s V D26 X v fx B C D E F LL 1 2. 3 Assume that each time a firm places an order an ordering cost of $20 is incurred. The price of the product depends on the size of the order as shown in the table below. The annual holding cost is $2. During each month the firm uses 80 unit of the product. 4 5 6 7 CO 8 Determine the optimal order quantity, the number or orders, and the total costs. 9 10 11 12 # of boxes ordered 13 Q

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