Question: urgent A food processor purchases corn for use in its products. The firm uses 500 pounds of corn per week and purchases com for $0.25
urgent
A food processor purchases corn for use in its products. The firm uses 500 pounds of corn per week and purchases com for $0.25 per pound from a supplier. The cost to hold one pound of corn in Inventory for one year is $0.05. Each time the firm orders corn from the supplier, the firm must pay a $40 order processing charge. Assume there are 62 weeks in a year and round your answer to the nearest Integer value What is the optimal order quantity (in pounds)? pounds
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