You run a small health food shop. You sell 900 water purifying urns each year. The total
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Question:
You run a small health food shop. You sell 900 water purifying urns each year. The total cost of placing an order is $250 and it costs $75 per year to keep an urn on the inventory. What is the optimal order size and how many orders should you place per year?
a.77 urns per order; 12 orders per year.
b.600 urns per order; 1.5 orders per year.
c.40 urns per order; 23 orders per year.
d.86 urns per order; 10 orders per year.
e.900 urns per order; 1 order per year.
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