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What is the economic order quantity for the lamps

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Reference no: EM132957471

Question - A local lamp store expects to sell 2000 lamps in the coming year. It costs the store $1.00 in carrying costs for each lamp and $10.00 for each order placed.

Required -

a. What is the economic order quantity for the lamps?

b. How many orders will be placed each year?

Reference no: EM132957471

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