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What is the optimal order quantity for the fishmonger

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Reference no: EM133591090

Question: A fishmonger buys fish from a local fisherperson for sale in a fish market early each morning for $5.25/fish. The fish retail for $19.99/fish. Leftover fish are sold to a shelter at the end of the day for $1. Demand at the fish market for the fish is Poisson with a mean of 210. What is the optimal order quantity for the fishmonger?

Reference no: EM133591090

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