A gift shop expects to sell 400wind chimes during the next year. It costs $1.20 to...

A gift shop expects to sell 400wind chimes during the next year. It costs $1.20 to store one wind chime for one year. There is a fixed cost of $⁢15 for each order. Find the lot size and the number of orders per year that will minimize inventory costs.

Expert Solution

milcah answered 2 years ago

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