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In: Statistics and Probability

A local accounting firm in Small town orders boxes of floppy disks (10 disks to a...

A local accounting firm in Small town orders boxes of floppy disks (10 disks to a box) from a store in Megalopolis. The per-box price charged by the store depends on the number of boxes purchased (see Table). The accounting firm uses 10,000 disks per year. The cost of placing an order is assumed to be $100. The only holding cost is the opportunity cost of capital, which is assumed to be 20% per year. Each time an order is placed for disks, how many boxes of disks should be ordered? How many orders will be placed annually? What is the total cost of meeting the accounting firm’s disk needs?

0<q<100.............. price=50.00

100<q<300............price=49.00

q>300......................price=48.50

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