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1. First describe "angel investors" and explain why they are a potential source of money available to fund an operation. Then describe "nonequity crowdfunding" and explain why they are a potential source of money available to fun an operation.
2. A firm’s annual demand for a product is 100,000 units. It has a holding cost of $20 per unit per year and an ordering cost of $10 per order. Since the supplier boxes its products into 150 units per box, the firm is required to order an integer multiple of 150 units. What order quantity should it use to minimize ordering and holding costs?
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