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A certain type of computer costs $500 per unit to build and the annual inventory holding cost is 10% of the unit cost. Annual demand is 20,000 units and the setup cost is $100 per order. What is the economic order quantity (EOQ)? Find the closest value.
156
173
1,414
283
Given your answer for part a, how long will it take (in hours) the processing and packing operations if the operators work at their maximum capacity?
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