For what value of ordering cost would its action-namely

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Legal Beagle's law office has traditionally ordered ink refills 60 units at a time. The firm estimates that the holding cost is 40% of the $10 unit cost and that annual demand is about 240 units per year. The assumptions of the basic EOQ model apply. For what value of ordering cost would its action-namely, its order quantity of 60 units at a time-be optimal?

Reference no: EM132156028

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