What value of ordering cost would order size be optimal

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An organization has had a policy of ordering 70 units at a time. Their annual demand is 340 units, and the item has an annual carrying cost of $2. The assumptions of the EOQ are thought to apply. For what value of ordering cost would this order size be optimal? A. $14.41 B. $73.62 C. $28.82 D. $7.20 E. $25.00

Reference no: EM131375241

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