A restaurant has a steady annual demand for 885 bottles of California wine. It costs $3 to store 1 bottle for 1 year, and it costs $7 to place a reorder. Find the optimum number of bottles per order. The optimum number of bottles per order is. (Type a whole number.)
A restaurant has a steady annual demand for 885 bottles of California wine. It costs $3 to store 1 bottle for 1 year, and it costs $7 to place a reorder. Find the optimum number of bottles per order. The optimum number of bottles per order is. (Type a whole number.)
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter12: More Realistic And Complex Pricing
Section: Chapter Questions
Problem 12.1IP
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