Multiple Choice
In economics, the most economical quantity Q of goods (TVs, dresses, gallons of paint, etc.) for a store to order is given by Wilson's lot size formula , where K is the cost of placing the order, M is the number of items sold per week, and h is the weekly holding cost for each item (the cost of storage space, utilities, taxes, security, etc.) . Find
.
A) 205
B) 14
C) 580
D) 42,000
E) 1,640
Correct Answer:
Verified
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