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QUESTION
Media Moguls (MM) normally sells ( T ) 240,000 units per year. It cost ( PP ) MM $52 to purchase each unit, the ( C ) carrying costs equal 15% of...
Media Moguls (M&M) normally sells (T) 240,000 units per year. It cost (PP) M&M $52 to purchase each unit, the (C) carrying costs equal 15% of the unit's purchase price. (O) Ordering cost per order is $260. (a) What is the EOQ? (b) How many orders should M&M place each year?
