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The total relevant cost of holding inventory in a plant for purchased materials is given, TRC = (6000/Q)(60) PLUS 0.30(12)(Q/2) PLUS 6000(12) WHERE Q IS THE ECONOMIC ORDER QUANTITY. DETERMINE THE OPTIMUM ORDER QUANTITY AND THE CORRESPONDING TOTAL RELEVANT COST.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9746792

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