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A bookstore expects to sell 120 120 calculus textbooks during the next year. It costs $1.65...

A bookstore expects to sell 120 120 calculus textbooks during the next year. It costs $1.65 to store one calculus textbook for one year. To reorder, there is a fixed cost of $11 , plus $1.50 for each calculus textbook ordered. In what lot size and how many times per year should an order be placed to minimize inventory costs?

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