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A bookstore expects to sell 400 calculus textbooks during the next year. It costs $⁢4 to...

A bookstore expects to sell 400 calculus textbooks during the next year. It costs $⁢4 to store one calculus textbook for one year. To reorder, there is a fixed cost of $⁢12.50, plus $⁢0.50 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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