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Business, 01.04.2020 19:20 davis096

The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. she knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. she also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four (4) days. what is the economic order quantity for resin?

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