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Singapore University of Social Sciences *

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352

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Economics

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Nov 24, 2024

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Question 5 5 pts A news stall procures newspapers from the publisher and sells them to individual customers. The purchasing cost is $0.50, the selling price is $1.00 and the salvage value is $0.20. Suppose the demand for newspaper follows normal distribution with a mean of 100 and a standard deviation of 20. What is the optimal order quantity? @ 106 O 103 C} 87 O 98
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