A merchant plans to sell two models of MP3 players at costs of $250 and $300. The $250 model yields a profit of $25 per unit and the $300 model yields a profit of $40 per unit. The merchant estimates that the total monthly demand will not exceed 260 units. The merchant does not want to invest more than $70,500 in inventory for these products. What is the optimal inventory level for each model
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A merchant plans to sell two models of MP3 players at costs of $250 and $300. The $250 model yields...
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