Overpopulation
Economic Order quantity
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Samibush
You need $50000 cash throuout the year. your time is worth $100 per hour and it takes half an hour to get cash from your ATM. your bank is paying 5 percent per annum passbook savings.

1. what is the EOQ?
2. What is the total cost at the EOQ?
3. How many times per year will you visit the ATM?
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