A market named Econland expects to sell 2,000 boxes of shoes inthe upcoming week at a steady rate. The cost of placing an orderwith the manufacturer is $50. Carrying costs, based on the averagenumber of boxes in stock are $8 per box per week. Storage costs,based on the maximum number of boxes in the warehouse, are $6 perbox per week. Determine the economic order quantity that minimizesthe inventory cost.
