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Business, 23.04.2021 01:00 mponcier4

A local pharmacy orders 15 copies of a monthly magazine. Depending on the cover story, demand for the magazine varies. The pharmacy purchases the magazines for $2.25 and sells them for $5.00. Any magazines left over at the end of the month are donated to hospitals and other health care facilities. Model this newsvendor problem in Excel. Test your model to show the corresponding profit when demand is for the month 5 magazines.

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