1. A large law firm uses an average of 52 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $28 per year per box, and it costs $36 to order and receive a shipment of paper. How much will be spent each year on ordering paper? calculate to 4 decimal places
2. A large law firm uses an average of 54 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $17 per year per box, and it costs $42 to order and receive a shipment of paper. What order size would minimize the sum of annual carrying and ordering costs? calculate to 4 decimal places