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Description: A company needs 450,000 items per year. Production costs are 500$ to prepare for a production run and 10$ for each item produced. Inventory costs are 2$ per item per year. Find the number of items that should be produced in each run so that the total

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

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A company needs 450,000 items per year. Production costs are 500$ to prepare for a production run and 10$ for each item produced. Inventory costs are 2$ per item per year. Find the number of items that should be produced in each run so that the total costs of production and storage are minimized.

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