A company needs 300,000 items per year. It costs the company $1,440 to prepare a production run of these items and $11 to produce each item. If it also costs the company $1.50 per year for each itemstored, find the number of items that should be produced in each run so that total costs of production and storage are minimized.| items/run

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Description: A company needs 300,000 items per year. It costs the company $1,440 to prepare a production run of these items and $11 to produce each item. If it also costs the company $1.50 per year for each itemstored, find the number of items that should be pro

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A company needs 300,000 items per year. It costs the company $1,440 to prepare a production run of these items and $11 to produce each item. If it also costs the company $1.50 per year for each i stored, find the number of items that should be produced in each run so that total costs of production and storage are minimized. |items/run

A company needs 300,000 items per year. It costs the company $1,440 to prepare a production run of these items and $11 to produce each item. If it also costs the company $1.50 per year for each i stored, find the number of items that should be produced in each run so that total costs of production and storage are minimized. |items/run

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter1: Basic Concepts And Properties

Section1.CR: Review Problem Set

Problem 67CR

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A company needs 300,000 items per year. It costs the company $1,440 to prepare a production run of these items and $11 to produce each item. If it also costs the company $1.50 per year for each item
stored, find the number of items that should be produced in each run so that total costs of production and storage are minimized.
| items/run

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