Find the economic lot or economic order quantity Size which minimizes total cost Question A company produces and sells 57, 760 boxes of canned beans each year. Each production run has a fixed cost of $400 and an additional cost of $10 per box of canned beans. To store a box for a full year costs $5. What is the optimal number of production runs the company should make each year? Do not include units with your answer. Provide your answer below:
Find the economic lot or economic order quantity Size which minimizes total cost Question A company produces and sells 57, 760 boxes of canned beans each year. Each production run has a fixed cost of $400 and an additional cost of $10 per box of canned beans. To store a box for a full year costs $5. What is the optimal number of production runs the company should make each year? Do not include units with your answer. Provide your answer below:
Chapter1: Making Economics Decisions
Section: Chapter Questions
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