7. A cookie company sells cookies in 1 pound containers. The estimated demand is 1,000,000 containers. The set-up cost for each production run is $500 and the cost of storing each container over the year is $.40. How many containers should the company produce per production run and how many production runs should be ordered to minimize the production costs?

7. A cookie company sells cookies in 1 pound containers. The estimated demand is 1,000,000 containers. The set-up cost for each production run is $500 and the cost of storing each container over the year is $.40. How many containers should the company produce per production run and how many production runs should be ordered to minimize the production costs?

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter6: Systems Of Equations And Inequalities

Section: Chapter Questions

Problem 21T: A manufacturer produces two models of television stands. The table at the left shows the times (in...

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